Newsletter – December 21, 2018
AIR FREIGHT UPDATES
Gatwick Airport flights re-start after drone causes chaos
The UK’s Gatwick Airport said that flights were beginning to get underway this morning after drone activity caused the airport to close yesterday. Read more here.
Air freight returns to being a ‘buyers’ market
The current air freight peak season is modest in relation to the dizzy heights attained last year, a consequence of a decline in demand this summer which has led to the return of a ‘buyers’ market when it comes to rates, according to one forwarder. Read more here.
ABC embraces IoT with ULD tracking solution
AirBridgeCargo Airlines (ABC) has joined a small group of major air cargo carriers to embrace new-generation Bluetooth technology to enable full tracking and status updates of its pallets and containers, and thereby the cargo carried on or within them, via a partnership with leading global provider of outsourced Unit Load Device (ULD) management and repair solutions Unilode Aviation Solutions. Read more here.
OCEAN FREIGHT UPDATES
Box shipping faces turbulent start to new year
Container shipping faces “strong headwinds” in coming weeks as bunkers prices, low-sulphur regulations and the possible impact of the trade war between the US and China add to pressure on carriers, according to analysts. Read more here.
Congestion builds at US West Coast ports
Transpacific eastbound ocean spot rates have been in decline in recent weeks, but there are growing signs of a cargo build-up at US West Coast ports ahead of factory closures in Asia for Chinese New Year which starts 5 February next year. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
US confirms tariff increases on Chinese goods from March 2019
The US authorities have confirmed that the increases in tariffs on Chinese goods, initially scheduled to take effect from 1 January 2019, will now be implemented in March next year. Read more here.