Newsletter – December 7, 2020

  • 07

    Dec

    Newsletter – December 7, 2020
    AIR FREIGHT UPDATES
    Hackers target COVID vaccine cold chain
    aircargoweek.com
    The BBC has reported that, according to IBM, the international vaccine supply chain has been targeted by cyber-espionage. The hacker’s identity is unclear but IBM believe the sophistication of the campaign, which targeted the cold chain, indicates the identity to be of a nation state. Read more here.
    IATA: Load factor reaches record high as capacity crunch continues
    aircargonews.net
    The latest air cargo figures from IATA show that demand continued to recover in October, although not as strongly as in September.
    Meanwhile, industry-wide load factor reached a record high in October as the capacity crunch, driven by significantly reduced passenger services and bellyhold capacity, continued. Read more here.
    OCEAN FREIGHT UPDATES
    China Says it is Taking Steps to Ease Shortage of Containers
    maritime-executive.com
    Responding to the ongoing reports of a shortage of containers and the shipping industry’s struggle to manage the supply of containers, China’s state-run media is reporting that China is taking steps to ease the shortage of containers. The officials cited a surge in China’s exports and the low turnaround rate of containers from aboard as the causes for the increased demand for containers. They also noted that it is the peak season for exports to Europe and the United States, which is also contributing to the shortage of containers. Read more here.
    Trans-Pacific box boom likely to last until March — or longer
    freigthwaves.com
    The thinking back in August and September was that trans-Pacific container volumes would fade after China’s Golden Week holiday in the first week of October. Volumes would still be solid through December, but they’d peak around that earlier holiday. Read more here.
    Why this box spill ought to spur change
    splash247.com
    Regarding the calamitous state of the containership ONE Apus pictured on Splash last week, the practice of loading containers far forward, and so high across the deck, is simply a matter of greed.
    The various elements in the industry set up to arbitrate losses proceeding from that greed, insurers and lawyers, can be left to clean up the legal and financial mess themselves. Read more here.
    GROUND AND RAIL FREIGHT UPDATES
    CP proposing multi-purpose logistics park
    insidelogistics.ca
    CALGARY – Canadian Pacific Railway Limited is proposing to build a multi-modal, multi-commodity transload and logistics facility next to its existing intermodal rail facility in Pitt Meadows, B.C.
    The proposed facility, named the CP Logistics Park: Vancouver, is in the early stages of design and is subject to regulatory approval prior to CP’s final investment decision. Read more here.
    INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
    New FIATA Best Practice Guide on Abandoned Goods
    fiata.com
    FIATA’s Advisory Body on Legal Matters (ABLM), together with the input of the Customs Affairs Institute (CAI), have put together a Best Practice Guide on Abandoned Goods. The guide provides information on how to reduce the risk of being left with abandoned goods, including practical tips on management control. In the unfortunate event that a freight forwarder is in a situation of abandoned goods, the best practice guide also puts forth considerations that may help forwarders to more effectively manage the situation and prevent costs from skyrocketing. Read more here.

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