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U.S. Ocean Exports - Be Prepared. Communicate Priorities!
Ocean shipping lines continue reporting over capacity in export trade lanes.
Because of the ongoing space "crunch" for vessels exiting the USA for Asia/Oceania/ Subcontinent, Europe and Latin America, be prepared to communicate your priorities to either expedite your shipments within two weeks or wait to move your shipments after 2 weeks.
In some cases, aggressive rates are available in export trades; however, expect to have your cargo on hold for 3-4 weeks in order to get that "better" rate. Cargo moving within 2 weeks will most likely be charged a higher rate by the lines. This trend is old fashioned "supply and demand" at work and the carriers cite current market factors as the driving force behind rate instability at this time.
AIT works with a variety of carriers to help minimize delays; however in some instances carrier contract rates seem to be "out the window," even for regularly moving freight. When requesting rates, be sure to communicate whether fast transit or immediate booking takes priority over the rate; or vice versa. If the cargo is more rate-sensitive, it may take longer to ship; lead times for lower rates in this market currently average 3 to 4 weeks. Vessels and equipment by all the lines is hovering around 100% on average.
AIRPORT UPDATES
Nairobi handled over 290,000 tons of cargo in 2009 and was served by 40 airlines.
Because the export of perishables by air is vitally important to the Kenyan economy, the first phase of the Transglobal Cargo Center's $16.2 million airside terminal at Nairobi's Jomo Kenyatta airport is scheduled to open next month.
As a trade development tool, the new terminal will feature a general cargo handling capacity of 250,000 tons per year and incorporate a multilevel cool-chain system with a capacity of 160 pallets.
Source: Air Cargo World 6/18/2010
Dubai International Airport cargo volume grew 31.7% in May 2010 versus May 2009. This growth is spurred by increased economic activity in Asia and other regional markets. Presently Dubai International is the world's fifth busiest for cargo traffic.
UP UP & AWAY: Airline Updates
IATA Airlines Bounce Back to Black
After forecasting a possible $2.8 billion loss this year, the International Air Transport
Association (IATA) now expects airlines to post a global profit of $2.50 billion in 2010 instead.
According to Giovanni Bisignani, IATA director general and CEO, the global economy is recovering from the depths of the financial crisis much more quickly than could have been anticipated. Passenger traffic is forecast to grow by 7.1% in 2010 while cargo traffic will expand by 18.5%.
A stagnating economy, of course, and/or a currency crisis in Europe, strikes, or natural disasters would all play a part in changing this new $2.50 billion profit figure. There was strong improvement in all areas except Europe, which proved to be the weakest performer.
Cathay Pacific Airlines already operates eight flights a week to Chicago but beginning on July 9, the carrier is set to launch its first round-the-world freight service. Initially operating a twice-weekly service departing Hong Kong via Anchorage to Chicago to Amsterdam and Dubai en route back to Hong Kong, the carrier is strengthening its freighter fleet in response to the recent recovery in the airfreight markets. Hong Kong's April air freight volume continued to accelerate and increased by 38% year over year to 354,000 tons, reaching its highest level since November of 2007.
Source: Air Cargo World 6/18/2010
Creative industry ad campaign wins awards, turns heads!
Cargoitalia, Italy's scheduled all-cargo airline, recently won 2 media awards for its distinctive "Our nature is to transport cargo" advertising campaign, which features a pelican whose head has been transformed to resemble an aircraft cockpit.
The ad proved to be a massive hit and Cargoitalia was up against 350 major brand competitors including IKEA, Timberland and Ray-Ban, in the awards ceremonies organized by Italian media.
Source: Air Cargo World 6/18/2010
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