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Logistics News with TELS GLOBAL
Global container ship order book sets a record
However, the record tonnage volume of container ships under construction does not mean a proportional increase in the cargo space offers.
China tightens the rules for transportation of dangerous cargo at Ningbo
Carriers and other stakeholders must file all mandatory documents 72 hours prior to the closure of declared vessel cut-offs for dangerous cargo gate-in.
Spanish lorry drivers plan a scheduled series of strikes
Spanish lorry and bus drivers will launch a series of strikes from 28 October to demand better retirement conditions due to the dangerous nature of their profession, was announced on Monday by Spain’s two largest unions.
EU mobility has been simplified, but not significantly
The European Union’s Court has annulled a provision of the EU Mobility Package requiring vehicles involved in international transport to return to the country of registration every eight weeks.
Sea and air transport in Europe to become more expensive due to environmental regulations
FuelEU will enter into force from 1 January 2025 obliging maritime carriers to reduce greenhouse gas emissions on routes within and to/from the EU.
China’s Manufacturing PMI hovers between contraction and expansion
Manufacturing output growth slowed for the fourth month in a row amid unclear prospects for external and domestic demand. In the coming months, the massive measures taken by the authorities to support the economy should boost domestic demand in China, but their potential effectiveness is still questionable.
China growth to slow, euro zone to improve: OECD forecasts global growth
The Organisation for Economic Cooperation and Development expects the world economy to grow 3.2% both this and next year, nudging up its 2024 forecast from 3.1% projected previously while leaving 2025 unchanged.
Euro zone business activity contracts in September
The preliminary euro zone composite Purchasing Managers’ Index (PMI), compiled by Hamburg Commercial Bank (HCOB) and S&P Global, reached an eight-month low of 48.9 from August’s 51.
New air freight route links China and Poland
Four to six flights per week will operate on the route starting in early October.
Germany’s border controls expose market operators to risks of losses
In addition to the controls already in place at the borders with Poland, Czechia, Austria, France, and Switzerland, inspections will also be introduced at the borders with Luxembourg, the Netherlands, Belgium, and Denmark.
Rail transit traffic along China – Europe – China route up by a factor of 1.9
Despite the rapid growth in traffic relative to last year, transit is far behind the level of 2021.
Container ship fires on the rise
International freight and logistics insurance provider TT Club has called for urgent action from all stakeholders to improve safety protocols for transporting hazardous goods.
Business insolvencies on the rise across Europe
Europe is experiencing a marked increase in the number of insolvencies in the transport sector. This trend is expected to persist until the end of 2024.
EU to invest in environmentally friendly transport projects
The European Commission has selected 134 projects in the transport sector to receive EUR 7 billion under the Connecting Europe Facility (CEF).
Euro zone factory activity mired in contraction in August
The slump in German manufacturing accelerated, while activity in France contracted at the fastest pace since January.
Number of long-term airfreight contracts is growing
The Xeneta’s report begins with global air cargo demand growing by 12% year-on-year over the first seven months of 2024. On the supply side, global air cargo capacity grew by 4% in the first seven months of 2024.
Linerlytica suggests that sea freight rates can drop by 70% over 12 months
The Shanghai Containerized Freight Index for Spot (SCFIS) has been on a downward trajectory since its peak in July, particularly concerning the US West Coast.
Reuters: Foreign airlines lose interest in China
Since the outbreak of the conflict in Ukraine in 2022, Chinese carriers have continued to take shorter northern routes to Europe and North America over Russia’s airspace, while this option has been unavailable for European airlines. Reuters notes that this has given Chinese airlines a cost advantage, allowing them to take a greater share of the international market.
Turkey overtakes Poland in investment attractiveness
To circumvent tougher tariff policies of the European Union, China’s electric car manufacturers are looking for alternative ways to gain access to the European market.
China–Europe rail container traffic grows at double-digit rates
In July this year, 1,776 container trains carried 185,000 TEU, the third month in a row when more than 1,700 trains were dispatched.