Newsletter – March 20, 2019
AIR FREIGHT UPDATES
Shippers rally to protect freighter slots
The Global Shippers’ Alliance (GSA) will put pressure on IATA to end its “detrimental to freighters” airport slots policy, one of a series of initiatives to speed up the airfreight supply chain, address growing e-commerce volumes and promote a “positive image” for air cargo. Read more here.
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.
Asian air cargo faces short-term turbulence
The Asian air cargo industry faces turbulence over the coming months, with predictions of further demand declines.
Speaking at the World Cargo Symposium, IATA chief economist Brian Pearce painted a bleak picture for air cargo in Asia over the next few months. Read more here.
OCEAN FREIGHT UPDATES
Wave of boxship fires highlights largescale problem with DG
The recent spate of container ship fires has understandably focused attention on container safety issues, with international transport and logistics insurer and safety campaigner TT Club highlighting the scale of the problem and how “wrongly classified, labelled, packed or simply inaccurately identified dangerous commodities bring the greatest potential risk of disaster”. Read more here.
East Coast ports highlighted in US budget proposal
The 2020 US budget plan proposal includes $268m in funding for deepening projects at two of the east coast’s largest container ports. Read more here.
Cosco enters Europe – Canada trades
Cosco, the world’s third’s largest containerline, continues to extend its global reach. The Chinese giant will enter the North Europe – Canada trade next month, co-loading on a weekly service operated jointly by MSC, Hapag-Lloyd and Cosco subsidiary, OOCL. The service, which turns in four weeks, uses four ships ranging in size from 2,800 to 4,800 teu. Read more here.