Demand for space on vessels from China continues its seasonal decline, apprarently prompting carriers to consider cancelling further voyages without notice.
Shippers using Hong Kong International Airport (HKIA) could experience cost increases and delays, after the worldʼs busiest air cargo hub begins the phased introduction of X-ray screening of air freight shipments.
Shippers from China still have no real insight of expected surcharge levels, as low-sulphur fuel prices emerge from the limited bunkering available in some hub ports, suggesting a premium of more than 30% over heavy fuel oil.
Carriers have been announcing more blank sailings on the Asia-North Europe trade as slowing demand threatens to pull down rate levels.
The Civil Aviation Authority of Singapore (CAAS) selected and funded TUMCREATE to develop robot technology that can address the high-mix, high-volume issues of air cargo experienced at Changi.
CSCL Jupiter’s sailing schedule is expected to be delayed by about a week after collision in Vietnam, left the vessel with damage to its hull which will need repair. There is no NGL freight on the vessel.
The UK and China have had a strong economic relationship for a long time, with the UK Department of Trade reporting that UK exports to China grew by 15.3% in 2018.
Amid the US-China trade war, China has recorded 6.7 billion tons of cargo output in the first sixth month of the year, an increase of 4.5% compared to 2018.
The EU has concluded a free trade agreement with Vietnam, which includes tariff reduction for almost 99% of products.
On the 20th of July, MSC Gulsun, the world’s largest container vessel docked at the world’s largest container terminal, Yangshan Deep-Water Port in Shanghai. The ship arrived in Europe on the 19th August after completing its landmark maiden voyage from the north of China.