Commentary: Making a tough best guess market forecast

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.  

Forecasting is hard enough to do when you have accurate and timely data. It’s almost impossible when your data is not up-to-date. 

There is an old adage: Forecasting is like driving blindfolded while your partner looks rearward and telegraphs the next turn based on what you recently passed. That is tough to do on a curved road. It is mpossible on a road never...

https://s29755.pcdn.co/news/commentary:-making-a-tough-best-guess-market-forecast

More air cargo finds its sea legs during COVID-19

Escalating airfreight transportation rates and capacity shortages out of China in recent months due to the coronavirus pandemic have led many shippers to try hybrid services that combine sea and air modes.

So-called “sea-air” services offered by some global freight forwarders and non-vessel-operating common carriers (NVOCCs) have been around for decades, but they tend to come and go depending on airfreight market conditions.

Mortan Bach, global chief commercial officer, Shipco Trasport (Courtesy...

https://s29755.pcdn.co/news/more-air-cargo-finds-its-sea-legs-during-covid-19

Wunder Mobility launches line of light electric vehicles

Wunder Mobility launches its line of light electric vehicles with Chinese manufacturer Yadea (Photo: Wunder Mobility)

Mobility technology platform Wunder Mobility announced the launch of the Wunder Vehicles product in an exclusive business-to-business (B2B) agreement with Yadea, a Chinese light electric vehicle (LEV) manufacturer. In this partnership, Yadea will guarantee the supply of LEVs for Wunder Mobility, as it attempts to introduce its line of vehicles for clients that struggle to source vehicles for their fleets.

Wunder Mobility has long remained a mobility partner to companies and governments,...

https://s29755.pcdn.co/news/wunder-mobility-launches-line-of-light-electric-vehicles

Commentary: Digital freight brokers face a moment of truth

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. 

News reports that Uber is re-evaluating non-core units like Uber Freight did not take me by surprise.

 To learn more about what’s happening, you can read JP Hampstead’s Uber ‘re-evaluating’ non-core units like freight, WSJ reports, which ran in FreightWaves on Monday, May 18.

Defining the problem

In The Business of Platforms by Michael Cusumano, Annabelle Gawer, and...

https://www.freightwaves.com/news/commentary-digital-freight-brokers-face-a-moment-of-truth

COVID19 Forcing Switch To Electron Bill of Lading, Saves Shipping Costs!

In a major development, the Digital Container Shipping Association (DCSA) has gone on record stating that the container shipping industry could save itself up to $4bn a year if half of all bills of lading (B/Ls) were dealt with digitally, reports the LoadStar.

What is it?

The DCSA is using the coronavirus pandemic to accelerate its mission to introduce electronic B/Ls to the shipping industry.

CEO Thomas Bagge told The Loadstar last week that the association’s financial modelling had concluded...

https://mfame.guru/covid19-forcing-switch-to-electron-bill-of-lading-saves-shipping-costs/

Recycling Ban Temporarily Suspends Scrap Exports

  • The Bureau of International Recycling has alerted its members.
  • It announced that the UAE will suspend exports of ferrous scrap and recovered paper.
  • The operations remain suspended from the beginning of May 15 for four months.
  • It is designed to strengthen the UAE domestic supply in the face of economic uncertainty.

According to an article published in Recycling Today, the Bureau of International Recycling (BIR), based in Brussels, has alerted its members that the United Arab Emirates (UAE) will...

https://mfame.guru/recycling-ban-temporarily-suspends-scrap-exports/

Cosco – Selective Marine Newbuild Deal

Cosco Shipping Heavy Industry has fixed a newbuild jackup rig, with UAE-based Selective Marine Services, says an article published in Splash 247.

About the deal

Cosco Shipping Heavy Industry has fixed a newbuild jackup rig, abandoned at its Dalian yard, to UAE-based Selective Marine Services.

  • The deal was arranged by SinoOcean, the idle offshore asset management platform set up by the Chinese government. 
  • The rig was originally ordered by Indian owner Dynamic Drilling for an ONGC charter.
  • Delivery...

https://mfame.guru/cosco-selective-marine-newbuild-deal/

Getting crews on and off ships and airplanes

The three largest global organizations representing the workforces of the maritime and air transport industries have asked their government members to ensure the continued cross-border movement of these “key workers” to and from their jobs.

The coronavirus pandemic has resulted in a flurry of government bans on international travel, which has obstructed necessary crew changes to keep the world’s maritime and aircraft fleet, as well as at ports and logistics hubs, in operation and goods flowing.

Th...

https://s29755.pcdn.co/news/getting-crews-on-and-off-ships-and-airplanes

Commentary: Who holds the wild card at every supply chain’s end?

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. 

In order not to hold everyone in suspense – all of us hold the wild card at the end of a supply chain when we are in our role as retail consumers. We vote with our wallets and sometimes emotion and psychology can enter into the mix. Whims, fears, conspicuous consumption, keeping up with the Joneses, etc. all have a role to play in the retail sector.

Of course,...

https://s29755.pcdn.co/news/commentary-who-holds-the-wild-card-at-every-supply-chain

Industrial Ministry To Offer EGP 1.19bn Relief Fund in 4 Months!

  • The Egyptian MSMEDA has allocated EGP 1.19 billion in funding to 48,743 small and micro projects during the first third of 2020.
  • The financing comes as part of efforts to combat the negative fallout of the coronavirus (COVID-19) and its impact on the MSMEs.
  • There are many industrial, services and commercial sectors that have increased their operating rates and profits during this severe crisis.

According to the Trade and Industry Minister Niven Gamea, the Egyptian Micro, Small and Medium...

https://mfame.guru/industrial-ministry-to-offer-egp-1-19bn-relief-fund-in-4-months/