Newsletter – March 26, 2018
AIR FREIGHT UPDATESTimber! cardboard cuts out weighty wooden palletssource: aircargonews.netGermany-based Trilatec has introduced a lightweight, 100% recycled cardboard alternative to traditional heavy timber pallets.“This is a revolution in the airfreight sector“, said Andreas Langemann from Trilatec, inventor and manufacturer of the novel transport system, adding that “initial experiences” with airlines have shown that 1,200 tons can be saved annually. Read more here.
Air cargo demand becomes harder to predict as retail evolvessource: shippingazette.comANALYSTS have sounded a warning that the lack of data on cross-border e-commerce shipments is making it harder to predict air freight demand.
They even warn of a slight slowdown in demand, although, its forecast to stay strong in the short term and the peaks are here to stay. Read more here
GROUND AND RAIL FREIGHT UPDATESCheerios maker General Mills blames regulators for truck shortagesource: shippingazette.comBREAKFAST cereal giant General Mills has cut its full-year profit outlook because of looming truck shortage, reports Bloomberg.
The maker of Cheerios suffered the worst plunge since mid-2015 after shipping costs slashed profits to their lowest in years. Read more here.
OCEAN FREIGHT UPDATESCheap charter rates give HMM’s new panamax service a competitive edgesource: theloadstar.co.ukWith Hyundai Merchant Marine (HMM) about to launch an Asia-North Europe service deploying panamax-size vessels, maritime consultant Drewry has debunked the theory that unit slot costs on bigger ships will always work out cheaper. Read more here (login required).
Yang Ming sails back into the black with a $500m improvementsource: theloadstar.co.ukTaiwanese carrier Yang Ming returned to the black in 2017, reporting increased revenues and volumes.It posted consolidated revenue of US$4.4bn, up 13.59% compared with the $3.88bn it earned in 2016, while volumes increased by 9% to 4.7m teu. Read more here
ONE, Yang Ming, OOCL to start extended intra-Asia loop April 11source: shippingazette.comTAIWAN’s Yang Ming, Hong Kong’s OOCL and ONE, the Japanese start-up will launch an intra-Asia service connecting South China and Japan with Singapore, Malaysia and Vietnam.
The JMV (Japan-Malaysia-Vietnam) service starts April 11 with the northbound sailing of the 2,811-TEU YM Elixir from Shenzhen-Shekou bound for Osaka, Kobe, Nagoya, Yokohama, Tokyo, Hong Kong, Singapore, Port Kelang, Singapore, Cai Mep, Shenzhen-Shekou, Hong Kong and back to Osaka. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATESUS-China trade war likely to hurt container shippingsource: lloydloadinglist.comUS president Donald Trump’s move to go ahead with proposed tariffs on steel and aluminium imports is likely to hurt global trade and subsequently the shipping sector, says BIMCO. Read more here.
US Customs struggles to position itself to handle the flood of e-commerce trafficsource: theloadstar.co.ukThe US Customs and Border Protection agency (CBP) is looking for a mix of data and dialogue to cope with the rising tide of e-commerce in illegal drug shipments and counterfeit goods.
In its battle against the rising tide, it will require new tools, the agency said as it officially unveiled an e-commerce strategy that identifies four broad goals. Read more here (login required)