CNS: rumours of its demise may be premature
Speculation that the CNS Partnership event may have run its course seems premature. Attended by some ...
Last out of the gates to report May air freight data is IATA, which notes a “modest uptrend”. While growth in freight tonne km slowed to 4.2% in May, from 5.2% in April, seasonally adjusted FTKs picked up for the second consecutive month. However, it adds, while it would watch closely for signs of new demand, it remains relatively pessimistic. On the whole, it explains, the market is weakening; growth in capacity exceeded demand again, while May was only the second month in two years in which annual FTK growth lagged its five-year average pace of growth (5.1%). IATA has revised downwards its 2018 growth expectations, from 4.5% to 4%. The full picture is here.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Hong Kong drops out of world's top 10 busiest container ports
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Bottlenecks and price hikes as airlines now avoid Iran airspace
Capture of MSC Aries will further drive up Indian export costs
Iran may now pose a threat to multimodal supply chains via Dubai
Alex Lennane
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