Russia’s invasion of Ukraine is causing significant supply chain issues as carriers, ports and forwarders cancel services due to the fear of carrying or handling sanctioned cargo or incurring reputational damage. The Black Sea, meanwhile, has been classified as a high-risk war zone by the Joint War Committee, a move that has hit imports and exports. Europe’s open skies have also been dramatically closed with all sorts of implications for airlines.
In Part 1 of this episode, we explore what War in Europe and sanctions regimes means on a practical level if you’re in the business of logistics and freight. We ask what next for air cargo and shipping operations and freight rates? And what does this invasion mean for rail services from Asia to Europe?
We also hear how logistics companies are helping the humanitarian effort and what we can all do to help. And we hear the traumatic story of one seafarer who was on the wrong end of Russian missiles in the Black Sea.
In Part 2, we look longer-term. Is this the end of the post-world War 2 rules-based order on which global trade and globalisation itself were built? And, if so, what does this mean for the supply chain landscape on which you all plan and compete?
Michael Every, Global Strategist at Rabobank
Ami Daniel, CEO of Windward
Adrian Batayen, seafarer on the Namura Queen, a vessel attacked by the Russian Navy off Ukraine in the Black Sea
Chris Weeks, VP, Humanitarian Affairs, Deutsche Post DHL
Alex Lennane, Publisher, The Loadstar
Nick Savvides, News Editor, The Loadstar
Episode in more detail
Missiles and escape from the Black Sea (2.43)
Air space closures – impact on air cargo capacity and rates (8.32)
Rail to ocean? (13.20)
Sanctions explained (14.50)
Russia and reputational risk as carriers pull services (17.50)
How companies and governments are defining ‘Russian’ interests and scaling up due diligence (22.00)
The humanitarian efforts of the logistics industry and how to help (26.59 – 35.27)
Part 2 – The post-invasion geopolitical and logistics landscape
Exclusive interview with Michael Every, Global Strategist at Rabobank
The changing world order and history in fast-forward (36.00)
Sanctions and the weaponization of Western institutions (38.40)
The new trading environment and why it’s a zero-sum game (42.40)
What this new Cold War and the politicisation of supply chains mean for logistics professionals (45.21)
The end of Belt and Road? (48.50)
How to succeed in this new environment (51.32)
Credit: created, produced and hosted by Mike King
As the freight and shipping industry waits for China to unshackle its people and global trade from Covid-19, creator and editor Mike King looks not only at what might happen on key trades lanes in the next weeks and months, he also explores whether global supply chains as we’ve known them are now finished? Is a fundamental reset on the way? And who will be driving it if so? We also have the build-up to the peak shipping season, air cargo freight rate updates, a look at the preparedness of US surface transport, and the latest regulations covering the vast business that is the global illegal wildlife trade. Credits: created, produced and hosted by Mike King Guests Peyton Burnett, Managing Director of TAC INDEX. Craig Fuller, Founder & CEO at FreightWaves and CEO at FLYING Philippa Dyson, TRAFFIC's coordinator of transport sector engagement Dennis Grady, Vice President for Ocean Product at Ascent. Episode in more detail The end of globalisation? (3.37) Will China remain a reliable partner? (7.26) The air cargo market (12.00) Who is paying for spiking jet fuel prices? (16.56) The re-regionalisation of supply chains (21.00) A pre-peak season surge? (27.31) Freight and WFH (37.33) The winners from a trading reset (41.00) Complicity and the illegal wildlife trade (45.00) New IMO rules (52.49) Air cargo steps forward on smuggling (57.02) ...
In part one, Mike King and his guests from around the world of freight, shipping and logistics explore if the US peak season is already over, why forwarder profits peaked in the second quarter and how port congestion is set to continue and could act as a break on freight rate declines. In part two, Mike speaks in depth to Paul Stoddart, the former Formula 1 team owner and chairman of fast-growing freighter operator European Cargo. They cover the global economy, why the cost-of-living crisis will curtail bellyhold capacity, the challenges of air cargo for a newcomer, and why regulators and politics are threatening to sink UK aviation. Guests Paul Stoddart, Chairman of European Cargo Stephanie Loomis, Vice President for Procurement, CargoTrans Peter Sand, Chief Analyst at Xeneta Bruce Chan, Director & Senior Analyst, Global Logistics & Future Mobility Equity Research, Stifel Josh Brazil, VP for Supply Chain Insights, Project44 Episode in more detail: Part one Ocean and air freight rates update (3.39) Trans-Atlantic trade soars (5.00) Forwarder returns peak (7.49) Predictions from Stifel (11.48) M&A outlook (15.49) US bottlenecks (20.47) Has the peak season been and gone? (25.16) Xeneta: Where is the box freight rate floor? (34.42) The impact of port congestion (37.35) Part two – Interview with Paul Stoddart, Chairman of European Cargo Formula 1 – a teething ground for air cargo (48.53) European Cargo – story so far (52.48) Belly returns and the air cargo outlook (56.30) Still room for expansion? (1.00.45) Preighters vs freighters (1.02.28) War in Ukraine and air ops (1.05.57) Sweet home Bournemouth (1.11.19) Brexit and the failures of regulators (1.14.39) Credits: Created, produced and hosted by Mike King Mike can be contacted at: [email protected] ...
Credits: Created, Produced and Hosted by Mike King 2022 is already shaping to be a year of daunting challenges for freight and shipping. Carriers by sea, air, ocean and rail can expect healthy profits. But for buyers, managing procurement and inventories has never been more important. The lead-in to Chinese New Year factory closures at the start of February is the focus of this episode. Are we seeing the traditional mini-peak or is there a looming multimodal crunch on the horizon? And, what comes afterwards? All is revealed as we hear the latest from China, and examine what’s happening in air freight markets and where container contract and spot rates are on the East-West trade lanes. Guests: Peter Sand, Chief Shipping Analyst, Xeneta(Co-host). Akhil Nair, VP Global Carrier Management & Ocean Strategy at SEKO Logistics. Jason Haith, Manager at Transpacific forwarding specialist OEC Group. Neel Jones Shah, Flexport Executive Vice President and Global Head of Airfreight. Adam Compain, Senior VP for Product Marketing & Supply Chain Insights, project44. EP1 2022 in more detail: Ocean spot rates ahead of Chinese New Year (3.10) How Covid outbreaks are impacting logistics in China (5.40) – Seko Logistics viewpoint Can carriers use Chinese New Year to improve schedule reliability? (11.00) Q2 Shipping supply and demand imbalance? (13.30) Asia’s airports and airlines are struggling with zero-Covid policies (15.00) – Flexport Air cargo rates in January (19.00) US consumption still driving ocean freight markets and sucking in ships (19.50) Spotlight: The Transpacific (19.50), Xeneta, project44 and OEC Group US hinterland – port delays; trucking rates sky high on scarcity (25.10) Transpacific contract negotiations commence early (32.00) Will PMA/ILWU West Coast port dockworker negotiations prompt rush for East Coast deliveries? (34.40) US airport infrastructure as outdated as its ports (39.40) Global air freight demand in 2022 (42.30) Asia-Europe container ...