Intercity Railfreight on board with 8 operators

Utilising spare capacity on scheduled passenger services is the business model of Intercity Railfreight. How the company utilises that space, to the benefit of their partners, their customers and their fifteen-year-old company, is to carry premium logistics in first-class comfort, at first-class speeds, around the UK. Actually, they use discrete and secure storage, not empty […]

Container xChange Global Forecaster – February 2024

Container Rates Surge Amid the Red Sea Crisis• Average container trading prices surge by up to 60% in January’24• Container leasing rates Ex China rise by up to 323%• Supply Chain professionals expect Container prices to surge further in February: xCPSI (Container Price Sentiment Index by Container xChange) In response to the escalating Red Sea […]

Will the Year of the Dragon spring some surprises?

So where is the market headed to this year? Sorry to disappoint you but we will not be answering this question. Instead we will look at four topics with two of them likely to have an impact on the shipping market and two highly unlikely to have any. These four topics are a financial crisis, […]

Maersk sets new bar with shipping’s first climate target validation

AP Moller-Maersk has achieved another industry first, having validated its decarbonisation targets to be in line with the Paris Agreement’s goal to hold the global average temperature increase at 1.5C above pre-industrial levels. The Danish shipping and logistics group has seen its goals verified by the Science Based Targets initiative (SBTi) – a group that […]

HMM privatisation process collapses

The long planned privatisation plans for South Korea’s flagship carrier lie in ruin today. Harim Group, whose bid with a local private equity firm had been the one selected by state banks, announced in a stock market release that it was pulling out of the deal to take HMM private. “Negotiations were conducted on the […]

Red Sea Chaos Causing Global Oil Buyers to Shop Local

The global oil market is looking increasingly local as militant attacks in the Red Sea and surging freight rates make supplies from closer to home more attractive. A slump in tanker traffic through the Suez Canal is spurring the beginnings of a split, with one trading region centered around the Atlantic Basin and including the […]

Red Sea, Black Sea and Panama Canal: UNCTAD raises alarm on global trade disruptions

The UN’s trade and development body, UNCTAD, has raised profound concerns over escalating disruptions to global trade. It says that recent attacks on ships in the Red Sea, combined with geopolitical tensions affecting shipping in the Black Sea and the impacts of climate change on the Panama Canal, have given rise to a complex crisis […]