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Our defined purpose at SGL is to make the world a little less complicated, and never has our purpose been more relevant, with ever constant volatility being present in all corners of our industry.

Starting with the conclusion: Chaos across both the global ocean and airfreight markets with no short-term outlook for relief.

In recent weeks, a severe ocean freight capacity crunch across most major trades has sent freight rates on a skyrocketing trajectory. This rather sudden change in supply and demand has been fueled by high demand and network bottlenecks in part due to the Red Sea situation.

With apparent pressure on capacity ex Asia in recent weeks and this leading to significant rate level increases we have again moved towards a market development similar to pre-pandemic. Somewhat unexpectedly the peak season for volumes ex Asia has led to significant pressure on available capacity having been boosted by events such as Black Friday and Cyber Monday. Some analysts now predict that this could be sustained all the way up to Lunar New Year, 10 February 2024.

Get the latest market overview for air, ocean and rail freight.

As we enter the second half of the year, we wish to provide you with our current market outlook and not least, what to expect in the coming months.

Complicated freight market? Get the latest market overview for air, ocean and rail freight for week 52 2022.

Geopolitical impact as consequences of the war in Ukraine, COVID-19 lockdowns in the factory of the world, China, coupled with an already overheated logistics market, has sent the Western world as we know it into an unprecedented supply crisis. Below you will find our latest advisory.

The global logistics provider, Scan Global Logistics (SGL), takes another game-changing step, increasing its presence in China and Hong Kong. Effective July 5, 2022, Sea-Air Logistics Ltd. (SAL), an accomplished and respected air and ocean freight logistics provider headquartered in Hong Kong, becomes part of the ever-growing SGL family. The acquisition supports the company's strategic growth plans to build further global scale and will strengthen its already comprehensive and decades-long operations in mainland China and Hong Kong.