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Issue 5 2021 - FBJNA


capacity to the passing/


siding track in Carlisle, SC, to accommodate longer trains carrying cargo to and from the Port of Charleston. These


complementary


efforts will allow for additional container capacity for customers at Inland Port Greer, and additional rail infrastructure to enhance rail capacity and efficiency. “The Upstate Express Corridor will greatly


enhance South Carolina’s rail infrastructure and supply chain,” said Kathleen Smith, Norfolk Southern’s vice president of business development and real estate. “The BUILD grant supports these vital infrastructure projects, providing more economic growth for the state.” Since opening in 2013 with BMW Manufacturing Co. as the launch customer, Inland Port Greer has consistently broken records for cargo handled.


In March, Inland Port Greer reported its busiest month in history with 16,688 rail moves, up 20.3% from last March. Fiscal-year-to-date, Inland Port Greer has handled 119,460 rail moves, up nearly 5% from the same time a year prior. “BMW


Manufacturing’s


success as the largest automotive exporter by value in the United States would not be possible without our strong relationship with SC Ports,” said Knudt Flor, president and


Hapag-Lloyd shows strong start to the year in Q1


Hapag-Lloyd has concluded the first quarter of 2021 with earnings before interest, taxes, depreciation and amortization (EBITDA) of roughly $1.9 billion (approximately EUR 1.6 billion). Earnings before interest and taxes (EBIT) rose to roughly $1.5 billion (approximately EUR 1.3 billion). The Group net result improved to around $1.5 billion (EUR 1.2 billion). “On the back of the high


demand for container transports, we have benefited from better freight rates, especially in the spot market. On top of that, bunker prices have been lower than in 2020. As a result, we concluded the first quarter with a very positive financial result and look back


overall on a solid start to the year,” said Rolf Habben Jansen, CEO of Hapag-Lloyd. Revenues


increased in the


first quarter of 2021 by around 33%, to roughly $4.9 billion (approximately EUR 4.1 billion), particularly due to a higher average freight rate, which increased by approximately 38% to reach $1,509/TEU (Q1 2020: $1,094/TEU). Nevertheless, due to the demand-related congestion


of port and


hinterland infrastructures in many places as well as to a resulting shortage of freely available ships and containers, the transport volume was slightly below the level of the same quarter of the prior year, at roughly 3.0 million TEU (Q1


2020: approximately 3.1 million TEU), or minus 2.6%. On the other hand, a roughly 27% lower average bunker consumption price, which amounted to $384 per tonne in the first three months of the 2021 financial year (Q1 2020: $523 per tonne), had a positive impact on earnings. Hapag-Lloyd expects that the


EBITDA and EBIT for the current 2021 financial year as a whole will clearly surpass the prior- year level. While the positive earnings trend is likely to continue in the second quarter of 2021, a gradual normalization is currently expected in the second half of the year. However, this forecast remains subject to considerable uncertainty due to a number of factors, including:


CEO of BMW Manufacturing. “We export 70 percent of our South Carolina-made vehicles through the Port of Charleston to 125 countries around the world. BMW was also the first customer for SC Ports’ rail- served Inland Port Greer in 2013. Inland Port Greer has proved incredibly beneficial to our supply chain. We depend on reliability and speed to produce every car to order, and SC Ports continues to deliver for BMW.”


the above-average volatility of


freight rates at this time;


operational challenges, such as infrastructural bottlenecks; and the inability to predict the future course or economic impacts of the COVID-19 pandemic. “While we remain optimistic


for 2021 as a whole, the ramifications of the COVID-19 pandemic and the congested supply


chains continue to


present a huge challenge to all market participants,” Jansen said. “We will do everything in our power to help normalize this difficult market environment as quickly as possible and make as much capacity available as possible. We will also double down on our efforts to provide the best possible service quality to our customers – as we know that we can and must still do better on that front – and we will continue to implement our Strategy 2023.”


Turkish


News Roundup Cargo added Munich,


///NEWS Air


the


technological metropolis of Germany, to its expanding cargo flight network, beginning May 7. Atlas Air Worldwide Holdings, Inc. announced first-quarter 2021 net income of $89.9 million, compared with $23.4 million in the first quarter of 2020. Its performance was driven by the strength and flexibility of its global business model and its team continuing to capitalize on the current airfreight environment, with demand and yields that are well above typical seasonal levels,


LATAM Airlines Group recently announced its plans for a new sustainability strategy. LATAM has been working towards a more sustainable business model for years, and as the company moves out of bankruptcy, it has decided to further these actions and place sustainability at the center of its business strategy. Amsterdam Airport Schiphol won the Cargo Airport of the Year award at the 15th Air Cargo Week World Air Cargo Awards (WACA). It is the second time Europe’s fourth busiest air cargo hub has been recognized by Air Cargo Week.


