Logistics News with TELS GLOBAL

Air Cargo Turnover Fell by 8% in 2022, and Will Continue Falling in the Next Year

Air Cargo Turnover Fell by 8% in 2022, and Will Continue Falling in the Next Year

Global air travel grew by 64.4% last year compared to 2021 (in revenue passenger-kilometers, RPK). At the same time, air travel remains down by 31.5% compared to pre-pandemic figures in 2019.

Global Container Shipping Market Contracting by Almost 4%

Global Container Shipping Market Contracting by Almost 4%

According to the Container Trade Statistics (CTS), the global container volumes decreased by 3.9% over the past year (down to 173.7 million TEUs), but remain 2% higher than the level of the “pre-corona crisis” 2019.

The IMF has improved its global economy forecasts

The IMF has improved its global economy forecasts

The International Monetary Fund increased its global GDP growth forecast for 2023 by 0.2 percentage points to 2.9% (in 2022, growth was 3.4%).

New Silk Road traffic to/from Europe decreased by 38%

New Silk Road traffic to/from Europe decreased by 38%

The decline in cargo volume is a result of the global energy and manufacturing crisis and China’s internal restrictions due to increase in COVID-19 cases.

Air freight down by 15% compared to January last year

Air freight down by 15% compared to January last year

According to Xeneta, air cargo rates as of mid-January of this year were on average 15% lower than at the beginning of last year, but continue to significantly exceed the level of pre-corona crisis 2019.

Consumer demand is changing globally, carriers are cancelling sailings

Consumer demand is changing globally, carriers are cancelling sailings

The increase in the number of cancelled sailings indicates a worrying trend in consumer demand, analysts anticipate.

Turkish feeder operators are gaining the lead in the Black Sea

Turkish feeder operators are gaining the lead in the Black Sea

Turkish feeder operators are stepping up market share in container shipping in the Black Sea, covering for the decline in activity of most line-haul operators.

Business security of TELS GLOBAL clients is well protected

Business security of TELS GLOBAL clients is well protected

In December 2022, TELS GLOBAL received the ISO 28000 certificate confirming the high level of security in the supply chain management.

Cargo Carriage Around Africa Becomes Cheaper Than Through the Suez Canal

Cargo Carriage Around Africa Becomes Cheaper Than Through the Suez Canal

Alphaliner estimates that the bunker cost for a through Rotterdam-Singapore voyage around the southern coast of Africa ranges from $390,000 to $440,000, and a passage through the Suez Canal costs about a million dollars for a Megamax vessel.

The Forecast for the World GDP is Again Revised Down, But the EU is Waiting for Improvements

The Forecast for the World GDP is Again Revised Down, But the EU is Waiting for Improvements

The World Bank has revised its global growth forecast to 1.7% in 2023 and 2.7% in 2024 instead of 3% for both years in the previous version.

Losses of air carriers, as well as the volume of cargo transportation will be cut

Losses of air carriers, as well as the volume of cargo transportation will be cut

According to the calculations of the International Air Transport Association (IATA), revenue from passenger traffic, according to the Association’s forecasts, will reach $438 billion in 2022, and will exceed $520 billion in 2023.

Terms of new long-term maritime contracts are reduced to less than six months on average

Terms of new long-term maritime contracts are reduced to less than six months on average

The average duration of new contracts has been declining since mid-2022. At its peak, in the second quarter, the average duration of new contracts was 12 months; in the fourth quarter, this figure dropped to 5.5 months.

The world’s biggest shipping lines acquire their own air fleet

The world’s biggest shipping lines acquire their own air fleet

Since 2021, a number of the biggest logistics companies specializing in sea and land transportation have begun to actively enter the cargo aircraft segment.

Deployed capacity will be too high for the “low season”

Deployed capacity will be too high for the “low season”

anish shipping data analysis company Sea-Intelligence estimates that deployed capacity on key Asian container export routes to Western consumer markets during the 2023 Chinese New Year season will exceed the levels of 2021, which was characterized by record high demand for transportation. A further drop in freight rates should be expected under these conditions.

Importers and manufactures are looking for solutions “closer to home”

Importers and manufactures are looking for solutions “closer to home”

Recent supply chain disruptions have led to a global trend of sourcing and moving production closer to home, according to the latest Reuters study “A generational shift in sourcing.”

China defuses anti-COVID measures

China defuses anti-COVID measures

The Chinese authorities have announced the most significant easing of lockdown measures since the beginning of the pandemic, introduced as part of a “zero-Covid” policy. The main principle for their introduction will now be the minimization of “high risk” areas, which are subject to the quarantine regime when coronavirus cases are detected: its extension to include entire districts and cities will now be considered redundant.

The year of 2023 to be “extremely challenging” for ocean shipping market

The year of 2023 to be “extremely challenging” for ocean shipping market

Sea and air freight analyst Xeneta predicts that 2023 will be “extremely challenging” for the ocean shipping market and “turbulent” for the air shipping market. The sea freight volume will be reduced by about 2.5%.

European rail carriers will raise rates by 20-50%

European rail carriers will raise rates by 20-50%

According to the Wirtschaftswoche German magazine, the DB Cargo, freight transport division of German national railway operator Deutsche Bahn, began to notify its customers in mid-November of an increase in rail freight rates starting from January 1, 2023.

ESG reporting will become mandatory for a wide range of companies in the EU

ESG reporting will become mandatory for a wide range of companies in the EU

The European Parliament has adopted the Corporate Sustainability Reporting Directive (CSRD), which will oblige a wider range of EU companies to disclose data on the social and environmental impacts of their activities.

The global economy will slow down, but with a different pace

The global economy will slow down, but with a different pace

Global economic growth will continue to slow down not only this year, but also next year, according to the Organization for Economic Co-operation and Development (OECD) Economic Outlook for 2023-24.