Weekly News

- Jul 09, 2019-

1. MSC reaffirms the restriction rules, and all costs and risks will be borne by the shipper or booking agent.

 

The MSC noticed that due to the continuous discovery of several violations of the weight limit, the relevant consignor claimed that it had not been notified from the booking agent. We reiterate that overweight or false positives will seriously threaten the safety of the port and the equipment and personnel on board, and all costs and risks resulting from this will be borne by the shipper or booking agent. It is hereby reminded that all booking agents and customers must forward the weight limit of our company to the relevant shipper before packing.

 

2. Nigerian maritime workers began a national strike on July 3.

 

It was learned that the Nigerian Maritime Workers' Union (MWUN) will start a national strike on Wednesday, July 3. Earlier, on June 13, the union issued a two-week strike ultimatum on the issue of wages owed to the loading and unloading contractor. On Sunday, June 30, in a statement issued by Lagos, MWUN President Abdul-Waheed Adeyanju announced the news.

 

According to him, the leaders of the trade unions have instructed that the members of the trade unions will stop service at various ports across the country starting at 6 am on Wednesday, July 3, 2019. Recovery time is not fixed. Goods that are exported to the area should be aware of local conditions and avoid losses.

 

3. The United States intends to impose tariffs on 4 billion US dollars of EU goods

 

Since the United States and the European Union have accused each other of illegally subsidizing their respective major aircraft manufacturing enterprises, the US Trade Representative Office recommended No. 1 to impose tariffs on the US$4 billion EU exports to the United States. EU goods that may be taxed include: cheese, milk, coffee, pork products, Irish and Scotch whisky, and metallic copper.

 

4. The demand for China's export container shipping market has gradually picked up, and the market conditions have risen steadily. The freight rates of the North American and South American routes have risen sharply, driving the composite index to rise.

 

On the European route, the market is basically stable before the transition to the traditional peak season, and the transportation demand is generally stable. The scale of the route capacity has not changed much in the near future, and the relationship between supply and demand has remained stable. After the freight rate was continuously adjusted in the previous two weeks, except for the individual airlines to follow up a small price cut, most of the airliners maintained the existing freight rate, and the spot market freight rate fell slightly.

In the North American route, due to concerns about uncertainty in the market, some cargo owners have recently accelerated their shipments, and market transportation demand has risen. In addition, some airlines on the route introduced capacity control measures such as changing the ship type, and the route class showed a certain degree of tension. Some airliners began to collect GRI, and the airliners drastically increased the booking price at the beginning of the month, and the spot market booking price rose sharply.

On the Persian Gulf route, the market demand for the destination market has not fully recovered after Ramadan, and the cargo volume is at a relatively stable level. There are still shifts on the route, and the overall capacity has remained stable. Some of the airliners cut their prices slightly, and the spot market freight rates fell slightly.

The Australia-New Zealand route was in a weak position in the early stage of the market. Due to the recent tightening of capacity control by some airliners, the overall loading situation of the route has slightly improved. Since the freight rate has been at a low level for a long time, most airliners pushed up the freight rate at the beginning of the month, and the spot market freight rate increased significantly.

On the South American route, the cargo volume of the route has generally increased steadily. As some airliners recently switched their liners to boat type to control capacity. Most of the shifts were fully loaded and shipped, and the spot market freight rates rose sharply.

On the Japanese route, the cargo volume was basically stable this week, and the market freight rate remained stable.