The upward trend in container freight rates continues. After the cargo movement and freight rate hikes that occurred on North American and European routes last year, the freight rate market had remained relatively calm. However, the Suez stranding accident in March of this year triggered an unprecedented rise in freight rates, and the subsequent turmoil at the Yantian port in China also spurred a rise in the market. The most recent preliminary figures released by some shipping companies show that profits increased even more than in the first quarter, and the improvement in the first half of the year is sure to gain momentum. Cargo movement is expected to enter a peak season, and freight rates are expected to remain high for the time being.
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See AllOcean freight rates increased via the West Coast of North America (+0.1% week-on-week). Freight rates via the East Coast of North America (-3.1%), South Korea (-5%), and Europe (-1.1%) decreased.
According to the January airport operations report released by Narita International Airport (NAA), the number of cargo flights to and from the airport totaled 2,500 (-39% y/y). The decrease was due to
The ranking of forwarders of international airfreight cargo volume from Japan for January 2023 has been revealed: No. 1 was Nippon Express with 13,272 tons (-33.7% y/y), No. 2 was Kintetsu Express wit
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