Our News
Keep up to date with FATS news.
Shanghai halts some traffic at port, airport amid Typhoon Chanthu
The halts are likely to further delay shipments and damage global supply chains, which are already struggling to deal with record exports from China and the effects of local COVID-19 outbreaks.
CMA CGM freezes spot rate increases
Amid rising antagonism against carriers over skyrocketing freight rates, shipping major CMA CGM announced yesterday that it would stop all spot rate increases with immediate effect (September 9) to February 1, 2022.
Skyrocketing freight rates once again under regulatory scrutiny
Carriers’ inordinately high freight rates once again topped the agenda at the fifth biennial meeting of the Global Regulatory Summit convened to discuss competition issues related to the shipping industry.
Business confidence down – but not all gloom
After surging by 15 points to 50 in the second quarter, the RMB/BER Business Confidence index (BCI) retreated to 43 in the third quarter, according to a statement released today.
Transport sector biggest Q2 contributor to GDP growth
South Africa’s transport sector grew 6.9% in the year’s second quarter (Q2), becoming the biggest sector to add to the 1.2% economic expansion announced earlier this morning by Statistics South Africa (Stats SA).
Consumer confidence regains lost ground
Having slipped from -9 to -13 index points during the second quarter of 2021, the FNB/BER Consumer Confidence Index (CCI) recovered some lost ground to -10 in the third quarter of 2021.
‘Big chaos’ coming as lack of air freight capacity will see peak season rates soar
Forwarders are predicting ‘big chaos’ and very high rates in the coming air peak season, as a host of issues combine, leading to demand significantly outstripping supply out of Asia.
Pop-up vaccination sites to be set up for truck drivers
The Road Freight Association (RFA), in partnership with Trucking Wellness, Engen and the National Bargaining Council for the Road Freight and Logistics Industry (NBCRFLI), is bringing Covid-19 vaccines to truck drivers on the road.
Port Fourchon, Hit Hard by Hurricane Ida, May be Closed for Weeks
Louisiana is the heart of America’s offshore oil and gas industry, and the region’s energy production quickly shut down in advance of Hurricane Ida, with more than 90 percent of all offshore oil output shut in as a precautionary measure. Most of the industry’s assets appear to have survived unscathed, but Port Fourchon – the primary support hub for the deepwater U.S. Gulf of Mexico – was hit hard and may be closed for weeks.
Call for global action over two-speed recovery from pandemic
The ‘two-speed’ recovery from Covid-19 topped the agenda when heads of international development institutions joined German Chancellor Angela Merkel to discuss the uneven global economic recovery, access to vaccines, and strategies to drive a recovery from the Covid-19 crisis.