Newsletter – August 28, 2018
AIR FREIGHT UPDATESHainan Airlines launched its inaugural service between Shenzhen and Zurichaircargonews.netThe first non-stop service to connect China’s Guangzhou-Shenzhen area with Switzerland, it also represents Hainan Airline’s seventh intercontinental service originating at Shenzhen Bao’an International Airport. Read more here.
Asian cargo monthly: Mixed bag for airlines in Julyaircargonews.netAsian air cargo carriers reported mixed performance in July, with the majority of airlines seeing volumes track lower than earlier in the year.
The region’s largest air cargo carrier group, Cathay Pacific, saw traffic increase by 2.1% year on year in July to just over 1m revenue freight tonne kms, which lags behind its growth over the first seven months of the year of 6.4%. Read more here.
OCEAN FREIGHT UPDATESMaersk asks Brazilian shippers to stop overbooking spacesplash247.comMaersk has warned Brazilian shippers to stop overbooking slots as it is harming exports out of South America’s largest nation. Read more here.
Trade ‘jitters’ impact container port throughputlloydsloadinglist.comINCREASING trade tensions have contributed to a downturn in container port throughput in June, according to analysts at Drewry.Drewry’s Container Port Throughput Indices, which track volume movement based on monthly throughput data for a sample of more than 220 ports worldwide, showed a decline in June compared with a record the previous month. Read more here.
Conditions ripe for container shipping rates to spike, as utilisation levels riseseanews.com.trCONTAINER spot rates are expected to lift soon on the back of headhaul ships running full on the major tradelanes and cargo being rolled.One unnamed carrier source told UK’s The Loadstar that all but a few of the weaker Asia to Europe carriers were full, eastbound. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATESUS and Mexico reach a preliminary trade deal that could replace NAFTAcnn.com(CNN)The United States and Mexico have reached an agreement to change parts of NAFTA, the trade deal that President Donald Trump has derided for years as unfair.Trump announced the agreement from the Oval Office Monday, with Mexican President Enrique Peña Nieto dialed in on a conference call. Read more here.