NEWSLETTER – OCTOBER 24, 2022

AIR FREIGHT UPDATES

Soft market conditions continue in air cargo

aircargonews.net
Soft market conditions continue in air cargo as trade worries, high inflation and new Covid lockdowns impact demand.
This week’s market round-ups from forwarders and analysts point to a weakening market in terms of demand, although rate declines have eased. Read more here.

OCEAN FREIGHT UPDATES

Another two-week strike starts at Liverpool port

splash247.com
Liverpool dockworkers are downing tools for another two weeks from today as a bitter pay dispute between Peel Ports and trade union Unite shows no sign of resolution.
Peel Ports chief operating officer David Huck commented: “It’s hugely disappointing that Unite has staged yet another outdated show-of-hands mass meeting which has, very predictably, failed to support our improved 11% pay offer. This is the highest percentage increase of any port group in the UK by far and would see average annual pay rise to £43,275 ($49,016).”  Read more here.

Euro ports brace for more throughput declines as carriers blank more sailings

theloadstar.com
The top North European container hub ports are seeing a considerable reduction in alliance calls from Asia, and so are bracing for a significant drop in throughput in the final quarter. Read more here (login required).

Ships’ scrubbers found to be significant source of water pollution

insidelogistics.ca
The Baltic Sea is considered one of the world’s most polluted seas. Now, new research from Chalmers University of Technology, Sweden, reveals a relatively unknown environmental culprit.
The study shows that the discharge water from ships’ exhaust gas treatment systems, so-called scrubbers, is responsible for up to nine percent of certain emissions of carcinogenic and environmentally harmful substances in the Baltic Sea, which is considerably more than was previously known. Furthermore, the number of ships equipped with scrubbers have tripled since the study was carried out. Read more here.

GROUD AND RAIL FREIGHT UPDATES

What are FMCSA’s top upcoming proposed

freightwaves.com
The U.S. Department of Transportation issued in September its latest Significant Rulemakings Report summarizing the status of such rulemakings for each of its agencies.
“Significant rules,” according to DOT, “are essentially those that are likely to have high benefits or costs or are potentially controversial.” Significant proposed or final rules issued by a DOT agency must also be reviewed by the secretary of transportation and the Office of Management and Budget before they can be issued. Read more here.