According to Drewry World Container Index, container freight rates from Asia to the leading consumer markets in Europe and North America continue to decline and are already lower than a year ago.
Professional drivers throughout France began a strike today for higher wages and better working conditions. According to Le Parisien, twenty industrial sites were already blocked by dawn.
Container Trade Statistics (CTS) estimates that global container shipping demand in April 2022 is 14.3 million TEUs, which is 4% lower than in April 2021 and only 1.5% higher than the pre-pandemic level of April 2019.
The most recent data published by the International Air Transport Association (IATA) indicates that the demand for air freight services decreased by 11.2% in April 2022 compared to April 2021, and international traffic volumes were 10.6% lower than a year earlier.
Global economic growth is projected to decelerate in 2022. The Institute of International Finance (IIF, Washington) now expects global GDP to grow only by 2.3%
The World Container Index (WCI) assessed by Drewry for Shanghai to Northern Europe routes has reached a record low of $10,000 per a 40ft container at the 18th calendar week, and it continues to fall.
Turkey, Kazakhstan, Georgia, and Azerbaijan signed a declaration on the East-West Middle Corridor with the Caspian Transit.
Container turnover in Rotterdam, which is the largest European container port and which transports about a third of all containers transshipped through northern European hubs decreased by 1.4% to 3.6 million TEU in the first quarter of 2022.
A number of vessels waiting to load or unload in the combined anchorage of Shanghai with Ningbo, where vessels are waiting for entry into ports, has increased by 17% in comparison to the previous month.
In the first half of April 2022, the World Container Index (WCI) assessed by Drewry has decreased to 8 thousand US dollars per FEU, which is close to the level of the end of June 2021.
Road transport rates in Europe grow every year so they are not likely to decrease as the main factors driving the growth will remain for a long time.
Import volume into Ukraine remained low this week, down 82% compared to 14-20 February.
A recent report in Germany’s most-read news site, Der Speigel, contained information regarding an internal document by Germany’s DSLV transport federation.
Amid sanctions and the search for alternative supply chains, market participants are talking about the difficulties with the existing rail freight routes from China via Russia.
Diesel prices are rising amid fears of a global economic crisis from the military conflict between Russia and Ukraine.
FourKites, the supply chain visibility platform, states that the shipment time to the European ports has increased by 25% compared to the data from February 17.
According to Insights Global, a Dutch consulting company, at the beginning of February, stocks of diesel fuel and fuel oil in storage in the European refining and storage area Amsterdam-Rotterdam-Antwerp (ARA) were at their lowest for this season since 2008
Two queues of trucks were formed at the Privalka checkpoint. One is for truck drivers who enter Lithuania on a common basis, and the other is for those who have a paid pass.
Freight rates for all modes of transport have been unstable and mainly increasing. Read more on the market outlook as well as the reasons for rate growth in the consolidated information prepared by experts.
The Global Times (Huanqiu shibao), the Chinese newspaper, published the results of survey of rail freight users on the possible abolition of government export subsidies for transportation.