News

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.

Volatility and uncertainty are once again on the menu for shippers around the world. With the year of 2023 having marked a return to pre-pandemic schedule reliability, it is now apparent that we will enter 2024 with darker clouds on the horizon.

Decarbonising the supply chain is a joint effort. As a result of our long-standing partnership with MAN Energy Solutions (MAN ES) in Denmark, we have initiated a project to test and develop sustainable logistics solutions. The full project scope involves 100% ocean biofuel and trucks running on renewable diesel, HVO (Hydrotreated Vegetable Oil), ensuring approx. 85% reduction on the last-mile delivery. The business case will inform future co-led carbon-reducing initiatives.

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.

Several thousand books have been donated to create a new community children's library through a sponsorship event involving the Australian International School in Singapore, the Angkor Kids Center, and Scan Global Logistics. Now, these children have access to a world of knowledge, entertainment, and fun that they did not have before.

Global freight forwarder Scan Global Logistics (SGL) is pressing forward with its ambitious global growth strategy, entering South Korea as a new market acquiring ENK Logistics Co., Ltd (ENK), a trusted long-term partner since 2006. With this latest move, SGL now has a strong foothold in a country with a robust economy that relies heavily on foreign trade.

The concern for global warming and climate change has grown in recent years. The transport and logistics sector accounts for a significant share of global greenhouse gas (GHG) emissions, contributing to climate change.

The global logistics provider, Scan Global Logistics (SGL), strengthens its position within government and defence by acquiring Portuguese logistics company FLS (Freight & Logistics Solutions). Portugal is an important gateway to South America and regions in Africa and completes the SGL’s footprint on the Iberic Peninsula. With the acquisition of FLS, SGL is now represented in 49 countries worldwide.

As 2023 draws to a close, we wish to provide you with a fresh market update, providing both a current and future market outlook. Duration is 1 hour.