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Seafarer labour market tightest on record
The 2023 officer availability gap has widened to a deficit equating to about 9% of the global pool, which represents a marked rise from last year’s 5% shortfall and the highest level since Drewry first started analysing the seafarer market 17 years ago.
DEVELOPMENTS THAT WILL SHAPE THE FUTURE OF THE LOGISTICS SECTOR
In recent years the supply chain has faced unprecedented levels of change. For example the outbreak of pandemics, an exponential increase in consumer demand or fuel shortages especially after the war in Ukraine. The logistics industry has been, and is, one of the key economic sectors, which is why innovation, development and the application of new technologies is fundamental to the progress of the sector.
MSC selects air cargo sales and service agent for North America and Europe
MSC has announced a new partnership between its Air Cargo business unit and ECS Group.
2M Alliance injects additional vessels into Asia – Europe services
2M Alliance of Maersk and MSC has announced changes to its Asia - Europe network aiming to improve the reliability of its services and enhance their fuel efficiency.
Global Freight Monitor: Container freight rates hit a speed bump
The Shanghai Containerised Freight Index (SCFI) turned negative following four weeks of stable or rising rates: SCFI dropped 3.6% week over week after four weeks of rising or stable rates, implying an overhang from the uncertain demand situation. The SCFI is now only 29% above the 2019 level.
Reduced cargo mobility at Port of Long Beach
Port of Long Beach (POLB) reported a decline in volumes during March, nearly one-third from the same month last year. Retailers continue to clear warehouses and shippers shuffle routes from the West Coast to seaports on the East and Gulf coasts, according to the port's statement.
Record high orderbook signals container fleet changes in coming years
In a recent report, BIMCO's chief shipping analyst Niels Rasmussen pointed out that the container orderbook has reached record levels despite the current collapse in freight rates.
Hapag-Lloyd implements new rate increase from East Asia to North America
Hapag-Lloyd announced a general rate increase (GRI) from East Asia to North America for cargo transported in dry, reefer and special containers, including high cube equipment.
Hapag-Lloyd to launch new service in Latin America
Hapag-Lloyd has announced it will commence a new service in Latin America, named WCSA Feeder 4 (WS4).
Fed’s all-clear on global supply chaos spurned by logistics watchers
The Federal Reserve Bank of New York this week said stress on the world’s beleaguered supply chains had finally returned to normal — below normal, in fact.
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