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Welcome to Rhenus Monthly Market Intelligence! Check out the latest logistics news below:
OCEAN FREIGHT MARKET NEWS
// A. FEU rate development index (Source: FreightOs)
China/East Asia to Med (USD 12997/ FEU)
China/East Asia to North America WC (USD 20143/ FEU)
China/East Asia to North America EC (USD 21823/ FEU)
China/East Asia to North EU (USD 14378 FEU)
B. Container freight rates have stabilized after 22 consecutive weeks of rises based on Drewry’s World Container Index (WCI). (Source: Seatrade-Maritime)
C. Top 10: The busiest container port and terminal operators in the world. (Source: Container-news)
D. Busan New Port will build a dedicated feeder terminal as part of the development of its west container pier, expected to start operating by 2025. (Source: Container-news)
E. The “stratospheric” freight rates and shipping lines’ huge Q2 profits have been slammed by cargo owners, and a new report claims the carrier alliances are “suppressing” cargo. (Source: Theloadstar)
F. Hamburger Hafen und Logistik (HHLA) and Hong Kong-listed terminal operator Cosco Shipping Ports Limited (CSPL) have struck a deal that will see CSPL acquire a 35% stake in HHLA Container Terminal Tollerort (CTT), marking the first investment by a non-German operator into the country’s main container port. (Source: splash247)
G. Spot Market rate Predictions (Far East Asia Outbound)
AIR FREIGHT MARKET NEWS
A. In its latest monthly traffic update, the Hong Kong-hubbed Cathay Pacific said that ahead of what is expected to be a busy peak season – and on the back of a buoyant August – it had ramped up its freighter schedule and introduced two extra B777 freighter aircraft, bringing its fleet of passenger aircraft with seats removed to six. (Source: Aircargonews.net)
B. JD.com has teamed up with AeroTransCargo to launch regular freighter flights to the UK as part of efforts to meet growing cross-border e-commerce demand. AeroTransCargo of Moldova will fly three-times-per-week using a B747-400F between Hefei Xinqiao International Airport in Anhui province and Heathrow Airport in London on behalf of JD.com. (Source: Aircargonews.net)
C. Air Cargo Market Trends by WorldACD. (Source: Airfreight.news)
D. Hong Kong-based Asia Airfreight Terminal has received IATA CEIV Fresh certification. The certification confirms the terminal’s capability to handle temperature-sensitive perishable goods to IATA’s globally recognized standard. The company said it is investing in cold chain facilities that will support its CEIV Fresh, CEIV Pharma and WHO Good Distribution Practice (GDP) certifications. (Source: Aircargonews.net)
E. British Airways operated what was billed as a “carbon neutral” flight this week between London and Glasgow, as it tries to burnish its green credentials in the lead-in to next month’s COP26 climate summit in Scotland. While it was a lower-emissions flight, the attempt by IAG SA’s flagship airline to apply a zero-carbon label exposes the problems that the aviation industry faces in cutting emissions while also trying to meet demand set to resume following the coronavirus pandemic. (airfreight.news)
RAIL FREIGHT MARKET NEWS
A. Kazakhstan is building a new railway line on the Middle Corridor. It will run from Dostyk, near the Chinese border, to Moiynty, near the Caspian Sea. Construction has officially started, backed by a total investment amount of 1.69 billion Euro. The Middle Corridor should especially benefit the countries in Southeast Europe. (Source: railfreight.com)
B. 10,052 China-European Liner trains operated in the first eight months 2021, carrying 1,934,000 TEUs, an increase of 32% and 40% respectively year-on-year. 1,323 departures of China-Europe freight trains were operated in August, exceeding 1,300 trains for the fourth consecutive month, carrying 128,000 TEUs, an increase of 9% and 16% respectively year-on-year. To date, the Central European line has laid out 73 lines of operation, reaching 174 cities in 23 European countries. (Source: www.chinanews.com)
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