F.S. Mackenzie Limited

Further contraction expected in global freight forwarding 📉

After falling 3.7% in real terms (holding prices and exchange rates constant) last year, the global forwarding market is expected to contract a further 3.9% by the end of the year.

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Further contraction expected in global freight forwarding - The Loadstar After falling by -3.7% in real terms last year, the global forwarding market is expected to contract a further -3.9% in 2023.

📢 CMA CGM hikes rates even as record ultra-large newbuild tonnage sails in

The French carrier said from 1 August it would increase its 20ft FAK rate to $1,075 and its 40ft rate to $1,950, which compares with the $1,025 and $1,900 proposed increases by Maersk for 31 July.

Meanwhile, Maersk and 2M partner MSC have announced that this week’s sailing of the 19,462 teu MSC Rifaya from Shanghai on 8 July on the AE55/Griffin loop would be blanked in view of “slowing demand”.

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CMA CGM hikes rates even as record ultra-large newbuild tonnage sails in The French carrier said from 1 August it would increase its 20ft FAK rate to $1,075 and its 40ft rate to $1,950, which compares with the $1,025 and $1,900 proposed increases by Maersk for 31 July. Meanwhile, Maersk and 2M partner MSC have announced that this week’s sailing of the 19,462 teu MSC Ri...

📢 📢 Ocean carriers constantly reassess network coverage to cope with the impact of demand fluctuations but, post-pandemic, this has translated into widely different trading patterns for the top-ranked lines.

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Major ocean carriers set course for more-profitable routes Ocean carriers constantly reassess network coverage to cope with the impact of demand fluctuations but, post-pandemic, this has translated into widely different trading patterns for the top-ranked lines. A survey by Alphaliner reveals that, compared with a year ago, most of the top ten carriers have...