Sea-Air Services Make a Comeback, But Volatility and Uncertainty Lurk

May 19, 2020

The sea-air business via Dubai and Singapore is back up and running, as air freight rates continue to stabilise.

Aeromar Sea Air, which suspended its business in March when air freight rates skyrocketed in Asia as passenger aircraft stopped flying, said it was re-introducing services.

“We still have some limits on capacity, but there is enough to offer a professional service; so we are back,” said managing director Nick Coverdale.

“Rates are stable, in the context of the current market – although in normal, sane times they would be considered unstable. Nothing makes much sense at the moment.”

For the full story, please click HERE

Source: The Load Star

New UK Freight Ferry Port Passes Dress Rehearsal

May 18, 2020

Two of P&O’s chartered freight ferry fleet, the Bore Song and the Norstream, arrived at the new ro-ro terminal on the Thames on Sunday 17 May, where the port team carried out a full test of the marine facilities – including manoeuvring and tying up the ship to test the berth; lowering the ship’s ferry ramp to test the pontoon facilities; and carrying out a full risk assessment.

Port operator Forth Ports said the ship trial was “deemed a success with a smooth execution of all the test points being achieved”.

The ferry terminal, which is due to open next week, has a capacity of 500,000 units and will operate in partnership between the port and P&O Ferries, importing and exporting containers and trailers with food, drink, medicines and other vital supplies to and from Europe.

For the full story, please click HERE

Source: Lloyd’s Loading List

US Retailers Ready to Bury Peak Season Hopes, With no Sign of Quick Recovery

May 18, 2020

US retailers are losing hope of any recovery in the autumn, casting serious doubt on the summer peak season in the transpacific arena.

The latest instalment of Global Port Tracker (GPT), which is published on a monthly basis by the National Retail Federation (NRF) in collaboration with international trade consultancy Hackett Associates, predicts US imports to shrink in double digits from May through August, and for September it projects a 9.3% contraction.

The GPT forecast is for a 20.4% drop in imports for May, followed by declines of 18.6% in June, 19.3% in July and 12% in August.

For the full story, please click HERE

Source: The Load Star

Ports of Tacoma And Seattle See 23.5% Volume Drop

May 18, 2020

The Northwest Seaport Alliance (NWSA) handled 247,675 twenty-foot equivalent units (TEUs) in April, a 23.5% year-over-year decline in total container volume.

“The economic fallout from the COVID-19 pandemic continues to disrupt the global supply chain,” NWSA CEO John Wolfe said during a press conference Monday.

Empty containers moved plunged 38.3% year-over-year, from 276,731 TEUs in April 2019 to 170,622 TEUs this year. Full exports declined 17.6% year-over-year in April and full imports decreased 13.9%.

“During the first four months of 2020, we handled 1,036,556 TEUs. As a result, the total cargo volume is down 17.5% over last year through April,” Wolfe said.

For the full story, please click HERE

Source: American Shipper

China-Europe Rail Freight Services Buck Falling Volumes Trend

May 14, 2020

China-Europe rail freight is bucking the pandemic-wide trend of falling air and ocean volumes, boasting double-digit growth this year.

According to China Railway Group, 2,920 trains ran between January and April, carrying 262,000 teu, up 24% year on year. Last month alone, westbound volumes were up 58% and eastbound 29%, totalling 88,000 teu.

Duisport reported its weekly China trains for April had increased from the “normal” 35-40, to 50, following the end of the lockdowns in China.

For the full story, please click HERE

Source: The Load Star