FIATA AND MEMBERS
“Young Logistics Program” to be held on 24th September during FIATA World Congress 2018 in Delhi
The Federation of Freight Forwarders’ Associations in India (FFFAI) will organize a “Young Logistics Program (YLP)” on September 24 during FIATA World Congress 2018 in New Delhi.
Tej Contractor, Executive Committee Member of FFFAI said, “The objective of YLP is to provide our youth with a global perspective of our industry at present and where it’s going to. Currently, disruption is the name of the game. At the YLP, we will showcase the disruptive technologies that have changed and will change our industry in the “Battle of the Start-ups” by presenting three leading start-ups in various fields.
For more details please visit:
BIFA calls for further clarification on possible ‘no deal’ Brexit
On 23 August the UK Government offered some thoughts on how British companies might continue to do business with Europe should no Brexit deal be reached by the European Union and British Government before the country’s exit from the EU scheduled for 29 March next year.
The British International Freight Association (BIFA), which seeks to represent the nation’s freight forwarding community, quickly made public its belief that much more detail is needed to be provided by the government as regards the eventuality of a no deal Brexit.
For more details please visit: https://www.aircargonews.net/news/freight-forwarder/single-view/news/bifa-calls-for-further-clarification-on-possible-no-deal-brexit.html
Cambodian Freight forwarders urged to embrace e-commerce
At an event organised by the Cambodia Freight Forwarders Association (CAMFFA) in Phnom Penh on 15 August, key players in the industry discussed the challenges and opportunities that local companies face. Sin Chanthy, president of CAMFFA, said embracing e-commerce is crucial to the survival of local freight forwarders.
For more details please visit: https://www.khmertimeskh.com/50523712/freight-forwarders-urged-to-embrace-e-commerce/
Nigerian freight forwarders seek stiff penalty for shipping lines
Nigerian Ports Authority (NPA) and Nigerian Shippers’ Council (NSC) have been urged to impose severe sanctions on shipping companies still using trucks as holding bays in Lagos. It was learnt that some shipping lines calling at the nation’s seaports have no functional empty container holding bays despite the government’s warnings and sanctions.
According to the Chairman of National Association of Government Approved Freight Forwarders (NAGAFF), Kirikiri Lighter Terminal chapter, Engr. Emmanuel Umeadi, some shipping lines had frustrated cargo shippment and other related activities in the country.
For more details please visit: https://newtelegraphonline.com/2018/08/freight-forwarder-seeks-stiff-penalty-for-shipping-lines/
Cargo rollovers cause difficulty on Transpacific
“There are increasing numbers of container rollovers on the transpacific,” Paul Tsui, managing director of Janel Group, told the media. “Most of the Beneficial Cargo Owners are having difficulty getting sufficient space from carriers and some customers are willing to pay premiums for the space to resolve the issue. We are talking about US$ 500-600 per container as a premium.”
Spot rates on Shanghai-New York surged by $227 to $3,429 per feu, up 7% compared to a week earlier, while rates from Shanghai to Los Angeles were up $45 to $2,196 per feu. Compared to a year earlier, spot rates on Shanghai-Los Angeles and Shanghai-New York services last week were up 33% and 29%, respectively.
For more details please visit: https://www.lloydsloadinglist.com/freight-directory/news/Cargo-rollovers-cause-chaos-on-Transpacific/72672.htm#.W4UHxOj7SF4
Maersk container ship sets new load record: 19,038 TEU
The ULCV Mumbai Maersk has broken the 19,000 TEU load mark, setting a new world record at 19,038 TEU. She achieved the new milestone at Tanjung Pelepas, Malaysia, then got under way for Europe. The 2018-built Mumbai Maersk is the firm's latest Triple-E class vessel, and has a nameplate capacity of 20,600 TEU.
The record-breaking load also marks a sign of strategic progress, Maersk said. Tanjung Pelepas is a high-productivity hub terminal, which also benefits Maersk Line.
For more details please visit: https://maritime-executive.com/article/maersk-container-ship-sets-new-load-record-19-038-teu#gs.OEATRIo
Europe’s smaller ports providing alternatives for shippers
Europe’s top ports continue to hog the headlines — positive and negative — but their smaller rivals are also busy, with a rash of recent deals suggesting shippers could soon have alternative routes for their imports and exports.
The leading container hubs still call the shots, thanks to the networks of the three powerful alliances — 2M, Ocean Alliance, and THE Alliance — which have consolidated and strengthened the dominance of the Le Havre-Hamburg port range with the top duo, Rotterdam and Antwerp, significantly increasing their traffic thanks to the economic revival across the continent.
For more details please visit:
Thai forwarders looking forward to a busy peak season as ocean trade builds
Freight forwarders in Thailand are preparing for a busy peak season for ocean shipments. According to Sam Loke, managing director of Pan Asia Logistics (Thailand), the market will soon start ramping-up. “Late August onward you start to feel the crunch in terms of space constraints on certain lanes,” he told The Loadstar.
“In Thailand, capacity is always short during the peak period. With Christmas coming, certain lanes become full and this cycle never changes, unfortunately, because buyers don’t want to stock up earlier. It’s just something we have to manage.”
