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Newsletter – December 8, 2020
AIR FREIGHT UPDATES
Air cargo sector shoots toward 2021 recovery
freightwaves.comWhile passenger airlines are struggling to survive, the air cargo market is poised to recover to pre-crisis levels in 2021 on the strength of a strong rebound in international trade and huge growth in e-commerce, according to the International Air Transport Association. Read more here.
OCEAN FREIGHT UPDATES
Equipment and capacity squeeze sees South China cargo bookings suspended
theloadstar.comShipping lines have announced the temporary suspension of cargo bookings into South China next month, blaming reduced capacity from local feeder operators.The move has prompted dismay among local forwarders who have warned customers “not to hesitate” to take any chance of booking cargo prior to Chinese New Year, which falls on 12 February. Read more here.
Cargo owners bearing the costs of current container congestion
lloydsloadinglist.comCargo owners are bearing most of the cost burden of the current congestion crisis that is affecting multiple container ports around the world – including loss of business as well as additional costs – with the ports themselves unlikely to suffer any significant long-term consequences, according to analysis by Drewry. Read more here.
Chinese New Year will mark the end of container sector’s ‘bull run’
theloadstar.comAs Christmas nears and shippers and their forwarders across Europe and North America continue to face a widespread shortage of containers, port congestion issues, reduced vessel capacity and soaring prices, the question on everyone’s lips is when the container industry’s current bull run will end. Read more here (login required),
GSF backs India’s call for return to ‘all-inclusive’ ocean freight rates
theloadstar.comThe Global Shippers’ Forum (GSF) is backing India’s push for “all-inclusive” ocean freight rates, claiming carrier surcharges disproportionately impact cargo owners in developing countries.Last week, Indian carriers and forwarders criticised the government’s plan to remove carriers’ ability to levy surcharges, arguing it would be unlikely to reduce costs and could put local exporters at a competitive disadvantage. Read more here.
ONE Apus back in Japan after record loss of containers in heavy weather
theloadstar.comThe 14,000 teu ONE Apus, which suffered a massive container stack collapse en route to Long Beach last week, today berthed at the Japanese port of Kobe.The line confirmed yesterday that 1,816 boxes had been lost overboard, including 64 dangerous goods (DG) boxes when the vessel encountered heavy weather near Hawaii on 30 November. Read more here.
Port of Montreal Intermodal Scorecard
port-montreal.comView the report here.