Newsletter – March 19, 2019
AIR FREIGHT UPDATES
No bellyache for freighters, the backbone of air cargo
Freighter aircraft will continue to play an important role in air cargo supply chains, despite the growth in big bellied passenger aircraft fleets, and will maintain a 50-50 market share versus below deck cargo. Read more here.
Hong Kong air cargo down 14.4% in February due to “unfavourable macroeconomic conditions”
Hong Kong International Airport (HKIA) saw cargo throughputs plunge 14.4% in February to 274,000 tonnes due to “unfavourable macroeconomic conditions”. Read more here.
‘Data is the new oil of the air cargo industry’, we must share it or get left behind
To provide integrated solutions to customers, the air cargo industry must become more collaborative and “stop passing the buck”.
Delegates at IATA’s WCS in Singapore last week heard from numerous panellists that collaborative data platforms would be transformational for the industry. Read more here.
OCEAN FREIGHT UPDATES
IMO 2020 fuel rules set to change ocean freight landscape
Next year will be a pivotal year for the container shipping market, with the imminent the IMO 2020 low-sulphur fuel deadline set to trigger more slow steaming and transhipment – and be potentially disastrous for some container lines if they fail to recover enough of their cost increases from customers, according to industry analyst Drewry. Read more here.
CMA CGM to trial biofuels for containerships
CMA CGM has entered a partnership to test and scale biofuel as a bunker fuel in yet another high-profile push for sustainable fuels amid pressure on shipping to decarbonise rapidly. Read more here.
Warning to shippers: more transhipment likely after IMO 2020
Analysts predict that the impact of IMO 2020 will mean slower ships and more transhipment.
This would be a further blow to shippers who also face additional costs to compensate carriers for using cleaner fuel from 1 January. Read more here.
Soft demand and falling rates push 2M to blank another Asia-USEC sailing
2M partners Maersk Line and MSC have announced plans to blank sailings between Asia and the US east coast, as carriers attempt to curtail an increasingly steep spot rate slide through restricting capacity. Read more here.
GROUND AND RAIL FREIGHT
Freight delays continue as French customs officers reject pay offer
French customs officers are continuing their work-to-rule at the port of Calais and at the Eurotunnel terminal today following the rejection by labour unions this morning of a pay increase offer that France’s government had offered to bring the industrial action to an end. Read more here.