On March 8, the National Institute for Land and Infrastructure Management (NILIM) released research materials in response to the case of the Evergiven, a large 20,000 TEU container ship that ran aground in the Suez Canal on March 23 this year, blocking the canal for a week. The study points out that it will take time to understand the full impact of the canal blockage, since the dependence on international straits and canals, where cargo ships are concentrated, is increasing year by year. The document indicated that the direct loss due to the blockage of the Suez Canal in March was estimated at 46 billion US dollars, and the loss including spillover effects was estimated at 126 billion US dollars. Fortunately, the blockage was over in less than a week, so it does not seem to have had a significant impact, but there is still a time lag before cargo in transit arrives, so it will take more time to get a full picture of the impact.
top of page
Search
Recent Posts
See AllRates for airfreight services from Hong Kong to Europe and North America have surpassed last year's levels, driven by booming e-commerce demand. In April, average all-in rates from Hong Kong to North
The March 2024 Japan International Air Cargo Forwarder Ranking has been revealed. The top spot goes to NX with 17,733 tons (-3.6% y/y), followed by Yusen Logistics with 11,016 tons (+18.2%), Kintetsu
Global air cargo demand increased by 11% year on year in March for the third consecutive month, driven by factors like e-commerce and disruptions in Red Sea shipping. Xeneta's latest analysis revealed
bottom of page