GLOBAL MARKET INSIGHTS

Keeping you updated on the latest industry news.

Shippers Look for Alternatives as Panama Canal Delays Grow, Costs Mount

The number of vessels waiting to transit the Panama Canal has reached 161, more than double the number typically seen during the rainy season, and ... Read More

Flooding, Landsides Wreak Havoc Across Bangladesh; Shipping Heavily Disrupted

Severe flooding and landslides have been reported across Bangladesh after the country recorded its highest rainfall in over 30 years.  The torrential rains, which began ... Read More

Customer Advisory – July 27, 2023

Subject:  Peak Season Surcharge Effective Date:  August 2023 Dear Valued OCEANAIR Customer, We have received notification from several carriers announcing Peak Season Surcharges (PSS) on ... Read More

Drought-Stricken Panama Canal Limits Daily Vessel Crossings

The Panama Canal Authority (ACP) has been forced to limit the number of vessels transiting the canal to conserve water as the region grapples with ... Read More

B.C. Strike Resumes After Union Rejects Labor Deal

More than 7,400 port workers across British Columbia, Canada have walked off the job again after rejecting the labor deal brokered by a federal mediator, ... Read More

Canadian Dockworkers Issue Strike Notice

Canada’s west coast dockworkers will walk off the job this weekend after issuing a 72-hour strike notice.  The strike by more than 7,000 unionized dockworkers, ... Read More

Panama Canal Adjustment Surcharge

Subject:                    Panama Canal Adjustment Surcharge Effective Date:       June 1, 2023 Dear Valued Client, Carries have announced an adjustment surcharge on all vessels transiting the Panama ... Read More

Drought Conditions Force Panama Canal to Lower Vessel Draft

The Panama Canal Authority (ACP) has lowered the maximum draft of the largest vessels transiting the canal due to falling water levels at the lake ... Read More

Customer Advisory: Notice of General Rate Increase

Subject:  GRI Effective Date:  May 15, 2023 We are receiving varying reports from the different carriers indicating a GRI surcharge for May 15, 2023. This ... Read More