News Archive

IMO 2020 rule to leave container shipping lines with US$11b fuel bill

DREWRY Shipping Consultants estimates container shipping lines will face an US$11 billion fuel bill next year on account of the switch to low sulphur marine fuel in order to meet the International Maritime Organization's (IMO) new rule that caps sulphur content to 0.5 per cent from January 1.

US-China trade war weighs heavily on air cargo

The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), contracted by 3.9% in August 2019, compared to the same period in 2018. This marks the tenth consecutive month of year-on-year decline in freight volumes, the longest period since the global financial crisis in 2008.

FIATA launches course to help prevent wildlife trafficking

A three-hour digital course has been developed to help forwarders detect, respond to, and report instances of wildlife trafficking.

UK supply chains face £15bn annual freight admin cost rise from no-deal Brexit

New government estimate takes into account only the administrative burden from completing additional import and export customs declarations for UK-EU goods movements if Britain leaves the EU without a withdrawal agreement.

BIMCO points to ships’ power as a means to curb emissions

BIMCO has submitted a proposal to the International Maritime Organization (IMO) to regulate propulsion power of ships in order to sustain the GHG savings already achieved through slower steaming.

FIATA publishes first guide on prevention of bribery

Best practices paper aims at addressing the challenge of corruption in the international logistics and freight forwarding industry, which ‘has a relatively high risk of exposure’ in ‘a world economy still heavily burdened by corruption’.

Drop in air freight continues in August

WorldACD figures for first eight months of 2019 show worldwide volumes down almost 5% and yields by 7.1% for general cargo and by 3.8% for special cargo categories.

Movement of CITES specimens after Brexit

Permits will be required to move protected plants and animals between the UK and the EU.

Defra Import and Export Newsletter: Issue 4

With just four weeks to go until the 31 October Brexit deadline, it is really important that you and your business are prepared and ready to continue importing and exporting goods after Brexit.

Drewry believes future online marketplaces could bring mutual benefit to both carriers and shippers

Online technology platforms where shipping lines and their customers can negotiate forward contracts could help improve vessel utilisation levels and reduce freight rate volatility, according to a joint study conducted by global shipping consultancy, Drewry and maritime supply chain technology provider, CyberLogitec.