Day June 5, 2024

No industry consensus on duration of Asia-Europe ocean disruption

The return of regular voyages to the Red Sea and Suez Canal will signal an end to the current disruption on the Asia-Europe trade lane, but there remains zero visibility about when that will happen. Source

Telemar opens new office in Spain

Telemar is establishing an office in Algeciras to further serve digital solutions for Telemar and Marlink clients. Source

Putzger Perspective: Air cargo’s Mexican wave

In May, Lufthansa Cargo announced plans to expand its footprint in Mexico the following month with the addition of Monterrey to its network, serving the Source

‘Highest bidder’ winning on Asia-Europe ocean trade as space, equipment shortages deepen

European importers are facing pandemic-era port congestion and soaring rate levels, with only the resumption of regular vessel transits through the Red Sea likely to address the growing supply chain disruption. Source

DP World aims for 40% rail freight share at Southampton by 2026

DP World is encouraging freight owners to move their products by rail from Southampton, removing thousands of vehicles… Source

E-commerce propels Hong Kong Air Cargo

E-commerce is thriving and serving as a growth accelerator for Hong Kong Air Cargo. Airlines are seeing their e-commerce business boom as shippers invest Source

Container market turn could keep capacity tight until October

The strength of bookings over the past month has surprised container lines executives, even when factoring some front-loading and replenishing inventories that are back to pre-pandemic levels, writes Journal of Commerce Executive Editor Mark Szakonyi. Source

US LTL providers adding trucks as they build out terminals

Earnings records show several big LTL carriers are expanding their tractor and trailer fleets in the post-Yellow market to keep pace with terminal expansion. Source

European container lines introduce Asia surcharges

Two major container shipping lines, Hapag-Lloyd and CMA CGM, have announced new Peak Season Surcharges for shipments originating from Asia. Source

FAA grants Amazon permission to fly drones beyond line of sight

The US Federal Aviation Administration (FAA) has given Amazon permission to operate parcel delivery drones beyond the visual line of sight (BVLOS). Until Source

China’s ports still lead performance rankings, while India’s move higher: CPPI

The fourth edition of the Container Port Performance Index shows some changes in the annual list’s middle tier as ports improve and new entrants make their mark. Source

CN analysis: Freight rate erosion on Indian trades continues as exporters bet on trade growth

Container freight rates on trades out of India have been unable to hold the rate gains they made from the Red Sea crisis. Source

Road feeder providers rally around demand

Road feeder services heavyweights Wallenborn and Jan de Rijk discuss how air cargo market trends are impacting the sector and why e-commerce has its Source

SEKO reinstated to US duty-free program, but still pursuing action against CBP

The forwarder says it has been “conditionally” restored to CBP’s so-called Type 86 program and has filed a complaint against the agency to get reinstated without conditions. Source

70% decline in annual ship losses over the past decade – Allianz

70% decline in annual ship losses over the past decade as per the Allianz Commercial Safety and Shipping Review 2024 Source

Demand fears put Europe’s emissions targets at risk: clean energy group

The huge investment required to produce green fuels for the shipping industry needs to be underpinned by certainty over demand, which suppliers are not yet seeing, according to the European climate activist Transport & Environment. Source

© 2024 Mekongzon | Trading Excellence.

Up ↑