NEWSLETTER
News & Media
1: In July, the Loadstar reported on the latest edition of project44’s Ocean Carrier Report, concluding that ocean carriers are resorting to more aggressive blanking strategies to manage a dip in demand and decreasing freight spot rates.
2: IATA’s reported that the easing of the COVID-19 Omicron restrictions in China helped to alleviate supply chain constraints and improve the performance of the air cargo market in May, with global demand 8.3% below May 2021 levels - an improvement on the year-on-year decline of 9.1% seen in April - whilst capacity was 2.7% above May 2021, which more than offset the 0.7% year-on-year drop in April.
3: The TT Club has used the IMO’s recently revised guidelines for the implementation of the inspection of cargo transport units (CTUs), which aims to help governments implement a uniform and safe inspection programme, to reiterate its call for increased inspections of all types of cargo, not just those declared dangerous.
4: Increased biosecurity risks, and delays for biosecurity clearance at the border are adding costs to already costly global supply chains and concerns have been raised that some of these new and emerging risks may take limited biosecurity resources away from business-as-usual trade facilitation activities, and lead to bigger delays for some importers at international borders.
5: According to Transport Intelligence, the global forwarding market exceeded pre-pandemic levels in 2021, but limited capacity and record-high freight rates present a challenging market. Ti predicts that the market will grow 5.7% in 2022, slowing to 3.7% by 2026.
6: July saw FIATA, the International Federation of Freight Forwarders Associations, make a further call on industry stakeholders and market regulators to take action to ensure a balanced and fair trading system within maritime supply chains.
7: The World Shipping Council (WSC) reported that during the last two years, container losses at sea have significantly increased with the average losses for the two year period 2020-2021 reaching 3,113 compared to 779 in the previous period, with the WSC saying that one of the most important reasons for this worrying spike is the unusually high number of weather-related incidents.
2: IATA’s reported that the easing of the COVID-19 Omicron restrictions in China helped to alleviate supply chain constraints and improve the performance of the air cargo market in May, with global demand 8.3% below May 2021 levels - an improvement on the year-on-year decline of 9.1% seen in April - whilst capacity was 2.7% above May 2021, which more than offset the 0.7% year-on-year drop in April.
3: The TT Club has used the IMO’s recently revised guidelines for the implementation of the inspection of cargo transport units (CTUs), which aims to help governments implement a uniform and safe inspection programme, to reiterate its call for increased inspections of all types of cargo, not just those declared dangerous.
4: Increased biosecurity risks, and delays for biosecurity clearance at the border are adding costs to already costly global supply chains and concerns have been raised that some of these new and emerging risks may take limited biosecurity resources away from business-as-usual trade facilitation activities, and lead to bigger delays for some importers at international borders.
5: According to Transport Intelligence, the global forwarding market exceeded pre-pandemic levels in 2021, but limited capacity and record-high freight rates present a challenging market. Ti predicts that the market will grow 5.7% in 2022, slowing to 3.7% by 2026.
6: July saw FIATA, the International Federation of Freight Forwarders Associations, make a further call on industry stakeholders and market regulators to take action to ensure a balanced and fair trading system within maritime supply chains.
7: The World Shipping Council (WSC) reported that during the last two years, container losses at sea have significantly increased with the average losses for the two year period 2020-2021 reaching 3,113 compared to 779 in the previous period, with the WSC saying that one of the most important reasons for this worrying spike is the unusually high number of weather-related incidents.
Follow us
