The Global Supply Chain Pressures Index (GSCPI) reported at 1.05 in September 2022, just a quarter of the peak reported in December 2021, has shown that disruption The supply chain segment has been improved for the better.
The index is at this level similar to that reported in November to December 2020. While some ports, such as Houston, have seen high levels of congestion (around six weeks) due to an increase on output. Global port congestion appears to have eased from its December 2021 to January 2022 peak. The Freightos Baltic Index fell 9%, to $3.699, roughly on par with the World Containers Index of Drewry, has dropped to a third of its peak rates.
FBX12 reported a 22% drop in Nordic to China/Asia rates and recorded its lowest quote ever at $375. Meanwhile, US West Coast to China (FBX01) rates were reported at $2.435, even lower than those reported by Drewry's.
Cargo volumes at US ports also seem to point to/reflect this, with August throughput at the ports of New York, New Jersey, Los Angeles and Long Beach being lower than last year, around the time the indices peaked (September 2021). The reduction ranges from -0.5% to -16%. Global Schedule Confidence at 47%, close to December 2020 level, which reflects reduced Global Supply Chain pressure.
Everyone will focus on the US September inflation report, expected this week. This could give transportation analysts a signal where rates are headed in the near future. Rates are unpredictable, as the holiday season coincides with peak demand, however, this year has been pre-planned from importers and retailers and we could see a surplus of inventory in USA.
While China reopens this week, some analysts see the massive drop in spot rates as a selling proposition to further boost the country's exports, which have been quiet. Despite the negative overall picture, rates on US-Europe trade routes are at record highs as previously reported by Drewry's, similarly, rates on China-Africa and Europe trades Europe and South America also increased.
In recent years, “logistics digital transformation” has become a familiar buzzword across industry forums. Yet inside many day-to-day operations, the reality remains mixed: different software for different functions, heavy reliance on Excel and phone calls, and data trapped within departmental silos.
After a challenging period characterized by global market volatility, Vietnam’s paper industry is entering a new recovery cycle with optimistic signals.
As global supply chains continue to shift and the air cargo industry enters a new phase of post-pandemic restructuring, Southeast Asia is increasingly positioned as a strategic air logistics hub on the global map
Recently, Glotrans Central Region successfully hosted the Year End Party 2025 in a formal, warm, and highly connected atmosphere, with the presence of the Board of Management and all employees from Glotrans Da Nang and Glotrans Quy Nhon offices.
On the occasion of the Lunar New Year, as spring approaches, this is also a meaningful time for Glotrans HCM to look back on the journey we have gone through and to express our sincere appreciation for the dedication and contributions of all employees who have worked tirelessly for the development of the branch. Glotrans HCM successfully held the Year End Party 2025 with the attendance of the Board of Directors and all staff of the Ho Chi Minh City branch.
Recently, Glotrans successfully held the Year End Party 2025 for the Northern Region in a formal, warm, and highly connected atmosphere. The event provided an opportunity for the Board of Management and all employees to look back on the company’s journey throughout 2025, review achieved results, and align on development directions and strategic objectives for 2026.
The shipment of food additives was transported in container No. FCIU3301688 (20’), under B/L MPRSMUM1806, on the voyage from Nhavasheva Port (India) to Dinh Vu Port (Hai Phong, Vietnam) on 29/04/2017.
Company T (Plaintiff – the Insured) entered into an insurance contract with Company B (Defendant – the Insurer). After the insured event occurred, the Insurer alleged that the Insured had violated its obligation to prevent and mitigate losses. The Arbitral Tribunal acknowledged that such an obligation exists but concluded that the Insured did not breach it.
Under the insurance contract, the premium was to be paid in three installments, and in all three, the insured party was late in payment. When a dispute arose, the insurer (Defendant) argued that the insurance contract had terminated before the insured event occurred due to the late premium payment and therefore refused to make an insurance payout. However, the Arbitral Tribunal held a contrary view.
