Newsletter – August 6, 2018

AIR FREIGHT UPDATES

Sniffer dogs are straining at the leash to reinforce air cargo security in the US.

source: theloadstar.co.uk
On the other hand, the dearth of funding for the Transportation Security Agency (TSA) is about to make life more difficult for forwarders, as the agency’s interface will no longer support a range of web browsers for access. Read more here

Air cargo peak season capacity to match demand: industry players

source: seanews.com.tr
THE air cargo market is better prepared to handle the expected strong demand during the peak season and avoid the chronic space constraints that sent freight rates sky high in late 2017 and in the run up to the Chinese New Year factory shutdowns.
This is the general view of air cargo industry associations, and it may go some way to alleviate concerns by shippers hurt by a lack of space last year, which saw cargo facing lengthy delays getting out of China and through Asia’s freight hub airports, according to IHS Media. Read more here.

OCEAN FREIGHT UPDATES

CMA CGM’s new mega box ship bow design lends to slow-steaming strategy

source: seanews.com.tr
THE hulls of the first two ships of CMA CGM’s US$1.2 billion order for nine 22,500 TEU liquefied natural gas-powered containerships will be the first to feature a vertical stem design for their ‘bulbless’ bows as the French carrier commits its future to slow-steaming.
These giant ships that are under construction at Hudong Zhonghua Shipyard in China will be among the world’s largest box ships afloat and the first to extend to 24 containers across the weather deck. Read more here.

New app for container damage liability launched
source:canadianshipper.com
Henderson, NV — PEIR (Photographic Equipment Interchange Receipt) announced the launch of its new app that helps the transportation, logistics and shipping industries better assign costs based on responsibility for damaged shipping containers and trailers. Read more here.

INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

US is winning the trade war, and Chinese growth falling to 5 per cent will be the proof

source: scmp.com
China has its work cut out to keep economic growth motoring above 5 per cent over the next few years. It is no good looking askance to the United States, where growth is steaming along, and hoping continued global recovery acts as a boiler-room for faster economic expansion. The status quo is changing and the heyday of easy global pickings is over. The threat of an all-out trade war with the US, slower global growth and an imminent end to world super-stimulus raises the odds that China’s growth rate is already grinding to a much slower pace than Beijing would like. Read more here.