Newsletter – May 27, 2022

AIR FREIGHT UPDATES

FDA authorizes more baby formula imports as air cargo pipeline grows

freightwaves.com
The Food and Drug Administration on Thursday announced that an emergency shipment of baby formula equivalent to 5 million 8-ounce bottles — more than triple the amount delivered this week on the first two Operation Fly Formula flights — is being readied in Europe. Read more here.

OCEAN FREIGHT UPDATES

Freight Rates Begin to Rise as Shanghai Slowly Reopens for Business

theloadstar.com
Chinese forwarders are seeing freight rates rise as factories reopen and goods start to move. “Factories are reopening bunch by bunch, upon approval, in the areas around Shanghai,” confirmed one local forwarder.
One of the challenges has been haulage, but truck capacity is beginning to return as well, he added. “It’s possible to find more hauliers with a licence, but it is taking longer and prices are more expensive.” Read more here.

How war, shipping boom, China lockdowns impact Panama Canal

freightwaves.com
What’s the single most important concentration of infrastructure keeping America supplied with goods? The Los Angeles/Long Beach port complex, which handles around 40% of the country’s containerized imports. What’s the second most important? One could make a strong case for the expanded Panama Canal. Read more here.

Jam-packed sheds at Chittagong see LCL cargo stranded in port yards

theloadstar.com
Un-stuffing LCL (less-than-container load) boxes at Chittagong port has become impossible, it’s claimed, as sheds are jam-packed with cargo thanks to delayed deliveries.
Some 1,573 teu of LCL boxes have been waiting for days to be unloaded, while another 1,000 teu are onboard ships waiting at outer anchorage, according to a recent letter issued by the port authority. Read more here.

Anger as terminal operators impose new customs charge on UK imports

theloadstar.com
UK ports have begun charging “customs clearance fees” in what a source claims is an effort to recoup lost investment in border control posts due to delays to phytosanitary procedures.
Ports in London, Southampton, Teesport and Tilbury are levying the new fees, ranging from £17-£25 ($21-$31) per entry. Read more here.