NEWS\\\ >> 2


demand, which is contributing


to the high rates being reported in the market,” said Niall van de Wouw, Managing Director of CLIVE Data Services. He added: “Airlines operating ‘preighter’ services need these rates in order to operate cargo- only operations because the margins on these services are very thin.” China to Europe volumes


were 18% higher in April 2021 than in 2019, with load factors ex China at 95% or ‘completely full’, he said. Despite a 10% drop in volumes from Europe to North America compared to 2019, CLIVE’s latest data also shows the fall in capacity of around 40% on this lane, resulting


in a dynamic


loadfactor at 87%, 21% pts higher than in 2019. The decline in North America to Europe volumes is less pronounced at -4% versus 2019, producing a load factor of 69% or 19% points higher than in 2019. TAC Index data for April


Issue 5 2021 - FBJNA


shows the impact of the volume vs.


capacity conundrum on


airfreight rates. Gareth Sinclair of TAC Index


commented: “There has been a big bounce back from the slowdown we saw in March with prices strengthening, driven by demand outstripping capacity in


several markets,


with some lanes recording higher pricing levels versus the highs seen in 2020. The BAI (Baltic Air Freight Indices) increased


by almost 17%


in April over March largely driven by China (HKG & PVG) with growth around 30% but London Heathrow also saw an improvement on 3 out of 4 indices although at more modest levels (~3%) building on similar growth levels in March. Frankfurt, Chicago and Singapore origins all saw declines over March levels. There continues to be a dynamic market environment with operational crewing and permits continuing to impact some carrier operations.”


TAC Index says the


differences by market can be seen in the performance of the China and Hong Kong markets, which continued to lead the way in terms of price strength, whilst the US and Europe saw a more volatile and mixed picture in April: • CN/HK – US: April ended


on the highest rate this year of USD8.56 or +60% vs. March, with continuous week-on- week increases since Feb 22nd. Prices are up 8% versus last year and 153% higher versus 2019. HKG-US is exceptionally strong with the highest rate of the year at USD8.65 compared to USD4.91 on March 1st and is approaching the highest level seen last year of $8.81 in May as market capacity tightens. The April price is up 29% on the same period last year and +153% over 2019. • CN/HK – EUR: The latest USD


rate of $4.89 is approaching the 2021 high of $4.96 aſter week- on-week improvements since Feb 22nd but is down 31% on


2020 levels (+92% versus 2019). • US – EUR: The USD


rate finished the month at $1.74, a good week-on-week improvement aſter 4 weeks of decline from this year’s high of $2.13 on March 22nd. • EUR – US: This market


continues to be volatile with big variances on a slightly slowing downward trend since the beginning of the year. LHR saw a positive performance in April versus March whilst FRA was negative. “In summary, the airfreight


market continues to be strong, particularly CN/HK to US, and may continue, at least in the short term, with demand strengthening as countries relax lockdowns and subdued passenger travel continues to impact capacity. With the easing of Hong Kong quarantine rules for crew, Cathay Pacific, for example, are looking to restore their full market presence as soon as possible, which may dampen pricing,” Gareth Sinclair said.


US maritime imports. In 2020, the US saw a 24.6% increase in the volume of exports from Vietnam. This increase in the volume


Descartes Datamyne recently released its annual 2021 US Ports Report. Ranking the Top 30 US maritime ports by import volumes (in TEUs) and value, the report offers a closer look at 2020 data and overall


COVID-19 on each of the Top 30 ports. Here are a few top-line


findings: Overall, US maritime import


trends in US imports,


the impact of trade policy and tariff changes, supply chain and sourcing shiſts, and provides an overview of the trade impact of


volume as measured by TEUs increased in 2020 compared to 2019 by 2.9%. This stems from sizable increases in total volume imported from Asia. China, the top country of origin for US maritime imports,


increased its total volume of TEUs exported to the U.S. by 2.3%, South Korea by 4.9%, and Taiwan by 5.5%. One of the highlight points


for US supply chains has been the emergence of Vietnam as a top supplier of US maritime importers. Since 2017, Vietnam has increased its share of the US market by 3% and now accounts for 7.6% of the volume of all


of imports has not resulted in an increase in the value of imports into the US In fact, the value of maritime imports into the US, derived from Census data, has fallen by more than $120 billion, or 10.8%. The Port of L.A. ranked #1


on the list at 4.8M TEUs, Long Beach, CA ranked #2 at 4.04M TEUs and New York/Newark fell to #3 at 3.89M TEUs


