Connect with us

Trade and Regulations

Exports of intermediate goods sustain gains in Q1 of 2021 after rebound from pandemic

Published

on

Exports of intermediate goods sustain gains in Q1 of 2021 after rebound from pandemic. Image: Pexels
Exports of intermediate goods sustain gains in Q1 of 2021 after rebound from pandemic. Image: Pexels
Listen to the story (FreightComms AudioPost)

World exports of intermediate goods, such as parts and components, rose by 20% year-on-year in the first quarter of 2021 according to a new WTO quarterly report released to help track the health of global supply chains. The increase sustains the upward trend in IG exports following the sharp decline in the second quarter of 2020 when the global spread of the COVID-19 crisis was in its early stages.

Exports of intermediate goods by region, 2019Q1-2021Q1

Exports of intermediate goods sustain gains in Q1 of 2021 after rebound from pandemic. Image: World Trade Organization

Exports of intermediate goods sustain gains in Q1 of 2021 after rebound from pandemic. Image: World Trade Organization

Asia recorded the highest growth in exports of intermediate goods in the first quarter (28 per cent) due to a 41 per cent increase in Chinese exports of industrial intermediate goods, mainly parts for information communication technology equipment and photovoltaic cells.

The most resilient supply chains in the first quarter were for ores, precious stones and rare earths, with exports increasing by 43 per cent in the first quarter, and for food and beverages (up 22 per cent). In contrast, exports of transport parts and accessories posted the weakest recovery at 6 per cent following steep declines in 2020 as the pandemic affected both demand for and production of automotives.

A separate information note is further provided on world trade in 2020 of platinum group metals (PGMs), a commodity used in electronic components, catalytic converters to treat automobile exhaust emissions, and other industries. PGMs accounted for around 2% of ores, precious stones and rare earths exported in 2020 and are strategic inputs for many industries. Such reports dedicated to specific goods reflecting topical issues and core products exchanged within supply chains will be occasionally released to complement the quarterly reports.

Trade statistics on intermediate goods reflect the international exchanges of parts, components, accessories used to produce final products and serve as an indicator of the activity in supply chains.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maritime

Tow-away regulations in Rotterdam for incorrectly moored barges

Published

on

Tow-away regulations in Rotterdam for incorrectly moored barges. Image: Port of Rotterdam
Tow-away regulations in Rotterdam for incorrectly moored barges. Image: Port of Rotterdam
Listen to the story (FreightComms AudioPost)

 

In Rotterdam, new tow-away regulations have been implemented for improperly moored and anchored barges. The Port of Rotterdam Authority has amended its General Terms and Conditions to address this issue. There are substantial penalties for those who violate these regulations.

In Rotterdam, new tow-away regulations have been implemented for improperly moored and anchored barges. The Port of Rotterdam Authority has amended its General Terms and Conditions to address this issue. There are substantial penalties for those who violate these regulations.

For years, various parties have faced difficulties due to barges being incorrectly moored and anchored. The nominal fine (approximately 150 euros) for an official report is significantly lower than the expenses incurred in shifting the barge.

These incorrectly moored and anchored barges frequently obstruct the path of sea-going vessels preventing them from reaching their designated berths. This results in avoidable waiting costs for both the sea-going vessels and nautical service providers. Moreover, it poses an additional safety hazard for vessels dependent on the tides, unable to depart due to the obstructing barges. The ensuing waiting times and congestion also cause delays in scheduling, impacting many other sea-going vessels as well.

Now, with the updated General Terms and Conditions, the Port of Rotterdam Authority possesses the authority to remove a vessel at any time. The barge operator is responsible for covering all costs and damages incurred or suffered by the Port of Rotterdam Authority related to the removal, along with a 15% surcharge based on the expenses, with a minimum of €5,000.

There are a total of 316 barge berths in the port of Rotterdam.

Continue Reading

Environment

EU member states agree to the “FuelEU Maritime” regulation

Published

on

EU member states agree to the "FuelEU Maritime" regulation. Image: Port of Hamburg
EU member states agree to the "FuelEU Maritime" regulation. Image: Port of Hamburg
Listen to the story (FreightComms AudioPost)

 

EU Member States cleared the way to bring sustainable renewable fuels into maritime transport. They approved the “FuelEU Maritime” regulation. The EU Parliament had also voted in favour of the agreement reached in the trilogue procedure.

The new requirements will apply to ships with a gross tonnage of more than 5,000 entering, leaving or staying in ports in the territory of an EU Member State. In addition, shore-side electricity will be mandatory for container and passenger ships from 2030. The use of synthetic fuels from renewable energies will be specifically promoted for shipping.

