Title: Vietnam Shipper No 111
Date: (01-01-2014)

Seafreight

Rough sea ahead as CSA opposes P3 Alliance

There is increasing opposition against the P3 Alliance in light of the latest powerful protest from the influential China Shipowner’s Association, which has “expressed worries” to the Chinese government, stating that the massive and unprecedented scale of the Alliance could create unfair competition in the container shipping markets.

 

A great deal of shipping bodies have raised similar regulatory concerns over the P3 Alliance, as well as the issue of competitiveness in the shipping market.…(Read more on Vietnam Shipper Issue No. 111)

 

Airfreight

Global airfreight market sees sluggish growth begin in 2013

The airfreight market has been limping along for the past couple of years due to slowing global trade and the shift of some commodities to sea transport. Based on International Air Transport Association figures, the airfreight market contracted 1.5 percent in 2012 and 0.7 percent in 2011.  Although airfreight capacity was reduced throughout 2012, the decline in volume was greater, which led to a slight decline in load factors for the year.

 

However, not all was gloomy in 2012. Middle Eastern and African airlines noted cargo growth of 14.7 percent and 7.1 percent, respectively. This growth was attributed to shifting trade lanes favoring Africa and Asia, particularly China, which was in search for alternative trade partners as its largest partners, Europe and the U.S., were experiencing sluggish economic growth..…(Read more on Vietnam Shipper Issue No. 111)