Newsletter – December 11, 2023

AIR FREIGHT UPDATES

GPS Is 30 Years Old: Here’s How It’s Changed Aviation
simpleflying.com
Modern technology has significantly changed the way pilots operate aircraft over the years. Perhaps the biggest adaptation of technology was the introduction of Global Positioning System (GPS) technology into aircraft. GPS systems within aircraft allow pilots to know exactly where they are located on Earth, and give air traffic controllers accurate locations of aircraft in their airspace. This contributes to the traffic flow management systems throughout the world and makes flying safer and more efficient. Read more here.

OCEAN FREIGHT UPDATES

Cyclone disrupts port operations along India’s east coast corridor
theloadstar.com
The flow of containers in and out of southern Indian ports has been severely disrupted by Cyclone Michaung, which caused widespread mayhem in and around Chennai this week.
Chennai, Kattupalli and Ennore, the three key container ports along the country’s east coast corridor, had to halt operations for three days. The state of Tamil Nadu bore the brunt of the adverse weather, which brought torrential rains and flooding in Chennai, turning highways into rivers and swamping rail lines. Read more here (login required).

Carriers force through rate hikes and prevent new ‘race to the bottom’
theloadstar.com
Ocean carriers are mostly holding the line on the huge mid-December and 1 January Asia-North Europe GRIs (general rate increases), and appear to have finally turned the corner with their rate restoration drive.
Encouraged somewhat by the carriers themselves, for the past few months several China-based forwarders have been undercutting agreed rates with the lines, in order to secure additional spot business. Read more here.

Shipping leaders set out plans to deliver on IMO emission targets
splash247.com
60 maritime organisations and government partners have agreed on a course to deliver on the International Maritime Organization (IMO)’s net zero targets by or around 2050 at Shaping the Future of Shipping, an event hosted by the International Chamber of Shipping and the government of the UAE on the sidelines of COP28 in Dubai. Read more here.

ONE launches new subsidiary in Japan
container-news.com
Ocean Network Express (ONE) has announced the establishment of a new subsidiary company, ONE DEJIMA CO.LTD. in Nagasaki, Japan.
ONE said this establishment was made possible with the support of Nagasaki Prefecture, Nagasaki City, Fukuoka Financial Group and the Juhachi-Shinwa Bank, Ltd. Read more here.