Category: Sea/Air

Sea freight rates from Asia continue to spike and remain on an upward trajectory

Between the start of April and last week, average spot rates from the Far East into North Europe increased by 31%, the US West Coast 30%, Mediterranean 25% and US East Coast 22%, with spot rates to Europe currently $6,000-$7,500 and analysts suggesting they may hit $10,000. Market demand reach... Read more

Global port congestion threat to capacity

The Red Sea crisis and the much longer sailing distances triggered by the diversion around Africa’s Cape of Good Hope (COGH) soaked up existing market overcapacity, which was just enough to cope with the extended COGH transit times, provided there were no additional disruptions to maritime supp... Read more

Airfreight market continues to fly – for now

The surge in Asia to Europe ocean freight (see ‘Ex-Asia spot rate spiral turned into shooting star’) is also boosting demand for airfreight to Europe and even to North and South America. Uncertainty and delays with ocean shipments have been encouraging more shippers to transfer to airfreig... Read more

State of the air freight market

The effective closure of the Red Sea and the Suez Canal to container ships is adding around two weeks to supply chain transit times and creating a backlog of manufacturing components, late shipments and inventory replenishment, with critical consignments reliant on air solutions. While Iran's att... Read more

Strengthening global partnerships: India

Metro’s main board recently completed a multi-city tour across India, as part of a strategy to fortify existing partnerships with key suppliers and to carve out new avenues for growth, by direct engagement with prospective customers. The visit spanned several major cities including Mumbai an... Read more

Air freight’s promising 2024 start continues

The global air freight market’s positive start continued last month with significant growth in demand and a corresponding rise in global spot rates, especially from the Indian Subcontinent, which is out of step with traditional market trends. Traditionally, air cargo demand and spot rates te... Read more

Sea/Air growth undiminished

The latest air cargo data is showing a clear upswing in volumes at key sea/air hubs, as shippers from Asia seek to avoid the extended ocean freight transit that has resulted from the Red Sea shipping crisis. Over the first two months of the year, volumes to Europe from Dubai, Colombo and Bangk... Read more

Red Sea impact on time-critical modes

Shippers’ concerns about Red Sea supply chain delays, plus an early Lunar New Year, pushed up air cargo volumes by 10% in January, but the availability of capacity has kept a lid on spot rates on most routes. While there has been no definitive immediate increase in air cargo demand due to th... Read more

Red Sea Crisis insurance withdrawals – fact or fiction?

In addition to fast-rising ocean freight rates and extended transit times, as the container shipping lines divert around Africa, shippers have been struggling to understand what (if any) insurance is in place, with insurance companies massively increasing war risk premiums and no longer willing t... Read more

Red Sea Crisis; Situation Report, Wednesday 17th Jan

Despite coalition military action, Houthi rebels continue to attack commercial shipping and with container shipping line’ schedules showing Cape of Good Hope routing for vessels into early February and beyond, it is clear that they do not expect short-term access through the Suez Canal and Red ... Read more

Sea freight shippers opt for air and sea/air alternatives

With the container shipping lines diverting around Africa until the Red Sea maritime security situation improves, the uncertainty and unpredictability that surrounds schedules could fuel demand for air cargo as shippers seek stability of services and certainty of transit times. Air cargo deman... Read more

2nd January; Suez Crisis Update

In our 2023 supply chain review we said that we were hopeful that the formation of a coalition naval task force to patrol the southern Red Sea and Gulf of Aden would restore maritime security quickly, but Sunday’s two attacks on the Maersk Hangzhou suggest it could be some time before the route... Read more