F.S. Mackenzie Limited

19/12/2024

15/12/2024

Wishing you a Merry Christmas, a Happy New Year and prosperous 2025.

09/08/2023

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.

Read the full article here 👇

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

14/07/2023

📢 Not much to smile about in air freight, if you're not carrying e-commerce

The e-commerce market out of southern China remains strong in air cargo – but that appears to be the only joy on the horizon for carriers.

Indices this week show global demand is still weak, and rates going nowhere.

Read the full article here 👇

The e-commerce market out of southern China remains strong in air cargo – but that appears to be the only joy on the horizon for carriers. Indices this week show global demand is still weak, and rates going nowhere. TAC Index showed a slight decline in rates, after a mild bounce a week earlier, wh...

12/07/2023

📢 How companies are taking control of their supply chain costs

The need for more investment in supply chains has been a common conversation in the C-suites of retailers, distributors and wholesalers for the better part of the last decade. As consumer brands advance their e-commerce ambitions, competitive and efficient home-delivery capabilities become a requirement.

Read the full article 👇
https://www.fsmac.com/post/how-companies-are-taking-control-of-their-supply-chain-costs

07/07/2023

📢 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”.

Read the full article here 👇

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...

26/06/2023

📢 X-Press bucks the trend with order for more new feeder vessels

The huge containership orderbook is significantly weighted towards larger vessels, with little investment in recent years in replacement tonnage for the ageing smaller sizes.

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The huge containership orderbook is significantly weighted towards larger vessels, with little investment in recent years in replacement tonnage for the ageing smaller sizes. Indeed, according to the latest MSI Horizon Monthly Containerships Report, the feeder ship orderbook for vessels up to 3,900....

20/06/2023

📢 📢 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.

Read the full article here 👇👇

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...

16/06/2023

📢 US forwarders are complaining of a lack of effort to improve supply chain resilience to prepare for a surge in traffic.

Cargo flows are fairly smooth, but forwarders are concerned that a spike in volumes will overwhelm the system again, and plunge the industry into a repeat of the congestion seen between late 2020 and spring last year.

Read the full article👇👇

US forwarders are complaining of a lack of effort to improve supply chain resilience to prepare for a surge in traffic. Cargo flows are fairly smooth, but forwarders are concerned that a spike in volumes will overwhelm the system again, and plunge the industry into a repeat of the congestion seen be...

13/06/2023

📢 The air cargo market continues to look weak – but economists, forwarders and airlines are confident it won’t – at least – get much worse.

WorldACD said yesterday tonnage and rates fell again in week 22, up to 4 June, with volumes down 4% week on week and rates down 1%.

Read the full article👇👇

The air cargo market continues to look weak – but economists, forwarders and airlines are confident it won’t – at least – get much worse. WorldACD said yesterday tonnage and rates fell again in week 22, up to 4 June, with volumes down 4% week on week and rates down 1%. “Average pricing dec...

01/06/2023

📢 Major carriers still on the hunt for tonnage to boost market share

Led by MSC and CMA CGM, ocean carriers are again scouring the charter and sales and purchase markets for tonnage to boost capacity and increase their market share.

With demand prospects improving, especially for the second half of the year, and freight indices showing weekly gains, some carriers are using the huge cash reserves accumulated over the past two years to bolster their networks and gain a commercial advantage over more conservative lines.

Read the full article👇👇
https://www.fsmac.com/post/major-carriers-still-on-the-hunt-for-tonnage-to-boost-market-share