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International Shipping Association: Global dry bulk cargo volume will grow by 1.5%-2.5%

sofreight.com sofreight.com 2023-09-12 11:34:09

NO.1 Nepal transits imported goods through a Chinese port for the first time


Recently, 15 tons of turmeric powder imported by Nepal from Vietnam arrived in Kathmandu, the capital of Nepal, via Tianjin Port and Zhangmu-Tatopani Port.


Madhu Kumar Marasini, Secretary of the Ministry of Industry, Commerce and Supplies of Nepal, delivered a speech at the welcoming ceremony for the arrival of the first batch of goods that day. He said that the completion of the transportation of the first batch of goods under the Nepal-China Transit Transport Agreement means that the two countries have begun to strengthen cooperation. A “journey of change” for economic cooperation, increased trade volume and shared prosperity.


Chen Song, Chinese Ambassador to Nepal, said in his speech that the successful implementation of the China-Nepal Transit Transport Agreement means that Nepal’s international trade will gradually diversify.


NO.2 The global manufacturing purchasing managers index rebounded slightly from the low level in August


The China Federation of Logistics and Purchasing recently announced the global manufacturing purchasing managers index for August.


Index changes show that the global manufacturing purchasing managers' index rebounded in August from the previous month, but is still at a low level, and the global economy is in a weak recovery trend.


The global manufacturing purchasing managers index in August was 48.3%, an increase of 0.4 percentage points from the previous month. It has increased month-on-month for two consecutive months. However, the index is still at a low level of around 48%. The global economy is in a weak recovery trend and the overall tightening trend is The general environment has not changed, and the pressure to shrink demand still exists.


NO.3 Global dry bulk cargo volume is expected to grow by 1.5%-2.5%


The International Shipping Association believes that due to the overall weakness of the global economy, container shipping volume is forecast to decline by 0.5% or increase by 0.5% in 2023, and will increase by 3% to 4% in 2024.


The tanker market is expected to gain momentum in the coming years due to increased demand from China and other parts of the world, as well as rising oil production in the Americas.


In addition, global dry bulk cargo volume is expected to grow by 1.5% to 2.5% in 2023 and 1% to 2% in 2024, which are 0.5 percentage points and 1 percentage point lower than the base case respectively.


NO.4 DHL launches cargo flight route to Argentina


DHL Express expands its air cargo network with the launch of its first dedicated freighter to Argentina, the global express giant announced that Panama-based DHL Aero Expresso will operate Boeing 767s between Miami and Buenos Aires - 300 flights with stopovers in Santiago, Chile, six times a week.


It is understood that DHL Aero Expresso provides branded parcel and express services in Latin America and the Caribbean and currently operates three Boeing 757-200 large narrow-body freighters and three 767-300s.


DHL said the Argentina flights will increase customs clearance of U.S.-origin cargo by 10% on the day the flight arrives in Argentina, and increase goods delivered on the same day of customs clearance by 50%. Cargo export services from Argentina have also improved, with all shipments now flying out as late as the next day after pickup.


NO.5 Amazon joins forces with Maersk to fully promote green transportation


According to foreign media reports, Amazon recently reached a cooperation agreement with global shipping giant Maersk.


Maersk will provide Amazon with ecological and environmentally friendly transportation solutions (ECO Delivery). The two parties will jointly explore emission reductions in the shipping field to achieve low-carbon environmental protection, energy conservation and consumption reduction. Through this partnership, Amazon will transport 20,000 FFE (40-foot) containers using green biofuels through Maersk's ECO Delivery between 2023 and 2024.


Maersk estimates that using green biofuels will save 44,600 metric tons of carbon dioxide equivalent compared to standard marine fuel oil, which is roughly equivalent to burning 50 million pounds of coal.