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Middle East Update – Ongoing Monitoring and Operational Adjustments In light of recent developments in the Middle East, Maersk has resumed vessel calls and cargo acceptance to the Port of Haifa following a period of temporary suspension. According to AAPA, air cargo demand in Asia-Pacific rose 4.9% Globally, IATA reported a 5.8%
came from trucks carrying cargo. 15 countries, Austria, Canada, Chile, Denmark, Finland, Luxembourg, The Netherlands, New Zealand, Norway, Scotland, Switzerland, Turkey, the United Kingdom, Uruguay and Wales declared that they will collaborate towards realizing 100 percent zero emission new trucks and bus sales by 2040.
The advent of containerization heralded a revolution in cargo handling techniques, the ramifications of which are still influencing maritime trade all over the world today. Source: project44 Monthly report. ports of Los Angeles and Long Beach which saw their busiest March on record, handling a combined 898,287 TEU’s.
Weight limits have also been adjusted, forcing some ships to unload and transport cargo to the other side of the canal via train—increasing transportation costs. In Germany, the Rhine River faces a historic low this year, preventing many vessels from moving cargo. The ACP also implemented “Condition 3” until September 2, 2023.
The authors then used industry sources to project demand and revenue for thee fossil fuels (oil, gas, coal) vs. seven “green” metals (aluminum, cobalt, copper, lithium, nickel, silver and zinc) that are critical to building an energy economy. And there are a few winners and losers from this scenario.
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