Newsletter – December 4, 2018

AIR FREIGHT UPDATES

Air freight returns to modest growth

lloydsloadinglist.com
After recording a year on year (YoY) drop in September, air cargo volumes in October showed a small YoY increase of 2% worldwide, along with higher prices month on month (MoM) and YoY, data from WorldACD reveals. Read more here.

OCEAN FREIGHT UPDATES

HMM expected to part ways with 2M Alliance

businesskorea.co.kr
Hyundai Merchant Marine (HMM), Korea’s largest containers carrier, is considering joining a new ocean alliance when its ties with the 2M Alliance expire in April 2020, industry analysts say. Read more here. Hyundai Merchant Marine (HMM), Korea’s largest containers carrier, is considering joining a new ocean alliance when its ties with the 2M Alliance expire in April 2020, industry analysts say.

INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

GAC: Customs clearance times to be halved by 2021

chinadaily.com
The General Administration of Customs aims to cut average clearance times in half by the end of 2021, and implement more measures for speedier imports and exports, said an official on Friday.  Read more here. 

UK manufacturers stockpile goods ahead of Brexit

source: theguardian.com
Manufacturers are stockpiling goods ahead of March’s Brexit date as the prospect of queues at Britain’s ports grows more likely. Read more here. 

French freight sector counts cost of ‘gilet jaune’ disruptions

lloydsloadinglist.com
The ongoing protests in France against a proposed rise in fuel tax have so far inflicted operating losses of more than €400 million on the country’s road haulage and logistics firms, according to the main representative bodies in the sector. Read more here.