Newsletter – March 14, 2019
AIR FREIGHT UPDATES
E-commerce: A gift from heaven for air cargo but challenges ahead
E-commerce is a gift from heaven for the air cargo sector but it faces several challenges if it is to capitalise on the opportunity it presents, according to speakers at the World Cargo Symposium. Read more here.
IATA hopes to make paying for cargo easier
PayCargo and IATA have established the IATA-PayCargo System to offer the air cargo industry “an advanced and efficient payment and settlement system.” Read more here.
Air freight must change: it’s not ready to meet the growing demands of e-commerce
The air freight industry needs to change dramatically as it undergoes a “paradigm shift” from the demands of e-commerce. Read more here.
OCEAN FREIGHT UPDATES
Largest box ship to call LA-LB ports to collect empty containers: report
THE largest container ship ever to call on the United States has arrived at the Ports of Los Angeles and Long Beach, part of a 2M alliance service offering. Read more here.
Fire-stricken Grimaldi ship sinks
The Grimalidi con-ro vessel Grande America, which caught fire off the coast of France on Sunday, has sunk, the company says. Read more here.
Robust performance from DP World, with new acquisitions ready to make their mark
DP World today reported a 4.2% increase in 2018 revenue, to $5.65bn across its global terminals.
The Dubai-headquartered terminal operator reported an adjusted ebitda of $2.8bn, giving it an equity margin of 49%. Read more here.
Installing scrubbers for IMO 2020 could cost carriers 200 teu per voyage
Scrubbers installed on ultra-large large container vessels (ULCVs) could take up “at least 200 teu” of container slots, according to Alphaliner. Read more here.