. DHL Ocean Freight Market Update - May 2022. Weekly Rate Update analysis (Week 11, 2022) Special Weekly Segment: . Ocean Freight Rates Reach Highest Level Since Last November. Maritime news articles about every aspect of the industry, including ports, container and breakbulk lines; and ships and ship chartering. Request a . In April 2022, Hapag-Lloyd will launch a new China-Europe express ocean service connecting the ports of DaChan Bay (Shenzhen) and Hamburg, in order to avoid the more congested North . Apr 11, 2022. Covid resurgence in China disrupted productivity 511oss the supply chain in March. Freight rates on Shanghai - Rotterdam dropped 2% or $268 to $10,577 and Shanghai - Genoa fell 1% or $138 to $12,904 per feu. Worries of inflation escalated Thursday after a white-hot Consumer Price Index of 7.9% was recorded. US FMC pushes forward with container line export audit Apr 25, 2022 The ISM manufacturing index fell 1.5 points to 57.1 in March. More than two months ago, when the terrible events in the Ukraine were beginning, I hinted here that disruptions would beget a bump up in hires and time-charter equivalents, as trade flows in tanker and drybulk are re . There could also be Ocean Freight rate increases in the future, as shipping lines try to offset rising fuel cost. Since the pandemic's beginning, global supply chains have been in the spotlight like never before. Limson is currently stocked with 5/8, 8 ups and 10 ups. The logistics industry is uncertain and challenging right now. It is a cautionary tale, as we could see more of the "stop and . Announcement. Categories: Ocean Freight, Supply Chain, Imports, Regulatory Updates, Market Updates, North America, Shipping & Logistics News, Port Congestion, Container Drayage. . COVID-19 Customer Advisory Global Update - March 30, 2022. Currently suppliers do not have stored product to replenish inventory in the US until the new season 2022. For perspective, February 2021 FTA was 82%. Reefer Freight Rates - April 19, 2022. Definitely, You Can Buy it! Lack of space for ocean freight has forced some shippers to switch ocean shipments to air. How to mitigate risks. Canada will close its ports this week to all Russian-owned or registered vessels. Carriers have shifted more ships from Asia to US East Coast services, growing by 28.1 percent over the last year. Asia-Pacific Container Logistics Update March 2022: Port congestions, disruptions and demand patterns. Ocean. Freight & shipping costs & delays. Situation in Ukraine continues to increase congestion, drive rates and transit times. Covid-related labor shortages and quarantine restrictions will keep capacity tighter for longer and this may result in persistently elevated airfreight rates. Multi User Licence : . Dey and Co. monitors the market daily to find competitive rates that pair well with exceptional transportation services. Category Filter . Shanghai Lockdown contingencies (March 28th onwards) Last Update - Read more . . Each monthly update we will highlight the developments within the Ocean freight market including the following topics: Trending topic: U.S. Congested Ports. March 2022 - Important Logistics Updates . Learn More. Ocean Freight market update - February 2022. by Editor. Apr 28: The Rise of freight analytics with Argus, Windward and ZE Powergroup. . While negotiations between UPM and Paperworkers' Union continue, the union announced on Feb. 24 a three week extension to the strike at most UPM's Finnish mills, until 2 April 2022, unless new collective labour agreements are reached before that. While news outlets are focused on crude, and crude-derived products, they are missing the big inflationary pressure — logistics prices. For some additional context: Week of March 3, 2019, FTA was 89% and RGD was 1.21. 8:30am - 10:00am. This action is primarily symbolic, as less than 1% of . . Based on real-time intelligence, we will be exploring current economic factors and freight trends as we near the end of Q1. Post not marked as liked. Sep 22: Freight markets - a recovery atop a house of cards Carriers have shifted more ships from Asia to US East Coast services, growing by 28.1 percent over the last year. Tuesday, March 8, 2022. That pushed shippers to use more expensive airfreight options versus ocean. Got questions, comments, or need assistance? Dear Valued Customer,We would like to advise the changes in the Bunker Adjustment Factor (BAF) levels for the 2nd quarter of 2022 that will be applied on our existing quotations effective April 1st, 2022 as listed below.Download: DB …. min read1 min. Freight Market Update - Week of March 10, 2022. Air and Ocean Updates Air Market • Export rates are more stable and offer enough capacity for all destinations. Q2 2022 Market Update. Canada's Transport Minister, Omar Alghabra, proposed C$603.2 million (US$469.6 million) to improve the country's supply chain, including projects to support the movement of goods during transportation and removing red tape to help