DSV to become world’s largest forwarder with Agility acquisition


Agility and DSV have reached an agreement that DSV will acquire Agility’s stand-alone GIL business in an all-share transaction. The combination of DSV and GIL will


fortify


DSV’s position as a leading global transport and logistics company with


a combined


pro forma revenue of approximately USD 22 billion and a combined workforce of more than 70,000 employees. “This deal creates significant


shareholder value and marks a new milestone in Agility’s journey. Agility remains committed to the supply chain


industry and will become the second largest shareholder in one of the fastest-growing and most profitable logistics companies in the world,” said Tarek Sultan, Agility’s Vice-Chairman. “I want to thank GIL’s leadership and employees for profitably growing


the company and


steering it through one of the most challenging periods the industry has ever seen during the global pandemic. Agility is proud of what GIL has achieved.” He added: “Agility will be exploring opportunities


between DSV and its other businesses, with promising areas of


future cooperation


potentially including Agility’s Logistics Parks business, Shipa group of companies, and technology ventures. Agility will remain an emerging markets leader, investor in emerging technologies, and champion of sustainable business.” “Agility’s Global Integrated


Logistics business and DSV are an excellent match, and we are proud that we can announce our agreement to unite,” said Jens Bjørn Andersen, Group


CEO of DSV. “The combination of our two global networks will provide us with the opportunity to offer our customers an even higher service level. GIL’s global network, industry competencies and strong market position in APAC and the Middle East complement DSV’s network well and will support our long-term value creation ambitions. Our two groups of companies already share a culture of entrepreneurship and local ownership, and we look forward to welcoming GIL’s talented staff to DSV.”


News Roundup


The volume of freight handled in the port of Rotterdam in the first quarter of this year totalled 115.8 million tonnes. This constitutes a 3.0% increase over the same period last year. As such, the port of Rotterdam has set a new step in its recovery from the decrease in throughput in 2020 as a consequence of the COVID-19 pandemic. The most pronounced increase could be observed in the volumes of biomass (+36.7%), coal (+25.2%) and mineral oil products (+19.7%) put through Rotterdam.


Hamburg Sud is expanding its range of value-added services to include Value Protect, a new solution that enables customers to protect the value of their cargo against logistics-related risks during its transportation. These include risks such as fire, theſt, cargo damage due to ship delays or shipping accidents at sea.


The Cosco Hope and all subsequent SAX vessels are now calling the Port of Savannah’s Wando Welch Terminal. Additionally, the YM Warranty and all subsequent EC2 vessels will now call the Wando Welch Terminal.


Port of Oakland containerized trade volume reached record levels in the first quarter of 2021. Total volume from January through March equaled 631,119 TEUs, which topped the port’s previous record of 612,151 set in Q1 2019. Port officials said, the surge reflects unprecedented activity levels in trade between the US and Asia. It added that there’s no sign of a letup in the trans-Pacific trade route.


A.P. Moller - Maersk delivered an exceptionally strong performance in Q1 2021 with record profit for the quarter. The high growth and profitability were driven by solid demand across Ocean, Logistics and Terminals. Strong demand led to bottlenecks as well as lack of capacity and equipment which drove up freight rates to record high levels.


Hapag-Lloyd has placed a new bond in late March 2021 that is linked to a clearly defined sustainability target: By 2030, the CO2 intensity of Hapag-Lloyd’s own fleet is to be reduced by 60% compared with the reference year 2008. This new sustainability target will be an important building block of Hapag-Lloyd’s expanded sustainability strategy, which will be published later this year.


An international alliance of 45 companies, knowledge institutes and port authorities, headed by the Port of Rotterdam Authority, has been awarded nearly € 25 million in EU funding for the ‘green port project’ at the Port of Rotterdam. The consortium will be using this grant to execute 10 pilot projects and demonstration projects that focus on sustainable and smart logistics in port operations. In the years ahead, the transport sector is expected to transition to clean power.


A coalition, including the Port of Oakland, wants California to spend $2.25 billion on emissions-free freight hauling. Supply chain and environmental groups sent their request to Sacramento in mid-May, seeking surplus state revenue to finance: zero-emission trucks and cargo handling equipment; infrastructure such as electric charging stations, and training to operate and maintain the equipment.


Due to the current challenging market situation impacting port activities, generating congestion and schedule delays across the supply chain, MSC is planning to adjust the sailing program on its Transpacific West Coast US & Canada services to match the actual departure dates from Asia.


Kalmar, part of Cargotec, has concluded agreements to supply American cargo and logistics operator Tropical Shipping with two Kalmar Gloria reachstackers and three Kalmar diesel-electric straddle carriers. The orders were booked in Cargotec’s 2021 Q2 order intake, and the delivery of all units is scheduled to be completed in Q4 2021.


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