Newsletter – September 25, 2019
AIR FREIGHT UPDATES
How the aviation industry’s carbon offsetting scheme will workcbc.caInternational airlines are counting on a global carbon offsetting plan to cap CO2 emissions from air travel at 2020 levels, mitigating the environmental impact of flying even as passenger traffic is forecast to grow. Read more here.
New US tariffs to give air cargo a pre-peak boost?freightwaves.comThe introduction of new U.S. tariffs on Chinese exports could finally put airfreight markets on an upward trajectory ahead of the traditional peak season later in Q4 as shippers rush to beat the deadline. Read more here.
OCEAN FREIGHT UPDATES
New call to end shipping surcharges: ‘let’s follow Sri Lanka’s lead’theloadstar.comThe Global Sippers Forum has renewed its campaign to end the myriad shipping surcharges levied by shipping lines on customers.Speaking to The Loadstar shortly after the conclusion of its annual Global Shippers Forum gathering in London last week, chairman Sean van Dort described shipping surcharges as “a cancer in our industry, for which there appears to be no medicine”. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Row over subsidised e-commerce packages into the US faces crunch voteaircargonews.netA row about subsidised e-commerce packages may see US postal rates soar by up to 300% if a compromise cannot be reached tomorrow at a key vote of the Universal Postal Union (UPU).In August 2018, President Trump said that the US Postal Service (USPS) would quit the rate-setting UPU on October 17 if the thorny issue of the ‘terminal dues’ payment system between global post offices cannot be resolved. Read more here.
Trade forecast to continue to evolve despite disruptionslloydsloadinglist.comShipping has proven resilient amid the US-China trade war, with trade disruptions ending up being positive for the shipping industry as new trade patterns are established, according to OOIL deputy chief financial officer Michael Fitzgerald. Read more here.