Scan Global Logistics continues to expand its presence in Europe by opening a new office in Marseille, marking its fourth establishment in France since its initial opening in Lille in 2021. This new office provides direct access to France's second-largest commercial port area, and trade routes to Asia, particularly China and the USA, will be of primary importance initially. However, the port's direct connectivity to Africa and the Middle East presents significant business prospects in these regions.

With the erection and installation of 32 turbines in the North Luzon region of the Philippines, in close collaboration with a valued industrial project customer, we have constructed the largest wind farm project in the country to date. Despite encountering challenges due to the challenging circumstances in the mountainous area, the 160 MW project is now completed, and another is ongoing.

Windward’s solution will provide Scan Global Logistics’ customers with a single source of truth of real-time ocean freight data, enhanced visibility, and the tools to optimise decision-making and manage by exception for increased on-time performance.

This is a kind reminder as the Lunar New Year approaches, which traditionally means production shutdown in many Asian countries, including China, for a few weeks. The entire industry must be aware and prepared to prevent delays, as most operations close, and employees generally return home for several weeks.

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.