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Newsletter – January 28, 2019
AIR FREIGHT UPDATES
Global air cargo growth seen across airports
theloadstar.co.uk
Several airports have released their 2018 volumes over the past seven days, most seeing growth, some even breaking records, and leaving one feeling a bit left out. Air Cargo News reports Milan Malpensa’s volumes declined 3.2% over the course of 2018. Read more here.
OCEAN FREIGHT UPDATES
Hapag-Lloyd declares general average on burnt Yantian Express
splash24.7.com
Hapag-Lloyd has declared general average on its burnt-out 7,500 teu boxship, Yantian Express.
In an update to clients on Friday, the German carrier also revealed that the ship is now being towed to the Bahamas rather than the earlier stated destination of Halifax on Canada’s eastern seaboard. Read more here.
Weaker economic outlook set to hit air and ocean demand
lloydsloadinglist.com
Declining economic growth rates in China and the European Union will stifle growth in air and ocean trades this year, according to leading modal analysts. Read more here.
Blockchain evolution must focus on problem solving
splash247.com
Having been involved in the industry for over 18 years I have seen first-hand the problems that owners, operators and charterers face. Being involved in a software company I can also see that there are valid solutions available to us now in order to solve some of these problems. Read more here.
GROUND AND RAIL FREIGHT UPDATES
Booming e-commerce in Asia Pacific driving demand for larger trucks
theloadstar.co.uk
E-commerce is helping fuel a surge in demand for HGVs, the sector expecting global growth of more than 4% over the next eight years.
A survey by Fact MR found the logistics market represented the highest market share for HGVs. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Brexit puts squeeze on UK warehousing capacity
lloydsloadinglis.com
Capacity in the UK warehousing sector is becoming increasingly squeezed as firms take up space near major population centres where goods can be stockpiled in the event of a ‘no-deal’ Brexit and bottlenecks at the ports. Read more here.