Newsletter: March 24, 2022

AIR FREIGHT UPDATES

What You Need To Know About IATA’s New CO2 Calculation Method

simpleflying.com
On Tuesday, the International Air Transport Association (IATA) announced the launch of its Recommended Practice Per-Passenger CO2 Calculation Methodology. This is the first tool of its kind developed by aviation industry actors and uses verified airline operational data to calculate and quantify CO2 emissions per passenger for a specific flight. Read more here. 

OCEAN FREIGHT UPDATES

Maersk-chartered ship spills boxes in the North Pacific

splash247.com
A Maersk-chartered ship lost an unspecified number of containers during stormy conditions on a Pacific voyage to the US on Monday.
The 4,506 teu Dyros, on charter from Costamare, ran into difficulties to the south of Russia’s Kamchatka peninsula. It has since continued on its voyage as planned to Seattle where it is due arrive on Sunday. Read more here.  

Congestion surges at Chinese ports amid Shanghai lockdowns and driver curbs

theloadstar.com
Amid “surging” port congestion across China, rising Covid cases and lockdowns in Shanghai have also caused additional cargo delays.
Some restrictions in Shenzhen were lifted this week, allowing factories to re-open ahead of schedule and help dampen the supply chain impact. Read more here (login required).

ONE plans to invest $20bn in new box ships and terminals by 2030

theloadstar.com
Pan-Japanese liner group ONE is to invest $20bn on new containership and terminal acquisitions over the next eight years.
At an online media conference today, CEO Jeremy Nixon (above) said 150,000 teu of newbuilding investments would be made annually, to 2030. Read more here (login required).

War and ‘lack of trust’ keeping shippers wary of long-term contracts

theloadstar.com
The appetite for long-term contracts, much desired by shipping lines, has waned with the onset of war – while long-term relationships with forwarders and carriers are also suffering from deep mistrust by shippers.
“The world is a lot more volatile today than it was a month ago,” explained Jeff Douville, director global logistics for Stanley Black & Decker. Read more here (login required).

GROUND AND RAIL FREIGHT UPDATES

Canadian Pacific Railway work stoppage ends with agreement to enter into binding arbitration

splash247.com
Canadian Pacific Railway and the Teamsters Canada Rail Conference (TCRC) – Train and Engine Negotiating Committee have agreed to enter into binding arbitration. Union members are to return to work on Tuesday at noon local time.
CP said it will immediately begin working with customers to resume normal train operations across Canada as quickly as possible. Read more here. 

Shippers want to make rail strikes impossible

insidelogistics.ca
Business groups advocating for rail to be declared an essential service in the wake of this week’s temporary work stoppage at Canadian Pacific Railway Ltd. say a “permanent solution” is needed to ease this country’s supply chain woes.
In an interview Wednesday, Fertilizer Canada president and chief executive Karen Proud said that since 2019, her industry has dealt with strikes at Canadian National Railway Co. and the Port of Montreal, in addition to the most recent labour dispute at CP. Read more here.