Federal Minister of Transport Dr Volker Wissing:
After we were recently able to achieve a breakthrough for maritime climate protection at UN level, we are now pushing the actual transformation towards climate-neutral shipping at European level with the “FuelEU Maritime” initiative. The draft regulation is open to technology and takes into account the special competitive conditions in the maritime transport sector. The main objective is to increase the demand for renewable and low-carbon fuels and their consistent use, thereby decisively reducing greenhouse gas emissions in maritime transport. The initiative is thus expected to play a fundamental role in the implementation of the European Climate Change Act for shipping.

Federal Environment Minister Steffi Lemke:
Today the EU has set a decisive course for more climate protection and the use of renewable fuels in maritime transport. Shipping companies will continue to rely on fuels in the future, because electric drives are not yet an option for long-distance transport. In maritime transport, e-fuels from renewable energies are therefore a sensible climate-friendly alternative. With the new requirements, the EU is giving manufacturers and shipping companies the necessary planning security, driving forward the development of modern technologies and making renewable fuels for maritime transport ready for the market. But there are also shadows: The fact that fuels from fossil sources and nuclear energy are also permitted as a compliance option is regrettable. The German Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection (BMUV) will continue to advocate the use of predominantly synthetic fuels from renewable energy sources in order to make maritime transport climate neutral.

FuelEU Maritime lays down uniform EU-wide rules for limiting the greenhouse gas intensity of the energy used on board a ship, and thus above all the fuels. The regulation from the Fit for 55 package stipulates that shipping in the EU must reduce its emissions by 2 percent from 2025, 6 percent from 2030, 14.5 percent from 2035, 31 percent from 2040, 62 percent from 2045 and 80 percent from 2050. The GHG intensity reduction targets are set against the 2020 average GHG intensity of energy consumed on board ships. The greenhouse gas emissions of all fuels are assessed on the basis of a life cycle assessment (so-called well-to-wake (WtW) approach that includes the greenhouse gases carbon dioxide, methane and nitrous oxide). All fuels are permitted as a compliance option; the legislative initiative is thus technology-neutral.

The use of synthetic fuels is encouraged by a special mechanism: if the share of synthetic fuels from renewable energy sources (so-called “renewable fuels of non-biological origin, RFNBO) in the fuel mix does not exceed one percent in 2031, a mandatory minimum quota of two percent for these RFNBO fuels will automatically come into force from 2034. Beyond the use of alternative fuels, the FuelEU Maritime Regulation obliges container and passenger ships in ports in the territory of a Member State to use shore-side electricity or alternatively zero-emission technologies for on-board energy supply.

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union. It shall apply from 1 January 2025, with the exception of certain Articles which shall apply from 31 August 2024.

Continue Reading

Air Freight

Dronamics is first cargo drone airline with IATA and ICAO designator codes

Published

on

Dronamics is first cargo drone airline with IATA and ICAO designator codes. Image: Dronamics
Dronamics is first cargo drone airline with IATA and ICAO designator codes. Image: Dronamics
Listen to the story (FreightComms AudioPost)

 

Dronamics, the world’s first cargo drone airline with a license to operate in Europe, announced it has been officially assigned both IATA and ICAO designator codes. Dronamics is the first cargo drone airline to secure these codes, granting it recognition on par with other international airlines.

Dronamics has been assigned the IATA designator code “OY,” along with the accounting prefix “651.” IATA codes play a critical role in the aviation industry, serving as essential identifiers for airlines, their destinations, and cargo documents. These codes enable Dronamics to be officially recognized as an airline entity, supporting commercial interline agreements with other IATA carriers, facilitating connections with freight forwarders, and enabling the publication of flight schedules through OAG, the world’s leading provider of digital flight information.

The IATA 2-letter Airline Designator code “OY” will be used to establish flight numbers for both scheduled and non-scheduled flights, providing standardized identification across its operations. Additionally, the Airline Accounting Prefix “651” grants Dronamics the ability to issue Air Waybills (AWBs), facilitating seamless cargo uplift within its extensive network.

In addition to the IATA codes, Dronamics has also secured the ICAO designator codes, further solidifying its presence in the global aviation community. The ICAO telephony call sign “Black Swan” and the 3-letter airline designator “DXE” have been assigned to Dronamics. These ICAO codes are widely utilized by pilots and air traffic controllers worldwide, playing a crucial role in flight planning, communication with air traffic control, and the dissemination of vital information through NOTAMs (Notice to Air Missions).

“Becoming the first cargo drone airline with both IATA and ICAO designator codes is a testament to Dronamics’ pioneering spirit and our vision for faster, cheaper and green air cargo for everyone, everywhere. This recognition by the leading aviation community reinforces our position on the international aviation map.” said Svilen Rangelov, co-Founder and CEO of Dronamics.

By securing the IATA and ICAO designator codes, Dronamics has solidified its position as the world’s first cargo drone airline. This reinforces Dronamics’ commitment to innovating air cargo with its drone technology and opens up new avenues for collaboration, growth, and integration within the global aviation ecosystem.

Continue Reading

Popular

Copyright © 2017-18 | FreightComms | Made with ♥ in Singapore