For more details please visit: https://theloadstar.co.uk/thai-forwarders-looking-forward-busy-peak-season-ocean-trade-builds/
Moderate Freight Growth Continues in July, up 2.1%
International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 2.1% in July 2018, compared to the same period the year before. This was the slowest pace of growth seen since May 2016 and well below the five-year average growth rate of 5.1%.
Freight capacity, measured in available freight tonne kilometers (AFTKs), grew by 3.8% year-on-year in July 2018. This was the fourth time in five months that capacity growth outstripped demand growth.
For more details please visit: https://www.iata.org/pressroom/pr/Pages/2018-08-29-01.aspx
IRU: India steps-up trade ambitions with launch of TIR
India implemented TIR on 15th August, activating regional connectivity and advancing the country’s global trade prospects.
The implementation of TIR in India echoes the impressive developmental progress of the nation, with this latest milestone taking regional connectivity to the next level. It will be easier and more efficient to move cargo along multiple trade corridors, including the International North-South Transport Corridor (INSTC) via Iran.
For more details please visit: https://www.iru.org/resources/newsroom/india-steps-trade-ambitions-launch-tir
Alibaba made a driverless robot that runs 9 mph to deliver packages
Alibaba has just announced a couple of tech innovations that hint at a future with even more delivery conveniences. The company showed off a driverless delivery robot that will help ship goods purchased online to customers more conveniently and a storage locker with facial recognition that promises to keep food warm.
The robot is called the G Plus, and it’s currently being road-tested at Alibaba’s headquarters in Hangzhou, China. The G Plus robot can carry multiple packages of different sizes, and it has extended stamina to travel longer distances compared to its predecessors.
For more details please visit: https://www.theverge.com/circuitbreaker/2018/5/31/17413836/alibaba-driverless-robot-deliver-packages-speed
MercuryGate acquired by Summit Partners, eyes future growth
MercuryGate has seen significant growth over the years. In 2017, the MercuryGate Transport Management System (TMS) managed more than$70 billion of annual freight spend and supported more than 300 daily log-ins from 80 countries, according to company officials.
The company has long enjoyed a reputation as one of the most well rounded TMS providers, with a varied customer base comprised of shippers, 3PLs, freight forwarders, freight brokers, and carriers.
For more details please visit: https://www.logisticsmgmt.com/article/mercurygate_acquired_by_summit_partners_eyes_future_growth
Kenya’s first Blockchain cryptocurrency to be launched
Kenya is set to launch its first Blockchain cryptocurrency known as tmxglobalcoin.com coin.
Its developers believe that this technology will save the logistic business in Africa from the problems experienced in the import or export sector such as price hikes caused by value chain in the sector.
Speaking to Kenya Media news agency, Nation.co.ke, the CEO of TMX Anthony Njoroge said that among the complains they get in the import and export industry include loss of property during the process of importation and they hope the Blockchain technology will enhance the way traders do business.
For more details please visit:
Uber Freight app now caters for shippers
Uber has announced that its Uber Freight unit has launched a platform that gives shippers of all sizes a direct connection to its road haulier and driver network, enabling them to see instant upfront load pricing, tender a load with only a few clicks and track shipments from start to finish.
Earlier this month, Uber announced the spin-off of Uber Freight into a separate business unit, in order to accelerate its development, while also withdrawing from the development of its self-driving truck programme.
For more details please visit:
Improving trade facilitation
Trade is a key driver of economic growth in ASEAN and is also key to deeper regional integration. Reducing the cost of trade is essential for countries to effectively use trade as an engine of growth and sustainable development.
Over the past decade, much of the reductions in trade costs were achieved through the elimination or reduction of tariffs. ASEAN has done well in eliminating 98.64 per cent of all tariffs in the region. Further reductions will now have to come from tackling non-tariff sources of trade costs, such as unnecessarily cumbersome customs and documentation procedures.
For more details, please visit:
WCO publishes new guides supporting the implementation of AEO programmes and MRAs
The WCO has published two key documents that will provide detailed guidance and further support for the implementation of Authorized Economic Operator (AEO) programmes and their complementary Mutual Recognition Arrangements/Agreements (MRAs) in a more effective and harmonized manner globally: the Customs AEO Validator Guide and the MRA Strategy Guide. The Customs AEO Validator Guide is primarily intended to build capacities in Customs administrations with regard to the AEO validation process, in particular the validation of security related provisions and management policies. For more details, please visit: http://www.wcoomd.org/en/media/newsroom/2018/august/wco-publishes-new-guides-supporting-the-implementation-of-aeo-programmes-and-mras.aspx
Freight Forwarding and Logistics Business Summit to be Held In Nairobi In September
The Freight Forwarding and Logistics Business Summit will be hosted in Nairobi on September 13 and 14.
The summit will bring together over 180 delegates from the East African Community to discuss matters affecting the trade system the region.
The conference will bring stakeholders from International and domestic participants from logistics business, warehousing, transport and fleet management and insurance companies
This comes at a time that the government has been on the forefront on the fight against counterfeit goods and has promised to destroy counterfeited and contraband goods.
For more details please visit: https://www.kahawatungu.com/2018/08/25/freight-forwarding-logistics-business-summit-held-nairobi-september/