WEEKLY MARKET UPDATE 03/21/2024

This newsletter's summary

Figure of the week

1 trillion $

According to a study commissioned by the Clean Freight Coalition (CFC), decarbonizing the truck freight market would cost at least 1 trillion dollars without accounting for electric trucks batteries.

Quote of the week

“The information about package is as important as the delivery of the package itself.”?

-Frederick W. Smith

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An earlier peak season for ocean shipping ?

What is called "Peak Season"?in ocean shipping is set to happen in the same time period each year: around September and October. In a short time frame, container demand?sky rockets and logistics actors are supposed to collect.

According to Hapag-Lloyd’s?CEO, Rolf Habben, peak season is supposed to start a little bit earlier this year. Expecting a weaker month in March, Herr Habben is thinking that further strikes in docks need to be anticipated by shippers. In fact, they would probably try to avoid the?high season bottleneck?in Sep.-Oct. and focus on Summer Time, the low and calm sason to ship their goods and avoid any blockage.

This would result in a Peak Season in July/August rather than in September/October.

New Boeing freighters for Silk Way West

In the last months, Boeing?has seen the worst of internet and international reputation issues. With dismantling doors mid-flight and broken landing gears, the company seemed to have reached its lowest.

Nevertheless, no matter how active the mocking is on the internet, Boeing still delivers. The 6 777-freighters?ordered by Silk Way West?are supposed to be finished next year, joining the two planes already received by SWW and setting the count to 10 airplanes in total at the end of the 2020s.

Weekly logistics trivia

James Watt?was an XVIII century scottish inventor and engineer, known for his contribution that lead the upgrade of the steam engine. More than just a scientific advancement in the name of mankind, it was one of the first thought patterns that lead to our streamlined modern logistics.

To achieve such a great change in logistics, Watt had his own vision:

• Adjusting transport modes to your industrial needs:?Watt understood very well that a fitting mode of transport?is always related to the needs of the shipper. That is the reason why he kept working on the steam engine, knowing that a self sustaining engine would be a new power source for the economy, because actors needed to travel fast and far.
• Innovating without inventing:?rather than inventing a new type of engine running on alternate power sources, Watt knew that upgrading what already existed was the cheapest and easiest way to come to a breakthrough. He was right. The steam engine needed a nudge to push logistics actors into their greatest growth period in centuries.

Keeping an innovative state of mind and trying to be as close as possible to transport needs lead Watt to become one of the most reverred and famous inventor of the XVIII century.

A long-awaited connection between China & Netherlands

At the center of international logistics, China is looking forward to connect its borders with the rest of the world. In that case, the rest of the world is a specific target-market: Europe.

Last week, a crucial milestone?has been reached. China is now connected to the Netherlands, ensuring growing?trade volumes?and mutual investments. On top of that, European countries are reinforcing their railroad connections, just like Germany and the Netherlands, which will be followed by neighboring regions, spreading the Chinese clutch over the European Continent.

Customs & Regulations

The European Parliament has voted in favor of harmonizing the rules governing abnormal transport, a change strongly advocated by the European Association for Abnormal Road Transport and Cranes (ESTA).?This vote represents a significant milestone towards the revision of the EU’s Weights and Dimensions Directive (96/53).

Consequently, the benefits of these changes, include simplifying paperwork, reducing bureaucracy, and promoting safety and efficiency?in the abnormal transport industry.

???Until Next Week

DocShipper Team: Thank you for following us.

Stay tuned for our upcoming market updates.

Sources

An earlier peak season for ocean shipping ?

6 new Boeing freighters for Silk Way West.

A long-awaited connection between China and the Netherlands.

Customs & Regulations