harmonize regulations. European Freight Market Update Live: March 8 at 16:00 CET / 15:00 GMT. 20% Discount till 31st March 2022. Jul 12: The effects of analytics on the maritime industry. Canadian Pacific work stoppage ends as railroad, union enter arbitration . AIR MARKET UPDATE 032022.pdf. New Zealand Air and Ocean Market Updates. The labor force participation rate in the U.S. edged up to 62.4 percent in March 2022, the highest level since March 2020. Ocean Freight; Air Freight; Covid-19; Search. ocean freight and air freight to the Baltics and Poland in the coming weeks. . Definitely, You Can Buy it! M.E. Postponed Again - Container Dwell Fee remains on hold UPDATE 12/13: The Port of Long Beach and Port of Los Angeles announced they will delay . Canada will begin fishing sometime in May depending on the ice situation. MARKET UPDATE - GLOBAL SHIPPING IMPACT: WAR IN UKRAINE - FEB 28. . Latest Updates. The US is expected to follow suite and prohibit Russian-flagged ships as well. Announcement - TPEB BAF Q2 2022. Market Update, March 2022 - Europe Exports by Trade DHL Global Forwarding | OFR Reefer Market Update | March 2022 9 To North America To South America and Mexico To Asia Pacific Rates to East-Coast US are remain on high levels, still on a slight way up, with several increases on the PSS amounts from carriers. Jul 1: Q2 2021: Freight market update. Typically we see early landing in the US toward the late May building through June. Mar 11, 2022 (The Expresswire) -- In 2022, " Ocean Freight and Air Freight Market "Size, Status and Development Strategy Pre and Post COVID-19, by Corporate. Jun 16: Diving into energy shipping dynamics with Vortexa freight analytics. The labor force participation rate in the U.S. edged up to 62.4 percent in March 2022, the highest level since March 2020. For Air Freight, conversion of ocean to air freight and growth of e-commerce have proved to drive higher demand and increased rates. Posted: Oct 28, 2021 9:26:25 AM. Download and read the latest on Operations and Carrier updates. Service Announcement . Space & rate developments. March 2022 Ocean Hills Country Club Real Estate Market Update presented by Ken Tritle, Realtor®, Senior Real Estate Specialist (SRES®), DreamWell Homes. Freight Market Update - Week of March 3, 2022. The world of logistics . Ocean Freight and Logistics. National reefer capacity is at 5.91 loads to truck, compared to the March . Once the merchandise landed in the U.S., they were forced to use a higher-cost spot market for capacity more than they would have liked. Headlines . This led to congestion, which affected throughput. Sarah Zimmerman • March 23, 2022. Many countries applied heavy sanctions to the Russian import and export market. FreightWaves' Monthly Market Update webinar is our most popular monthly segment designed to provide data around the latest events affecting the freight markets today. . The global low-sulphur fuel average was $881/ton on March 31st. Joann paid $35.3M more for ocean freight to free up stranded containers . To help you stay informed on the latest ocean and air freight market situation, you are invited to join our 30 . Pollock: . March 2022 Market Update; Your monthly update on the state of the pork, poultry, beef, and seafood industries, direct from the category experts at Y. Hata. Seasonality, a drop in available exports, and inflation's impact on European consumer demand are causing decreased Asia-Europe pricing, while ongoing pandemic-related delays and closures are likewise driving down Asia-North America ocean rates - though these remain extremely elevated compared to pre pandemic prices. 16:00 CET. The latest international freight trade information for New Zealand based Importers and Exporters. Note, volume are very light due to poor harvest, quota cuts and high demand. Logistics Rewired: Navigating Supply Chain Complexities in LATAM March 9 at 9:00 am PST | 12:00 pm EST | 6:00 pm CET. Categories: Ocean Freight, Supply Chain, Imports, Regulatory Updates, Market Updates, North America, Shipping & Logistics News, Port Congestion, Container Drayage. Maritime News. Per Splash 24/7, the Port of Vancouver will limit the discharge of scrubber wash water starting March 1. Asia → North America (TPEB) Covid-19 outbreaks in China and resultant lockdown/ restriction measures disrupt production and trade activity in Southern (Shenzhen/Dongguan) and Eastern (Shanghai) regions. Exports of crude oil for the month topped 8.1 million tons, which is a 29% increase from the same period last year. Drewry's World Container Index composite index decreased by 1.2% to $7,945.31 per 40ft container, but is 62% higher than the same week in 2021. Last updated: May 1, 2022. Find out the latest developments of the global ocean freight market in this monthly analysis by DHL Global Forwarding. Covid-related labor shortages and quarantine restrictions will keep capacity tighter for longer and this may result in persistently elevated airfreight rates. Basis of Index: This Index is based on prices in the table below weighted in proportions that represent a broad average of log grades produced from a typical pruned forest with an . Webinar. OVERVIEW Shipping lines suspended most of the services to/from Russia and Ukraine due to the ongoing war. Similarly rates on Rotterdam - Shanghai slid 4% or $53 to $1,402 per feu. MSC is anticipated to consolidate its position at the top in 2022 and beyond as it begins to obtain a further container ship order book of 999,808 TEUs, by far the biggest of all shipping lines. Service Announcement | 03 March 2022. 