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CO2 Calculator | NNR Global Logistics – a Nishitetsu Group company

AIR

• The U.S. air export market remains stable and is projected to maintain this stability in Q4. Although a reduction in capacity is expected with the conclusion of the summer travel season, its effect is anticipated to be minimal due to the prevailing low overall demand.

• No current backlog or space issues to all major airports globally.

• On a global scale, the air freight industry is experiencing a 16-month-long downturn and is anticipated to persist into the coming year.

• Airline Fuel Surcharge is on the rise even though we are finally seeing a downward trend in October jet fuel pricing.

• Status at U.S. airports is normal for pick-up/drop off of cargo, with the exception of LAX and ATL, where they are experiencing moderate congestion.

• Due to the dynamic situation in Israel, UA, DL, & AA have suspended service in all airports in Israel. VS is only accepting limited amounts of essential cargo into Israel. 

Fuel Surcharge Increases

• Lufthansa Cargo 10/10/2023 = US$0.70/kg

• Cargolux 10/16/2023 = US$1.25/kg

• Polar Air Cargo 10/01/2023 = US$0.40/kg

• LATAM Cargo 10/03/2023 = US$1.40/kg

OCEAN

Carriers are still cutting capacity by applying void sailings and shifting services to cover more ports, which is affecting transit times to become longer than before due to more stops added on vessel routes. On top of this, several carriers are expecting new vessels to be delivered this quarter, which will push them to deploy midsize vessels to other trade lanes.

European carbon tax surcharges coming into effect on January 1, 2024, still need to be determined for shippers. Carriers are estimating surcharge levels using “guesswork,” according to analysis by Sea-Intelligence Maritime.

So far, Maersk and Hapag-Lloyd are the only carriers to have provided a projected Emissions Trading System (ETS) surcharge per container. There is a significant variance in surcharge amounts between the two carriers.

“The numbers are intended to give shippers an indication of the potential magnitude, but the accurate numbers are not known yet,” according to Alan Murphy, CEO of Sea-Intelligence. He warned that shippers can expect a “major misalignment” between carriers.

Click on the link below for more information on ocean!

October U.S. Port and Rail Status Update