| AIR FREIGHT | |
| USA/LATAM | Qatar Airways is having backlog at Doha which is leading to a longer Transit Time. |
| AIR FRANCE | Due to backlog at CDG, bookings on Air France are getting delayed due to space issues. |
| OCEAN FREIGHT | |
| LATAM | LATAM rates have dropped, but are expected to increase in January 2025. |
| GULF | For GULF, Rates have dropped, however market is particularly constant. |
| UK & GERMANY | UK & German ports experiencing heightened congestion. Antwerp facing delays due to heavy wind. |
| NEW SERVICES | |
| OOCL | ISC Service, CIX2 (CHINA-INDIA EXPRESS 2 ) commencing in mid January Nhava Sheva – Mundra – Karachi – Port Kelang – Singapore – Shanghai – Ningbo – Shekou Effective Voyage: ETA NSA/MUN (11th Jan/ 14th Jan) |
| PIL LINE | PIL line strengthens South-West Africa service. The SWS will include a weekly direct calling at Abidjan ,Cote D Ivore, with PIL aiming to strengthen its network coverage of West Africa. |
| NEW SURCHARGES | |
| CMA CGM | PSS05 from the Indian Subcontinent, Middle East Gulf, Red Sea & Egypt to the US East Coast & US Gulf now from Jan 15th. Quantum: USD 1,500 per unit CMA implements (PCS) ex ISC MEG to Beira effective from 22nd Dec @USD 270/ TEU |
| ONE | ONE will introduce EES surcharges (Europe Environment Surcharges) by replacing ETS (Emission Trading System) surcharges effective from 1st of January 2025.The EES will apply to all existing contracts and new contracts that have commenced on and after January 1st,2025. |
| ONE implements Congestion Surcharge at Destination (Beira) Surcharge code: CGD. Applicable to all imports from Asia into Beira Quantum: USD 500 per container Effective date: 22nd Dec 2024 | |
| GENERAL NEWS | |
| As per FIEO, the trade war between the United States (US) and China under the Donald Trump presidency could create an additional $25-billion export opportunity in the US for Indian exporters FIEO identified the largest potential gain of $10 billion in the consumer electronics sector, where US firms are moving away from reliance on Chinese components due to security and trade concerns. India, already a prominent player in mobile phone assembly, stands to benefit significantly as global brands increasingly outsource production to the country, exporters said. Other sectors with substantial opportunities include textiles and garments, toys and games, chemicals, footwear, and furniture, each representing a $1 billion export potential. The automotive components sector could see an additional $1.5 billion in exports | |
| Red Sea remains chokepoint with re-routings causing higher fuel consumption and operational costs. Other disruptions e.g., explosions on board, adverse weather exacerbate situation. | |
| CARRIER ALLIANCES RESHUFFLING | |
| Dissolution of the 2M Alliance | The partnership between MSC and Maersk ends, which allowed the two largest carriers to streamline trade routes. |
| Formation of the Gemini Cooperation | Maersk and Hapag-Lloyd form a partnership that will become the second-largest global container shipping alliance |
| Creation of the Premier Alliance | The remaining members of THE Alliance, ONE, Yang Ming, and HMM, form a new partnership to provide direct port-to-port container services. The Premier Alliance will operate on key East-West trades, including Asia-North America, Asia-Mediterranean, and Asia-North Europe. |
| MSC’s new network | MSC will provide an independent network for East/West trades, including 11 loops for the Transatlantic Network |
| MSC’s collaboration with the Premier Alliance | MSC will work with the Premier Alliance on the Asia-Europe trade |
| MSC’s VSA with Zim | MSC and Zim will have a vessel-sharing agreement on the Asia-North America east coast trade. |
| ONE’s new product lineup | ONE will offer a wider selection of services, along with enhanced global coverage with more than 80 direct port calls |