28 March 2022. As economic outlooks fluctuate, and fresh disruptions emerge, we give you the latest picture of port congestions and container logistics in the Asia-Pacific. Ocean carriers are assessing impacts to bookings and have not yet . Market update - January 2022. Postponed Again - Container Dwell Fee remains on hold UPDATE 12/13: The Port of Long Beach and Port of Los Angeles announced they will delay . The current Covid-19 outbreak in China and related restrictions . Three Things to Watch in 2022: Spot Market, Intermodal Services on the Rise, and Last-Mile Delivery Innovation. Market update - February 2022. Ocean Freight and Air Freight Market 2022: Trending Report on high CAGR In Coming Years with Focusing Key players and regions . The ocean market issues have been impacting domestic transportation networks that are already under immense pressure for a number of other issues. Market Research Update is market research company that perform demand of large corporations . 27 February 2022 | Announcement. Covid-19 Situation. Transpacific cargo inbound: Ocean rates have been more stable in 2022 but remain 8-9 times higher than pre-pandemic rates. March 24 @ 2:00 pm - 3:00 pm EDT. The ISM manufacturing index fell 1.5 points to 57.1 in March. Get the latest air . 20% Discount till 31st March 2022. April 1st, TPEB - BAF Q2 2022 (USA&CAN) Mar 16, 2022. . The rise in black gold has pushed up the price of bunker fuel, jet fuel and diesel. AirFreight Market Update - January 2022. This week we will focus on the air cargo market, and come back to you next week with our regular ocean container rates update. March 1, 2022. Port developments & congestion. The thought is total freight costs could net out lower as shippers move away from the premium options used last year. Read the latest air, ocean, rail, and intermodal transportation information. Watch our monthly State of the Ocean Freight Market webinar and get expert insight into how the container shipping market reacts to the current Russia-Ukraine war. The BAF (Bunker Adjustment Factor) increased by 15 to 20% depending on the country, due to the war in Russia and Ukraine. Service Announcement | 29 March 2022 . In the first two weeks of January 2022 compared to the same period in 2021 rates were up more than 40%. 80-82% FTA has been the range of performance since the reopening of the economy in 2020 with the exception of December 2021 and January 2022. The latest international freight trade information for New Zealand based Importers and Exporters. Sea Intelligence Maritime Analysis projected that in the 12 weeks following Lunar New Year, capacity will grow 20% YOY on the Asia-US West Coast trade lane and 19.3% on Asia-North Europe trade lane. We have used our utmost care in providing the information . We provide fixed-rate contracts in addition to standard market rates. Freight Market Update: March 15, 2022. . The increase in revenue was primarily attributable to the net . Senate moves generational US shipping reform closer to fruition. Europe. Ocean Perch: Skinless product continues to be non existent. Our team is ready, don't hesitate to contact our experts.. At Crane Worldwide Logistics, we are equipped to navigate the changes to best support our clients.We will continue to monitor the situations globally to keep you informed. Section Type. . As of Friday, March 4 th 18 container ships were listed as waiting at anchor outside Charleston, which is down almost half of what it was on February 23 rd . • Records for the Mexican air market continue, recording 19% growth for Q4 and Ocean Transportation revenue increased $383.4 million, or 68.4 percent, during the three months ended March 31, 2022, compared with the three months ended March 31, 2021.The increase was primarily . We are continuing to monitor all lanes, ports, and services to provide you with the best possible service at the best possible price. the next couple weeks. Week of Feb 23, 2020, FTA was 90% and RGD was 1.17. PF Olsen Log Price Index - March 2022. Recent Posts See All. 15:00 GMT . Event Details. Freight Indices & Container Availability. . The image by Jerry Huddleston/Flickr is licensed under CC BY 2.0. Unfavorable EUR/USD exchange rate: 1 EUR = 1.10 USD today / 1 EUR = 1.13 USD on 02/01/2022. Find out the latest developments of the global ocean freight market in this monthly analysis by DHL Global