In light of the U-Freight Group’s significant presence in the global container shipping arena, we were very interested in a news item on the Seatrade Maritime News website, which indicates that as the container ship newbuilding orderbook continues growing the impact on the sector could be long lasting. The article indicates that the container ship…
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The U-Freight Group has celebrated the 25th anniversary of the start of operations at its Shenzhen office. Shenzhen was one of the first offices opened in China by the Hong Kong-based global logistics and freight forwarding business. Founded in August 2000, U-Freight Shenzhen began operations at Shun Hing Square, but due to rapid growth and…
With U-Freight’s strong presence in the global container shipping arena, we note that last week, Marie Maersk joined a growing list of container ship cargo fire casualties, putting crew lives at risk, as the report is issued into the explosion on the YM Mobility a year earlier. Seatrade Maritime Review suggests that the fire on…
With U-Freight’s strong presence in the global container shipping arena, we note that Drewry’s composite World Container Index (WCI) decreased three percent to USD2,350 per 40ft container this week. This was the ninth consecutive week that the WCI has declined and it continues to stabilise after a volatile period. The unpredictability began after US tariffs…
The news that the USA and China have extended their ongoing trade truce for another 90 days is being greeted with a sigh of relief by markets, businesses and consumers around the world. It is welcome news for the U-Freight Group with our strong presence in the transpacific air and ocean freight market. Trump’s tariff…
With our strong presence in the expedited international airfreight business, the U-Freight Group notes that Xeneta’s latest market analysis for July showed global air cargo volumes climbed 5 percent year on year as front loading continued and more shippers opted to send their goods by air to avoid the impact of tariffs. Xeneta’s analysis for…
With U-Freight’s strong presence in the global container shipping arena, we note that Drewry’s composite World Container Index (WCI) declined only one percent last week, and continued to stabilise after a volatile period, which began after US tariffs were announced in April. Since the big rush to ship cargo before the US tariff increase is…
With our strong presence in the expedited international airfreight business, the U-Freight Group notes that global air cargo demand continued to grow at a modest pace despite trade disruptions, according to the latest data from the International Air Transport Association (IATA). Demand measured in cargo tonne kilometres (CTK) increased by 0.8% year-on-year in June and…
In the era of globalized trade, businesses require efficient and reliable logistics solutions to ensure smooth cargo transportation. Freight forwarding is a professional service that assists companies in managing international shipments, offering end-to-end solutions including customs clearance, documentation, and multimodal transport. This article will explain the definition, service scope, and advantages of freight forwarding, while…
In the era of globalized trade, businesses require efficient and reliable logistics solutions to ensure smooth cargo transportation. Freight forwarding is a professional service that assists companies in managing international shipments, offering end-to-end solutions including customs clearance, documentation, and multimodal transport. This article will explain the definition, service scope, and advantages of freight forwarding, while…