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.
Recent developments in the Middle East continue to have a significant impact on the global logistics industry. The ongoing closure of the Strait of Hormuz, combined with prolonged regional instability, is driving up transportation costs, affecting carrier operations, and placing additional strain on international supply chains.
For many years, logistics was viewed primarily as a back-end support function. Today, amid increasing global trade volatility, logistics has become a strategic factor directly influencing business growth, risk management capability, and long-term competitiveness.
Amid ongoing global supply chain restructuring, Vietnam is emerging as a key manufacturing and sourcing hub in Asia. The “China+1” strategy and the need for risk diversification are driving multinational corporations to expand their presence in Vietnam.
On the occasion of International Children’s Day (June 1st), GLOTRANS offices and branches nationwide simultaneously organized a meaningful gift-giving program for the children of employees currently working at the Company.
With the mission of discovering next-generation talents and reinforcing its position as a leading logistics enterprise in digital transformation, Glotrans HCM officially joined the Technology Exhibition & Recruitment Day 2026 (HUTECH Job Fair 2026). The event took place in an energetic and dynamic atmosphere, attracting thousands of students majoring in Economics, Logistics, and Information Technology from Ho Chi Minh City University of Technology (HUTECH).
From May 19–22, 2026, GLOTRANS is honored to participate in the PPL Networks Conference, one of the world’s leading networking events for international Freight Forwarding and Logistics companies.
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.