Forwarding. Global. January and February should show year-over-year (YoY) increases, with March being down slightly versus last year as the Lunar New Year pause impacts ocean shipping. Find out the latest developments of the global ocean freight market in this monthly analysis by DHL Global Forwarding. (Apr 26, 2022) - All European Ocean Freight Branches are fully functioning operationally. Weekly Rate Update: Week 18, 2022 | Airfreight Special. Read More. nrice55. March 1, 2022. Global ocean market demand normalizes, however still expected to outperform new building capacity supply for 2022. . Ocean Freight Market Update. March 25, 2022. However, when the underlying data and trends are analyzed, it becomes clear that 2022 will - at best . Aéreo. Mar 17, 2022 | Article, Market Updates, News Uniserve's monthly market snapshot providing international freight, trade and supply chain insights and forecasts for the weeks ahead. Reefer rates are highest in the Midwest, averaging $3.77 per mile, and the lowest rates are in the Southeast, with an average of $2.99 per mile. GLOBAL OCEAN MARKET REVIEW | MARCH 2022 LATEST UPDATE RATES BUNKER SCHEDULE 1. In the first two weeks of January 2022 compared to the same period in 2021 rates were up more than 40%. 28 March 2022 | Announcement. Space & rate developments. Spend 30 minutes with our experts, including time for Q&A. Log in / Sign up. SUMMARY: Container shipping costs are higher than ever and will stay high for the foreseeable future as importers continue to battle for space in the face of record demand for consumer goods from Asia. Overall, globally, container shipping schedule reliability remains at a very low level. Imports will still show increases in the early part of 2022, but not to the levels forecasted several months ago. Apr 7: Q1 2021: Freight market update. Ocean Freight. We are looking at rising cost for transportation across the board . The year 2021 saw an especially steep increase in global freight rates, reaching a record price of . MSC formally toppled Maersk's decades-long reign as the world's largest container carrier when the 4,992 TEU-capacity. Total revenue was $73.4 million for the quarter ended March 31, 2022 compared to $38.1 million during the first quarter of 2021. 3 months ago. Although that reading keeps the sector in solid expansion mode overall, the key new orders and production components were rather weak. It forecasts that Maersk's 2022 EBITDA will be $34.6 billion, up 43% from 2021, and that Hapag-Lloyd's 2022 . Regarding crude oil in March, the port handled 8.7 million tons - a 28% increase from the same time last year. As of March 10, 2022, the rate for shipping a metric ton (mt) of grain from the U.S. Gulf to Japan was $79.00—12 percent more than the beginning of the year, 37 percent more than the same period last year, and 70 percent above the 4-year average. Falling freight demand shapes 2022 outlook March 29, 2022 . Top Takeaways. Air Freight; 0 views 0 comments. We saw an increase in demand and rates post-Chinese New Year as importers caught up on inventory demands. Truckers apply fuel surcharges with weekly validities, which means that the quotes will not always match the amount charged. This with elevated freight cost are keeping prices high. March 2022 brings renewed global uncertainty in various forms. Solid Color Arrow. Since the end of March (Week 13) there has been a pick-up in the number of passenger . Get the latest information on the European ocean and air freight markets. LSC MARCH PAPER MARKET UPDATE 3_22.pdf (214.78 kb) News . Ongoing situation in Ukraine causes growing concerns among shippers. Q2 2022 BAF levels are approximately 11% higher than Q1 2022. Market Research Update is market research company that perform demand of large corporations . Are you looking for updated, detailed, and trusted market updates? DHL Ocean Freight Market Update - May 2022. The serious outbreak of COVID in Hong Kong is causing severe freight disruptions for companies that ship cargo between Hong Kong and Mainland China. Total revenue was $73.4 million for the quarter ended March 31, 2022 compared to $38.1 million during the first quarter of 2021. Request the Recording. 10th March 2022. Manufacturing. News Finnish Paperworkers' Union extends UPM strike until April 2, 2022 . Uniserve has just released the March market update, providing key insights and forecasts for global supply chains for the weeks ahead. Although that reading keeps the sector in solid expansion mode overall, the key new orders and production components were rather weak. Coverage also includes the impact of recent industry mergers and acquisitions, and of emerging new technologies such as blockchain, artificial intelligence, and the Internet of Things. Multi User Licence : . Ocean schedule reliability is lower than . March 14, 2022. This remains particularly pronounced on freight from Asia. The index of $128 is $5 above the two-year average, $7 above the three year-average