Newsletter – April 24, 2018

  • 24

    Apr

    Newsletter – April 24, 2018

    AIR FREIGHT UPDATES

    Forward freight agreements could end risks from volatility in air freight market
    source: theloadstar.co.uk
    The air cargo market could see significant disruption in the way capacity is bought and sold with the launch of forward freight agreements (FFAs).
    Brokerage Freight Investor Services (FIS), working with the TAC Index, is offering airlines and forwarders a range of contracts that will help both sides manage risk and balance budgets. Read more here.
    Southwest Airlines Flight Cancellations To Continue
    source: news.airwise.com
    Southwest Airlines expects more flight cancellations this week as it continues inspections of Boeing 737 engines of the type involved in last week’s fatal incident.  Read more here.

    OCEAN FREIGHT UPDATES

    Ocean freight overcapacity fears ‘over-hyped’
    source: lloydsloadinglist.com
    Predictions in recent months that new containership deliveries this year would flood an ocean freight market already experiencing overcapacity were “over-hyped”, according to new analysis by Drewry, which now believes recent vessel delivery deferrals mean demand growth will slightly exceed new containership deliveries in 2018. Read more here.
    Maersk Honam finally arrives at port of refuge, but cannot berth
    source: theloadstar.co.uk
    The fire-stricken Maersk Honam has finally reached an anchorage point outside Jebel Ali Port, Dubai – but it could be weeks before the 15,262 teu vessel is allowed alongside.
    It will not be able to berth until surveyors are satisfied that all hot spots have been completely extinguished and that the ship has been stabilised.
    So it could be some time before the all-clear is given for the discharge of unaffected containers. [Excerpted from theloadstar.co.uk] Read more here. 
    Backing for FMC probe into controversial demurrage and detention charges
    source: theloadstar.co.uk
    No party in the sea freight supply chain wants to incur additional charges on a shipment caused by factors “outside of their control”, somebody has to pay: but who should it be?  Read more here.

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