Transporting...

Pioneer Freight Newsflash November 2023

Our newsletters are designed to keep you informed and engaged with both our company and the broader industry. We cover key developments and trends across all modes and directions of cargo, ensuring you stay up-to-date with industry-relevant news.

As per a report published by Transnet dd. 24/10/2023 the reason for the current and excessive delays being experienced at all ports within South Africa, is quoted as follows: “lack of equipment has negatively impacted terminal productivity. Other factors, such as poor weather, had also exacerbated the delays. In addition, delays in one terminal were creating further congestion in the complimentary terminal network within South Africa

Below is a summary of the current, berthing delays;

In a bid to mitigate the daily losses suffered, Carriers are re-aligning scheduling on an ongoing basis, which will impact all export and import containerised shipments.

Pioneer Freight November 2023 Newsflash
As a result of the delays being suffered, various Carriers have announced the implementation of a CONGESTION SURCHARGE applicable to all IMPORT containers. This cost will be billed per TEU (Twenty Foot Equivalent Unit) Not all carriers have announced this, though, and there is a strong push back from Industry for the carriers to re-consider the implementation of this surcharge, which would add insult to injury.

EU Emissions Trading Systems (ETS) effective January 2024

In recent years, the global concern over climate change and its environmental impact has grown significantly. Among the industries contributing to greenhouse gas emissions, the shipping industry has faced increased scrutiny and the need for effective measures to reduce its environmental footprint.

The cost of compliance is expected to be significant and will keep increasing with the phased implementation. It will be passed on in the form of a standalone surcharge known as “Emissions Surcharge” applied to ALL bookings on the voyage that will be subject to the EU ETS. It is expected that the volatility of the European Union Allowance (EUA) traded in ETS may increase due to supply and demand factors. Therefore, the emissions surcharge will be updated every quarter to align with the changes in EUA price.

“Marine insurance covers the physical loss or damage of ships, cargo, terminals and any transport by which the property is transferred, acquired or held between the points of origin and the final destination.”

Protect you with Marine Insurance - Pioneer Freight

“A marine insurance policy can help you cover losses to the cargo that occur due to unexpected circumstances.

Marine insurance offers financial protection in case of events leading to damage to the cargo. Other types of risk that marine insurance may cover include theft, sinking, natural disasters or fire.”

Ensuring that your goods are adequately insured for any form of conveyance (sea / air / rail / road) is crucially important in a bid to protect you against financial losses should an incident occur.

Pioneer Freight November 2023 Newsflash

Rate us on Google

Should you require any further information regarding any of the topics mentioned above, please contact us!

Our newsletters are designed to keep you informed and engaged with both our company and the broader industry. We cover key developments and trends across all modes and directions of cargo, ensuring you stay up-to-date with industry-relevant news.