Newsletter – February 1, 2018
AIR FREIGHT UPDATES
Balancing capacity and demand?— TIACA ?looks ahead to 2018
TIACA chairman Sebastiaan Scholte has presented his New Year outlook for 2018 which sees continued revenue growth as e-commerce drives volumes.
He also observes that, while perishables and pharma products have lagged behind other airfreight sectors, they both retain a stable growth profile because future demand for them is based mainly on demographics rather than economics. Read more here.
Airbus A321LR Completes Maiden Flight
Airbus on Wednesday completed the first flight of the A321LR, a longer range version of the single-aisle A321neo jet.
The maiden flight took off from Airbus Hamburg at 11:06 local time and lasted 2 hours and 36 minutes.
Read more here.
OCEAN FREIGHT UPDATES
ONE begins taking bookings
Japanese joint venture Ocean Network Express (ONE) today began accepting bookings for its container shipping service, on a phased basis.
The joint venture of Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K. Lines (MOL), and Nippon Yusen Kabushiki Kaisha (NYK) is set to start its business operations on 1 April. Read more here.
Container shipping’s first dedicated crypto currency
The first-stage rollout of a new blockchain application designed to streamline the container shipping booking system is scheduled to start today.
300cubits, a start-up established last July, pledged to distribute its own dedicated crypto-currency in the form of free TEU tokens to industry participants including leading forwarders from 1 February. Read more here.
Jawaharlal Nehru’s Fourth Container Terminal Almost Open
The first vessel, CMA CGM ‘Centaurus’, will arrive at India’s largest container gateway, an owned subsidiary of PSA International (PSA), on February 2, 2018, with a formal inauguration ceremony due later that month.
On January 29, BMCT received its first container arriving by road during a gate opening ceremony. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Why cutting spending on your supply chain will cost you more money
Last month, UK budget retail firm Poundstretcher was fined £1m because of the “chaotic” working conditions in its warehouses.
Items were stored badly across the warehouse, something likely generated from years of neglect and a short-term savings approach to warehouse work. Read more here (login required).