Sufficient, reliable, and affordable shipping capacity is crucial for the viability of import and export businesses. Over the past three years most of that was missing due to congestion, shutdowns, blank sailings, and obscene shipping rates. Fortunately, things are improving, but problems remain, particularly with regard to connectivity in smaller markets. Under these circumstances there is merit in industry and Government considering taking control of feeder capacity to support ongoing connections for exporters and importers into hubs where connectivity has been largely unaffected over the past years.
Posts tagged as “rates”
Transatlantic air cargo was a real bright spot in 2022, both in terms of volumes and market rates. Containerised shipping did not do as well in volume terms, but rates have remained strong even as they have tumbled back down to earth in other markets. This analysis discusses the interplay between demand, capacity, and the relative competitive position between air and sea freight and how this is likely to evolve over the next year.