and $4 above the five-year average. Freight Indices & Container Availability. Welcome to this week's Weekly (Container) Rate Update - Air Freight Special. Maersk was once again the most reliable top-14 carrier in January 2022, with schedule reliability of 46.9%, slightly better than a year earlier, according to the latest Sea-Intelligence report in early March. Container freight rates increased dramatically between January 2019 and March 2022. Deutsche Bank predicts the two carriers' average freight rates will be up 30% this year versus 2021. After an extremely turbulent and unpredictable 2021, it is only natural to hope for some semblance of normality to emerge in 2022. Service Announcement | 29 March 2022. Port congestions persist in Los Angeles and Long Beach, though number of ships waiting to enter have seen a reduction from 109 to 76. Consult the Ocean Freight Market Update ; COVID-19 Update. Mar 18; 0 min read; Air Freight Market Update - March 2022. Ocean Freight Market Update. Ocean Freight and Air Freight Market 2022: Trending Report on high CAGR In Coming Years with Focusing Key players and regions . Join Xeneta's State of the Ocean Freight Market webinar on March 22nd to get expert insight on how the market will react to these world events and take proactive steps to improve your ocean freight procurement. Ocean freight rates for shipping bulk grains have risen for 5 consecutive weeks. • Congestion continues to challenge import volumes, due to low capacity in the ocean market. 31 Mar 2022. Each monthly update we will highlight the developments within the Ocean freight market including the following topics: Trending topic: Starting of 2022 with record high container prices. Manufacturing. UKRAINE CRISIS - SITUATION REPORT. Ocean Freight Market Update. Market Updates; Market Update: March 11, 2022 Market Updates for March 11, 2022. Freight Market Update Live. You'll learn which proactive steps to take to improve your ocean freight procurement. Space remains tight due to the disruption of schedules and blank sailings caused by severe congestion at the ports. The cross-sector ClarkSea Index clocked $36,507 a day during the first quarter of 2022, double the 10-year average and the. In anticipation of strong demand expectations, carriers are planning to increase capacity on key trades out of Asia in 2022. March 14, 2022. As far as the containerized business, we don't expect serious consequences on a Key Webinar Takeaways: Short- and long-term: Economic & Geopolitical impacts on shipping. In Hong Kong's neighboring city of Shenzhen, officials have instituted aggressive testing measures to prevent the spread of COVID to the mainland from cross-border truck drivers. Single User Licence : US$ 3580 4475. Single User Licence : US$ 3580 4475. In the first three months of 2022, the Port saw their first-quarter . Tags:freight market data, freight market update, maritime market, Ocean analytics, ocean intelligence. DHL Ocean Freight Market Update - March 2022. The Senate's passage of the Ocean Shipping Reform Act of 2022 brings the container shipping industry one step closer to new US regulations affecting container storage fees and the willingness of carriers to accept export cargoes. Last year witnessed a massive shift in capacity towards lucrative East-West routes at the expense of regional traffic within Asia and Europe and also capacity deployed on Africa-related services. Port developments & congestion. 0. Kick-off 2022 reading trusted updates created by all-star logistics experts. The Hong Kong market has not responded with the same increases seen in China, as Hong . Reported by Freight Waves, Georgia Ports Authority has unveiled a plan to increase container capacity at the Port of Savannah by 60%, from the current 6 million twenty-foot equivalent units to 9.5 million TEUs by 2025. Get the latest information on the European Ocean and Air Freight Market. 2. How to mitigate risks. Download PDF • 1.70MB. . February 28th 2022, 18:00 pm As a result of the latest developments in Ukraine, trade with countries involved in the conflict is restricted and transport plans are . The facility will be opening in September 2022. In the real world, handicapping freight markets is always challenging; however, certain trends are beginning to play out. December 2021 - Global Logistics Updates. This led to congestion, which affected throughput. Tuesday, March 8, 2022. but the sudden increase in rates will eventually settle at 30-50% higher than rates seen during February 2022. The current Covid-19 outbreak in China and related restrictions . Posted: Oct 28, 2021 9:26:25 AM. Reefer freight rates are averaging $3.22 per mile, down $.18 from the March average. The increase in revenue was primarily attributable to the net . Ocean Market Update: April 2022 . According to Chu, 2021 was the best year for container shipping on record "but we think that 2022 will be materially better.". 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