Newsletter – February 6, 2019
AIR FREIGHT UPDATES
European airports say declining freight volumes are “hard to ignore”
European airports saw freight traffic slow as 2018 drew to a close, with demand decreases registered in the last two months of the year. Read more here.
IATA: Softening demand in Q4 pulls down airfreight performance in 2018
The air cargo industry saw traffic increase by 3.5% in freight tonne km (FTK) terms last year as a softening in demand growth during the peak season dragged down performance. Read more here.
OCEAN FREIGHT UPDATES
Quick ocean freight recovery expected after Lunar New Year
Drewry expects a relatively quick recovery of the main global ocean freight markets after Chinese New Year, despite the risks of overcapacity and from continuing trade tensions, if carriers maintain a focus on capacity management and pricing discipline. Read more here.
Blockchain platform launches, aiming to take the strain out of letters of credit
Developers of a new blockchain platform believe their system can help tackle the 80% rate of data forgery plaguing the supply chain’s $2.3trn letters of credit (LC) market. Read more here.
Carriers in with a chance of surviving IMO 2020 if they ditch the ‘freebies’
Drewry is expecting “marginally higher contract rates, higher fuel charges and better carrier discipline” this year, with global freight rates up by about 6%. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
UN highlights winners in US-China trade war
The US-China trade war is creating a large group of beneficiary countries as importers seek alternative source countries to avoid tariffs, according to a new UN study. Read more here.
Food packaging and waste are the major issues for supply chains, says new report
Increased consumer awareness on the environmental impact of food packaging and food waste is creating a need for improved efficiency in the supply chain. Read more here.