Newsletter – November 5, 2018

AIR FREIGHT UPDATES

Need for speed: Shippers want the air cargo industry to move more quickly

aircargonew.net
The chairman of the Global Shippers’ Forum (GSF) has called on the air cargo industry to strive for faster supply chains in order to make the most of the opportunity presented by e-commerce.  Read more here.

OCEAN FREIGHT UPDATES

More blanked sailings on the cards as carriers fail to lift Asia-Europe spot rates

theloadstar.co.uk
Despite blanking 11 sailings this month, carriers have so far failed in their efforts to lift freight rates between Asia and North Europe.
And with bunker prices some 40% higher than a year ago, the tradelane is in potentially sub-economic territory. Read more here.

Mega ship deliveries widen supply-demand gap, weakening growth

seanews.com.tr
THE gap between supply and demand in the container shipping industry has widened following the delivery of additional ultra-large container vessels in October amid weak growth and the lowest level of containership scrapping since 2008. Read more here.

Maersk Line announces United States and Canada Inland Fuel Surcharge

ajot.com
Effective December 1, 2018, an Inland Fuel Surcharge (IFS/EFS) will be applicable to/from all U.S. and Canada inland location in the amount of $20 USD for every $0.10 USD incremental increase above the baseline fuel retail price of $3.20 USD per gallon. Read more here.

Three vessels collide at Kahosiung Port

splash247.com
Two tankers and one containership were involved in a collision incident at Kaohsiung Port on Saturday.
According to local reports, the incident happened w hen the 6,500 dwt chemical tanker Der Yun was moving from one berth to another and the ship collided with as small oil tanker Kin Shing, which was leaving the port. Read more here.

INTERNATIONAL

NAFTA 2.0 could draw some jobs back to US, but at what cost?

canadianshipper.com
Washington, DC — President Donald Trump insists his new North American trade deal will deliver a victory for U.S. factory workers by returning many high-paying jobs to the United States. Read more here.