Author Archives: UFL Group

Following our recent news article about overcapacity in the container shipping arena, we note that Peter Sand, chief analyst at Xeneta, told the Splash 247 website that it would be necessary to demolish all ships built in 2009 and before to neutralise the current orderbook, adding that this is unlikely to happen. With our strong…

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…

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…

With U-Freight’s strong presence in the global container shipping arena, we note that Drewry’s World Container Index decreased 3% to USD2,517 per 40ft container in the week to Thursday, 24 July, marking its sixth consecutive weekly decline. This ongoing downturn follows an earlier period of volatility triggered by higher US tariffs announced in April. The…