FIATA AND MEMBERS
FMFF (Malaysia) – Customs Department can fight fraudulent forwarding agents by having a proper online payment system
The President of the Federation of Malaysian Freight Forwarders Alvin Chua said the falsification of Customs Official Receipt (COR) by syndicates can be prevented if there is an effective online system that allows customers to pay duties to the Customs Department.
“There are some black sheep in the industry falsifying documents, and cheating unsuspecting customers by making non-dutiable goods dutiable. This has been happening for many years,” said Chua.
For more details, please visit: https://www.thestar.com.my/news/nation/2017/11/13/go-online-to-stop-the-fakes-customs-dept-told/#zIVvhYWKWLx6mHZx.99
Global Sea Freight Forwarding Market Delivers Growth Opportunities at 2.5%
Market Research Hub (MRH) has added a new report titled "Global Sea Freight Forwarding Market Size, Status and Forecast 2018-2025", to its wide online database. This assessment talks about the global sea freight forwarding status together with future forecast and growth opportunities expected until 2025.
The overall market for sea freight forwarding is analyzed based on the different segments, which are enclosed in this report. According to research findings, the global sea freight forwarding market size in 2017 was recorded to be 66’300 million US$. This count is likely to reach 80’700 million US$ by the end of the forecast period, with a CAGR of 2.5% by the end of 2025.
For more details, please visit: http://www.digitaljournal.com/pr/4026793
China's exports to U.S. hit new record on 'pull forward' from tariffs
China’s imports into the U.S. hit a monthly record in September, with the fourth quarter setting up for more potential records. Along with container import and trucking demand data from U.S. import gateways, the trade figures show the first round of tariffs on $250 billion in Chinese goods have done little to dissuade U.S. customers.
Instead, they sparked a “pull forward” effect by shippers to beat deadlines for tariffs on Chinese goods. The effect has not been uniform across all imports, with only some segments showing unusual growth. But the effect could pick up speed though the rest of the year as higher tariffs start in 2019.
For more details, please visit: https://www.freightwaves.com/news/september-us-china-trade
Container-line transformation faces its biggest test from those paying the bills
Media reported that liner shipping firms are upgrading their offerings to attract the premium business needed to bolster the industry's anemic margins. Yet it is shippers, intermediaries, and beneficial cargo owners (BCOs) who will render the final judgment on the strategy, and the jury remains very much out.
Led by the Danish giant Maersk Line and French line CMA CGM, carriers are building end-to-end service portfolios that leverage their scheduled sailings. These initiatives come as liner operators posted modest operating earnings in 2017 that followed big losses in 2016. Volume growth has slowed this year due partly to fears, which seem to be becoming reality, of a trade war between the U.S. and China.
For more details, please visit: https://www.dcvelocity.com/articles/20181114-container-line-transformation-faces-its-biggest-test-from-those-paying-the-bills/
Hamad Port handles over 2 million containers, 5 million tonnes of cargo
The Ministry of Transport and Communications of Qatar yesterday celebrated the handling of over two million TEU (containers) and five million tonnes of cargo at Hamad Port until the end of October 2018.
This remarkable feat was achieved in record time with operations at Hamad Port since its launch in less than two years. A number of stakeholders and representatives from shipping lines, freight forwarders, and the wider maritime industry attended the event.
For more details, please visit: https://www.hellenicshippingnews.com/hamad-port-handles-over-2-million-containers-5-million-tonnes-of-cargo/
BSI and TT Club Issue Semi-Annual Global Cargo Theft Intelligence Report
Several key findings from the TT Club/BSI report highlight the severe impact which cargo theft has on global supply chains. As highlighted in the report, the Food and Beverage sector suffers from the highest rates of cargo crime across the globe, accounting for 27 percent of all incidents; whilst Consumer Products and Hi-Tech Electronics industries suffer high rates of cargo theft as well. Transport by road is the most often targeted mode for cargo crime across the globe, attributed to over 75% of all cargo theft incidents, with warehousing being the second most vulnerable target 19 percent.
Fixing Chicago's freight rail congestion
Chicago is America's busiest freight rail hub, but severe congestion has stakeholders investing in infrastructure and technological improvements. Six of North America’s major freight rail companies — BNSF, Canadian National, Canadian Pacific, CSX, Norfolk Southern and Union Pacific — are split among different regions, but they all converge in Chicago.
Two main remedies for the congestion problem are CIROC and CREATE:
The Chicago Integrated Rail Operations Center (CIROC) is a 24/7 nerve center that monitors both freight and passenger train operations and facilitates communication. The carriers’ employees at the center keep an eye on metrics including train schedules and routing, and they view rail tracks and real-time train flow via numerous cameras that stream video to shared screens inside the communications center. Carriers' employees collaborate to ensure efficient train movement throughout the metropolitan area and to prevent system clogging, especially during rush hour.
