Congestion at Chinese Airports Pushing Forwarders to Use Ocean Services

May 13, 2020

Shanghai airport’s “worst-ever” cargo backlog is slowly easing, but forwarders are still recommending shippers turn to expedited ocean freight.

A perfect storm of lack of uplift, the global rush to buy face masks and China’s crackdown on shoddy PPE, saw aircraft “flying out empty” over the country’s Labour Day holiday, forwarders told The Loadstar.

“Before the holiday [1-5 May], it was as bad as it could get,” said Stefan Holmqvist, MD of Norman Global Logistics (NGL) Hong Kong.

For the full story, please click HERE

Source: The Load Star

 

Will Ocean Carriers Scale Back Sailing Cancellations?

May 12, 2020

Container-liner schedules are about to provide a telling clue on U.S. cargo demand.

Arrival schedules for May and June are set. U.S. ports will see double-digit declines in inbound capacity. Whether carriers will keep “blanking” (canceling) sailings on the same scale into the third quarter remains unknown — but not for much longer.

If mass cancellations extend into July at elevated May-June levels, it means that carriers are not receiving enough bookings from shippers, implying a weak recovery after social distancing restrictions are lifted. If carriers move back in the direction of pre-coronavirus scheduling levels, it’s a positive signal on demand.

For the full story, please click HERE

Source: American Shipper

Feeder Operators Look to Downsize Fleets as Demand for Services Falls

May 12, 2020

North European feeder operators are downsizing their fleets to mitigate the impact of falling demand from ocean carrier customers.

One Hamburg-based broker told The Loadstar yesterday there were “very few extensions” being negotiated in the sector.

“Since the end of April, most of my discussions have been related to off-hire dates,” he said, “it’s not even about the daily hire rate as the feeder guys just do not have enough business coming through to justify the number of ships they are operating.”

For the full story, please click HERE

Source: The Load Star

Connected Worker Solution Enabling Business Continuity

May 12, 2020

Wood is adopting the Honeywell Forge Workforce Productivity connected worker solution to help improve decision-making, boost productivity and enhance safety for industrial workers.

Using hands-free devices and leveraging technology such as augmented reality, Honeywell Connected Worker’s intelligent wearables combine a heads-up display and voice control with sophisticated workflow software and deep integration of plant and process data. Honeywell is working with Wood to equip its frontline workforce in the energy industry with instant access to the crucial knowledge and information needed to streamline operations, ensure uptime and enable business continuity.

For the full story, please click HERE

Source: Industry Week

Air Freight Rate Increases Slow – and Even Reverse – as More Capacity Arrives

May 12, 2020

Air freight rates are finally stabilising, after weeks of rising at unprecedented levels.

Charter brokers and air freight rate indices are seeing increases slow – or even reverse – as more capacity comes into the market.

Freight Investor Services (FIS), using data from the TAC Index, revealed a 47-cent decline in Shanghai to Europe prices, Hong Kong to Europe has fallen by 18 cents, while China to Europe, overall, has fallen 32 cents.

For the full story, please click HERE

Source: The Load Star