Newsletter – July 2, 2021

AIR FREIGHT UPDATES

Breaking: Boeing 737 Comes Down In The Sea Near Honolulu

simpleflying.com
Breaking: It appears that a Boeing 737 carrying cargo has crashed into the sea just off the coast of Honolulu. The aircraft involved is a 46-year-old Boeing 737-200 cargo plane, registered as N810TA. It is operated by Rhoades Aviation in Transair colors. Initial reports suggest that the aircraft was safely ditched, with both pilots already rescued. Read more here.

Air cargo rates cool in June for summer slowdown

aircargonews.net
Air cargo rates settled down in June as the industry entered a seasonal slowdown in demand, but airlines and forwarders appear to be expecting a busy peak season.
The latest figures from the Baltic Exchange Air Freight Index (BAI) show that average prices from Hong Kong to North America in June fell to $7.89 per kg from $8.70 per kg in May.
From Hong Kong to Europe there was a drop off to $4.34 per kg from $4.73 per kg a month earlier. Frankfurt to North America saw a fall to $4.07 per kg from $4.41 per kg.
These declines are all in line with normal seasonal trends that see rates either ease off or remain fairly flat between the two months. Read more here.

Bolloré Logistics launches SAF programme

aircargonews.net
Bolloré Logistics has launched a Sustainable Aviation Fuel (SAF) that it claims can help customers reduce carbon emissions by 80%.
The AIRsaf programme is offered at cost price and can be used to one-off or regular shipments and also includes “environmentally responsible pre-carriage and post-carriage procedures”, as well as “management of reusable packaging for transportation”.
“SAF is currently the only effective solution when it comes to decarbonising air freight and enabling our customers to meet their emission reduction targets. We are actively working to expand our offer with as many airline companies as possible, to cover our entire network”, said Philippe de Crécy, vice president, airfreight Europe, Bolloré Logistics.
The forwarder added that it will also provide a certificate enabling the customer to prove its commitment to the environment. Read more here.

OCEAN FREIGHT UPDATES

‘Shippers paying thousands in ocean premiums even before peak season’

lloydsloadinglist.com
The Port of Yantian is now back operating at full capacity, but it will take weeks to clear the containers already at the southern China gateway as well as the backlog of exports waiting to ship from manufacturers in the region, according to the latest international freight update published earlier this week by digital rates specialist, Freightos, which incorporates the Freightos Baltic Index (FBX). Read more here.

Boxship sales double in H1, feeder prices quadruple in the space of one year

splash247.com
Secondhand deals for red-hot containerships have jumped more than 100% in the first half of the year, new data from BIMCO shows.
With charter and freight rates at record highs, liners have been scrambling for tonnage. Charter prices are increasingly onerous. Charter rates are currently 27% above the 2005 peak with three-year periods now the norm for vessels down to 2,500 teu and even five-year terms now being agreed for these smaller ships in recent days.
The stunning doubling of sales concluded in the opening six months also highlights shipping’s ability to asset play. Read more here.

Shipper anger and confusion as ‘opaque’ global D&D charges double

theloadstar.com
A doubling of detention and demurrage charges (D&D) during the pandemic has resulted in complaints across the US, Europe and Asia.
Some shippers claim they have been charged thousands of dollars, without really knowing why.
Contentious additional charges imposed by shipping lines are nothing new, but online firm Container Xchange’s recent survey has shone a light on the issue, showing an average increase in D&D charges of 104% over the past year.
One Asian shipper showed The Loadstar documents detailing charges of more than $12,000 in one case. Read more here.

GROUND AND RAIL FREIGHT UPDATES

Record heatwave across Pacific north-west disrupts air and road supply chains

theloadstar.com
Cherries are flying, but blueberries may not make it to the runway; animals are barred from lower decks, and truckers face detours to avoid warped roads.
The heatwave that has hit the Pacific north-west and western Canada has brought disruption to cargo.
This normally temperate region has been struggling as temperatures soar above the 40-degree celsius mark, with hundreds of deaths on both sides of the border.
Road surfaces have warped, and buckled in some places. A section of route 544 in Washington State had to be closed after the surface was declared unsafe and the Seattle Department of Transportation has been dousing the city’s three steel drawbridges to prevent the metal from over-expanding. Read more here.

INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

FIATA and PayCargo launch Freight-Pay

lloydsloadinglist.com
FIATA, in collaboration with financial technology company, PayCargo, has launched Freight-Pay – a custom platform developed for the freight forwarding federation’s members to facilitate online transactions between themselves, while benefitting from reduced transaction costs and heightened security features. The platform allows FIATA members to send and receive money to and from other members worldwide who have also joined the platform, and easily search through transactions, the Geneva-based industry body said in a statement. Read more here.