Industry News
Ian Matheson, from Impress Communications, reviews some recent news that might impact on Members’ business. Don’t miss Ian’s weekly news round up on BIFAlink TV, which can be seen on our You Tube channel.
Container line schedule reliability slips back
logistics hub, including heavy and light industrial space as well as a range of complementary leisure uses. Network Rail says the development will serve as a crucial last mile logistics facility for the capital, helping to take up to 90,000 HGV movements per year off the national road network and reduce congestion and emissions. GB Railfreight (GBRf) has started a daily service between the port of Felixstowe and Daventry, running five times every week, making this its 17th daily service from the port and its 54th nationally. IN BUSINESS A total 72% of FTSE 100 firms list threats to their supply chains among the principal risks facing their business, according to research from INVERTO, the specialist supply chain management arm of Boston Consulting Group. This underscores just how fundamental the smooth running of supply chains is to profitability and continuity at these major corporations. TT Club, together with the London-based Container Owners Association (COA), has published a Stop Loss handbook that focuses on bulk liquid flexitanks, defines safe operations and identifies risks. It highlights good practice and provides practical risk mitigation guidance for those in the supply chain who procure, fit, pack, unpack and handle cargoes being shipped in flexitanks. ON THE QUAYSIDE DP World’s London Gateway has marked the operational launch of what it claims is the world’s first all-electric berth, with the arrival and handling of MSC Sena at the port’s newly opened fourth berth. This follows the announcement of plans to invest £1 billion in two more berths at the terminal.
ON THE OCEAN Sea-Intelligence has reported that containerline schedule reliability decreased by 1.2% month-on-month to 51.4% in September, based on data from 34 trade channels and over 60 shipping lines. The data showed that the average delay for late vessel arrivals rose by 0.21 days each month to 5.67 days. VesselsValue, a maritime data intelligence company, has reported that orders for new containerships are up by 52% year-on-year, with 254 new orders placed in 2024, compared with 167 in the corresponding period of 2023. It added that with 362 new
containerships entering the market already this year and a further 169 due to be delivered by the end of 2024, it looks set to be a record- breaking year. IN THE AIR IATA has reported that global air cargo markets experienced 9.4% growth in demand for September 2024 compared with the same month in 2023. This marks the 14th consecutive month of growth, with international operations seeing a 10.5% increase. Capacity rose by 6.4% year-on-year, with international bellyhold capacity increasing by 10.3%. This extension of double-digit
annual capacity growth has now continued for 41 consecutive months. Boeing predicts that air cargo traffic will nearly double over the next 20 years, with growth of about 4% each year. That annual growth rate is 0.1% lower than the 4.1% that Boeing had forecast in July for the same timeframe. East and South Asian markets are expected to see the highest traffic. IAG Cargo, the cargo division of International Airlines Group (IAG), has announced its new 2024-25 winter schedule, which includes increased services to key destinations across the world. OVER THE BORDER HMRC has announced that for the 2025 to 2026 financial year there will be a pause in the development of the Single Trade Window programme, which aims to provide a single UK border service that streamlines data across government and trade, due to challenging fiscal issues. This decision means that the first strategic release of STW functionality, including the user interface for Safety and Security (S&S), will not be launched publicly this year. The government will now consider the role of the STW and will provide an update as part of the next phase of the Spending Review, reporting in late spring 2025. OVERLAND The London Legacy Development Corporation has unanimously approved an outline masterplan to transform over 30 acres of brownfield land at Bow Goods Yard in East London into a major new railfreight and
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4 | December 2024
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