Newsletter – April 10, 2018

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    Apr

    Newsletter – April 10, 2018

    AIR FREIGHT UPDATES

    ver.di trade union announced strikes for Tuesday, April 10th, 2018.
    source: Lufthansa
    The ver.di trade union has called for public sector strikes to take place on Tuesday, April 10th, 2018. These are likely to affect ground handling services at German airports, especially our hubs in Frankfurt and Munich. The Vienna hub is not affected by the strikes.
    The ver.di strikes are expected to impact cargo shipment handling. All Lufthansa Cargo staff are working very hard to keep the effects on our customers to a minimum.
    Lufthansa Cargo’s freighters will fly as scheduled as far as operationally possible.
    Our customers can get up-to-date information on the status of their shipments via the TrackIT system on our website (http://lufthansa-cargo.com).
    Top 20 cargo hubs saw volumes rise 6.8% in 2017
    source: aircargonews.net
    Air cargo volumes at the world’s 20 busiest airports grew 6.8% in 2017, with Hong Kong again the number one freight hub at more than 5m tonnes, a 9.4% year-on-year increase. Read more here
    Air cargo hubs saw volumes rise in 2017: ACI
    source: canadianshipper.com
    London, 9 U.K. – Demand has continued its robust year-on-year growth across the world’s major airports both in terms of passenger numbers and air cargo. Read more here. 

    OCEAN FREIGHT UPDATES

    Fire in the hold!
    source: lloydloadinglist.com
    Fire in the hold! It’s a frightening cry on any sort of sea-going craft. Perhaps more associated with the days of highly combustible wooden sailing ships or those powered by steam with enormous coal-fired furnaces, unfortunately the cry is too often heard on modern containerships as dangerous cargoes – not always declared or packed correctly and located on deck as well as in the hold – ignite to cause mayhem. Read more here.
    Computer says no. What are large containerships really worth?
    source: splash247.com
    An improvement in fundamentals rather than influx of new capital is behind the rise in boxship asset values, writes James Frew from Maritime Strategies International.  Read more here.

    HMM Finally Provides Details on 20-Ship Ordering Spree

    source: splash247.com
    In one of container shipping’s longer telegraphed orders, South Korea’s Hyundai Merchant Marine (HMM) has finally officially  announced it is proceeding with an order for twelve 20,000+ TEU ships adn eight 14,000 TEU ships, which will more than double its fleet size when they all deliver in 2020. Read more here.
    INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
    Fears of Amazon squeezing suppliers by raising fees to ship low-cost goods
    source: shippingazette.com
    AMAZON is striving to create more profitability out of online shopping orders in a push to curb shipment losses by blocking orders of low-priced items and raising shipping fees for consumer goods suppliers, Bloomberg reports. Read more here.

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