While CIROC deals with the operations side, the Chicago Region Environmental and Transportation Efficiency (CREATE) Program addresses the multimodal infrastructure improvements side. CREATE increases capacity, whereas CIROC facilitates the best use of the available capacity.
For more details, please visit: https://www.smartcitiesdive.com/news/fixing-chicagos-freight-rail-congestion/541075/
Air Cargo Forward Curve 12th November 2018
The air freight peak season is in full swing and about to get even busier with all the big e-commerce events taking place this month, including Singles’ Day, Black Friday, and Cyber Monday.
Industry sources say online global retail sales are expected to exceed $4.8 trillion by 2021 and e-commerce is the fastest-growing sector driving global air freight volumes.
For more details, please visit: https://www.ajot.com/news/air-cargo-forward-curve-12th-november-2018
E-air waybills will be the default, on 'feasible' tradelanes, rules IATA
The paper air waybill has been further pushed towards the history book following IATA’s decision to make e-air waybills (eAWBs) the “default” on feasible tradelanes.
From January 1, eAWBs will be normal practice and paper will be considered “non-standard”. IATA has struggled to promote eAWBs since enabling their use in 2010; since then, the industry has consistently missed its targets.
For more details, please visit: https://theloadstar.co.uk/e-air-waybills-will-default-feasable-tradelanes-rules-iata/
Heathrow's cargo community is cutting truck delays
Heathrow's cargo community is winning the battle against peak-time truck delays as the AIS (Advance Information System) gains traction among forwarders, cargo terminal operators and airlines at the UK airport.
Lack of on-airport truck parking, narrow approach roads and tight manoeuvring space for larger articulated vehicles frequently lead to long truck queues at Heathrow's 1960s-designed cargo area, backing up onto the airport’s perimeter road, meaning that trucks and drivers are delayed for hours.
For more details, please visit: https://www.aircargonews.net/news/airport/single-view/news/heathrows-cargo-community-is-cutting-truck-delays.html
Global freight forwarding growth only half as strong as last year
Transport Intelligence (Ti) has published a short update to its Global Freight Forwarding market report, following half-year figures for 2018. The data showed growth of 4.9%, year on year with air freight forwarding up 5.3% and sea freight rising 4.3% – perhaps better than some expected.
The numbers indicate full-year growth in the market of 4.1%, down considerably from last year’s 8% growth. But, as Ti notes, this is primarily due to the end of the global restocking cycle. This eventually will result in 2018 growth of 4.3% in air, 3.9% in sea and “a five-year real compound annual growth rate for the global forwarding market a healthy 4.6%”.
For more details, please visit: https://theloadstar.co.uk/2017s-impressive-freight-forwarding-growth-continuing-2018/
GRA revokes licences of 11 more freight forwarders
The Customs Division of the Ghana Revenue Authority has stepped up efforts to “sanitise” the freight forwarding business by revoking the licences of 11 more companies and blocking three others from operating for allegedly engaging in trade malpractices.
According to the Customs Division documents, copies of which were made available to the Daily Graphic, the alleged trade malpractices included rerouting of imports back into the country for home consumption, thereby denying the state the relevant duties.
For more details, please visit: https://www.graphic.com.gh/news/general-news/gra-revokes-licences-of-11-more-freight-forwarders.html
9 ocean carriers, terminal operators join new blockchain initiative to rival TradeLens
Nine major ocean carriers and terminal operators have agreed to develop a blockchain platform called the Global Shipping Business Network (GSBN), with the aim of increasing efficiency and transparency using distributed ledger technology, according to a press release.
The signatories to the formal statement of intent include COSCO Shipping Lines, CMA CGM, Evergreen Marine, OOCL, Yang Ming, DP World, Hutchison Ports, PSA International and Shanghai International Port.
For more details, please visit: https://www.supplychaindive.com/news/ocean-carriers-new-blockchain-cosco-cma-cgm/541630/
First In The World: CargoX’s Blockchain Platform Is Open for Business
CargoX is launching CargoX Smart B/L™ platform today. It is the first open, neutral blockchain platform in the shipping industry for real-world commercial use. Businesses of any size can use the platform.
Moreover, this innovative solution was recently selected as the winning innovation at the IRU World Congress among 77 startups after a presentation in front of over 1000 attendees from more than 60 countries.
For more details, please visit: https://www.hellenicshippingnews.com/first-in-the-world-cargoxs-blockchain-platform-is-open-for-business/