Newsletter – May 22, 2018
TIACA rebranding and new website
The International Air Cargo Association (TIACA) is rolling out a new look with a fresh logo and redesigned websites to “underpin its new vision supporting the development of an efficient, modern, and unified air cargo industry”. Read more here.
OCEAN FREIGHT UPDATES
Shippers advised to lock in sea freight rates now
Shippers should lock in container shipping rates now or face higher prices later this year, according to logistics investment analysts Stifel.
Based on conversations with Brian Nemeth and Henry Pringle of consulting group AlixPartners, Stifel said box rates were likely to trend upwards at some point later in the year despite being bearish for much of 2018 on major trades including Asia-Europe and the Asia-US West Coast. Read more here.
Will shippers abandon undamaged Maersk Honam boxes after more delay?
Although the fire-ravaged Maersk Honam is due to berth at Jebel Ali today, the discharge of its undamaged containers is likely to be further delayed.
Surveyors representing P&I clubs and local authorities will want to carry out detailed inspections. Read more here.
GROUND AND RAIL FREIGHT UPDATES
Border wait times in Windsor may increase due to redeployment of CBSA officers
A government request asking border officers to consider relocating to Quebec for the summer to help with an expected influx of asylum seekers from the U.S. has officials here worried there could be delays at the border. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
New association to help shippers use blockchain technology in supply chains
Blockchain in Transport Alliance (BiTA), the nascent North American association of transport and logistics companies looking to develop industry standards for the use of blockchain technology in logistics, yesterday launched a sister organisation for supply chain professionals. Read more here (login required).
Why we may escape a US-China trade war, but not turmoil in global trade
Neal Kimberley says on top of the economic uncertainty, rising oil prices, rising interest rates and a slowdown in Europe and Japan are creating conditions for a perfect storm. Economies should brace themselves for ill winds. Read more here.