Cathay Pacific Cargo reports that cargo demand was strong in March, particularly from Northeast Asia and the Americas. Demand from Hong Kong and the Chinese mainland ramped up during the latter half of the month. Load factor improved to an all-time high of 86.4%. The revenue share for its Priority LIFT product continued to increase as customers sought express solutions for critical shipments.


Aeromexico Cargo recently inaugurated a direct route between the Wuhan-Tianhe International Airport and the Mexico City International Airport for exclusive cargo transportation. This was celebrated at an event held at Wuhan airport, in the presence of the Mexican Ambassador to the People’s Republic of China, airport authorities and airline business partners. The route will be operated with Boeing 787-9 Dreamliner aircraſt, which has a load capacity of more than 30 tons or 130 m3, depending on the type of cargo.


Alaska Airlines is adding 30 mainline and regional aircraſt to fulfill capacity needs in the years ahead. Thirteen of the aircraſt will be Boeing 737-9 MAX for delivery in 2023 and 2024. This spring the carrier also increasing the number of cities with year- round nonstop service to Anchorage (ANC) – adding routes to Chicago (ORD) and Las Vegas (LAS), and expanding service to Phoenix (PHX) and Maui (OGG) from seasonal to year- round. Denver (DEN), Minneapolis (MSP) and San Francisco (SFO) also will get summer-season nonstop routes.


An ongoing cargo boom largely driven by online purchases liſted the Port of Long Beach to its strongest April on record. Dockworkers and terminal


operators moved 746,188 TEUs in April, a 43.6% increase from the same month last year. It was the first time the nation’s second-busiest seaport handled more than 700,000 TEUs in the month of April, surpassing the previous record set in April 2019 by 118,066 TEUs. Imports grew 44.8% to 367,151


TEUs, while exports climbed 21% to 124,069 TEUs. Empty containers moved through the Port were up 55.8% to 254,970 TEUs. The Port has moved 3,122,315 TEUs during the first


four months of 2021, a 41.8% increase from the same period in 2020. “International trade will help


jumpstart the economy, and the Port of Long Beach will lead the way by protecting the health of our dockworkers and providing top-notch customer service to keep cargo moving,” said Mario Cordero, Executive Director of the Port of Long Beach. “We remain optimistic as online spending continues to soar; retailers prepare for a busy summer season and businesses continue to reopen following months of closures due to the COVID-19 pandemic.” “We are in the midst of our


best trade periods in Port history, but we cannot forget that


the national economy remains in recovery mode,” said Long Beach Harbor Commission President Frank Colonna. “We are closely collaborating with our industry stakeholders to handle the resurgence of cargo we’re experiencing aſter the dramatic declines we saw last year due to COVID-19.” April marked the 10th


consecutive month that the Port of Long Beach has broken cargo movement records for a particular month amid a historic cargo surge that started in July 2020. The rise in online consumer


spending continued to squeeze the national supply chain with loaded vessels, increased dwell times and shrinking capacity.


The Port of Long Beach spent


the past decade preparing for the challenges of cargo growth through an aggressive $4 billion capital improvement program resulting in terminal upgrades, a new bridge and the completion this summer of the Long Beach Container Terminal at Middle Harbor – one of the most technologically advanced and greenest container terminals in the world. In the next 10 years, the Port


plans to invest another $1.7 billion for rail improvements, terminal modernization and other strategic infrastructure projects aimed at easing the flow of cargo moving through the nation’s second-busiest seaport.


dnata has signed a five-year lease with Sydney Airport to expand its existing cargo facility at the international airfreight terminal by an additional 4,800 sqm. The enlarged 16,300 sqm site with direct ramp access will feature an increased number of landside and airside docks as well as enhanced processing capacity and throughput with the flexibility to scale. An additional truck hoist will be in place by mid-2021 to complement the on-airport warehouse’s existing hoist. As an added value, forwarders with airside accredited drivers can now lodge their intact units at the bypass.


Worldwide Flight Services (WFS) has won ground handling contracts with 12 airlines in North America, adding another 14,000 aircraſt turns per annum to its growing operation. Atlas Air Worldwide Holdings, Inc. announced that its companies Atlas Air, Inc. and Polar Air Cargo Worldwide, Inc. have each achieved the Center of Excellence for Independent Validators (CEIV) Corporate Pharma credential from IATA, confirming their commitment to meeting pharmaceutical manufacturers’ requirements to transport temperature controlled and time- sensitive products, including vaccines.


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