Newsletter – September 18, 2018
AIR FREIGHT UPDATESTen years after, airfreight still feels the effects of the global financial crisisaircargonews.netA decade after the collapse of Lehman Brothers and the global financial crisis (GFC) that followed, airfreight volumes are still feeling the effect.IATA says that the 22% peak-to-trough decline in freight tonne kilometres (FTKs) during the GFC was almost twice as large as that seen in the previous freight downturn in the early-2000s. Read more here.
Lufthansa Cargo handles world’s first electronic dangerous goods declarationlloydsloadinglist.comLufthansa Cargo has handled the world’s first dangerous goods shipment to use an electronic Dangerous Goods Declaration (eDGD) using IATA’s new eDGD standard. Read more here.
OCEAN FREIGHT UPDATESMaersk warns customers they must help pay its bigger fuel bills after 2020theloadstar.co.ukFacing an extra fuel bill of more than $2bn a year, as a consequence of the IMO 0.5% sulphur cap from 2020, Maersk Line set to introduce a new bunker surcharge mechanism. Read more here (login required).
Cooking oil used in landmark container voyagesplash247.comUsed cooking oil has been used in a landmark container voyage. Organised by sustainalbe shipping initiative GoodShipping Program, 22,000 litres of hydrotreated vegetable oil was used on a voyage on the 800 ETU Samskip Endeavour ealier this month. Read more here.
Port of Colombo takes the crown as fastest growing among top world portsseanews.com.trSRI Lanka’s port of Colombo handled 3,415,298 TEU in the first half of the year, a year-on-year increase of 15.6 per cent that has made the gateway the fastest growing container port out of the world’s 30 largest ports, according to Alphaliner’s Monthly Monitor. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATESUS shippers hit out at latest round of US tariffsaircargonews.netThe National Retail Federation (NRF) has criticised the latest round of US tariffs on Chinese products, saying that American families will pay the bill.The new 10% tariff on $200bn worth of Chinese goods are likely to have more of an impact on airfreight than the two previous rounds as they will apply to products including handbags, luggage, electronics, foods, rice and textiles. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATESTIACA air freight conference to be held in Toronto from October 16-18seanews.com.trTHE International Air Cargo Association (TIACA) will hold its Air Cargo Forum and Exhibition 2018 in the Metro Toronto Convention Centre from October 16 to 18, the group announced. Read more here.