Newsletter – December 12, 2017
Slow progress of e-AWBs down to market growth
The slow growth of electronic air waybill (e-AWB) penetration in 2017 is down to the overall improvement in air cargo demand, according to IATA.
Each year the airline association sets a target for e-AWB penetration, which in 2017 was expected to be missed by a wide margin. Read more here.
Lack of airfreight space drives up “sky high” rates
Freight forwarders are continuing to report a lack of cargo space and “sky high rates”, while claiming that some shippers are turning to ocean transport to avoid delays.
According to the latest Freightos International Freight Index, the rush in demand for airfreight capacity has not abated, and shippers are turning to ocean shipping as an alternative. Read more here.
Air China starts thrice weekly non-stop Shenzhen to Los Angeles service
AIR China has commenced non-stop service between Shenzhen Bao’an International Airport and Los Angeles that is operated by a Boeing 787-9 Dreamliner aircraft. The new service reduces the journey time between Shenzhen and Los Angeles to 12 hours. Read more here.
Size isn’t everything when it comes to ports: Drewry
London, U.K. — Shippers looking for more direct calls in the third choice of export ports may do best to consider routing their cargo through smaller ports, rather than the largest container hubs. Read more here.
OCEAN FREIGHT UPDATES
Hapag-Lloyd incident at the Port of Shanghai
Hapag-Lloyd announced that that Seoul Express (voyage 055S) was involved in an incident shortly after departing Shanghai. Read more here.
Japanes corporate giants trial cross-border blockchain technology
A group comprising some of the largest corporations in Japan including Mitsui OSK Lines (MOL) are carrying out a demonstration test this month to verify the applicability of blockchain technology as a way to streamline and updgrade cross-border trade operations. Read more here.
Nobu Su takes to YouTu be to air claims of money laundering
Nobu Su, the fallen Taiwanese shipowner turned serial maritime inventor, has uploaded a short documentary to YouTube, available below, in which he alleges one of Taiwan’s top banks laundered money and was responsible for the dodwnfall of his shipping empire. Read more here.