1. American digital freight company Convoy completes a new round of financing of $ 260 million
On April 27, American digital freight company Convoy announced a new $260 million financing , which consists of two parts, a $160 million Series E led by Baillie Gifford and T. Rowe Price Associates. Preferred equity financing, with another portion from Hercules Capital's $100 million venture debt investment.
In addition, the company’s individual investors include Bill Gates, Amazon founder Jeff Bezos, and former Starbucks president Howard Behar . It is understood that Convoy can be called the US version of "cargo lala". In 2015, Convoy launched a new way of trucking, using a mobile app to connect shippers, freight brokers and more than 400,000 trucks across the country, providing shippers with truly resilient trucking capacity on demand.
2. Shenzhen Airport's first-quarter import and export cargo volume and value hit a new high
On April 27, Shenzhen Customs revealed that in the first quarter of 2022, the import and export cargo volume of Shenzhen Airport reached 169,300 tons, and the import and export value reached 70.668 billion yuan, a year-on-year increase of 10.35% and 37.93%, both hitting record highs.
Since April 2022, Shenzhen Airport's international aviation logistics has grown rapidly. According to statistics, in the first half of April alone, inbound and outbound cargo flights at Shenzhen Airport increased by more than 20% year-on-year, and the international cargo terminal’s import and export volume reached 46,000 tons, an increase of more than 70% year-on-year. Shenzhen Customs focuses on aviation logistics, and cooperates with airports and cargo airlines to introduce a number of measures to facilitate trade facilitation, injecting great vitality into ensuring normal international trade and economic exchanges.
3. Evergreen Shipping adjusts some businesses in Shanghai
It was reported on April 27 that most areas in Shanghai are still under lockdown, and the import and export business has been affected to a certain extent. In response to this situation, Evergreen Shipping made an announcement as follows :
Export receipt/import exchange – open off-site service; import to port fee – reduced or exempted from now until April 30; import and export demurrage fee – reduced from March 28 to April 30.
4. Asia's first professional cargo hub airport is expected to open at the end of June
It was reported on April 27 that, as Asia's first professional cargo hub airport, the interior decoration of the terminal building of Ezhou Huahu Airport has been exhausted, and various projects are waiting for acceptance. Huahu Airport is positioned as a cargo hub and passenger feeder airport.
According to reports, Ezhou Huahu Airport has filled the gap of my country's domestic professional cargo airport. The 1.5-hour flight circle after its operation covers major domestic aviation hubs and provincial capital cities. The airport and Wuhan Tianhe Airport will form a "double hub for passengers and cargo in Wuhan." ". At present, the airport is making every effort to promote the completion and acceptance of various projects, the industry acceptance of the Civil Aviation Administration, and the approval of the airport use permit. It is reported that the industry acceptance work of the airport is expected to be carried out in the second half of this month, and it is expected that the inspection and acceptance will be completed by the end of June and the official operation will begin.
5. Hapag-Lloyd adjusts BAX service and announces new North America-Nordic route
Hapag-Lloyd has introduced a new port rotation for its Baltic Express (BAX) service. The first vessel to sail on the new route will be the MV Empire V. 2218E, which is expected to depart Hamburg on May 4, 2022. The new port rotation is as follows. Hamburg (Germany) – Helsinki (Finland) – Tallinn/Muga (Estonia) – Rauma (Finland) – Hamburg. In Hamburg, the service will call at the container terminal Altenwerder ( CTA ) and the container terminal Buchardkai ( CTB ).
Hapag-Lloyd also announced that its new AT3 service will be available by the end of May 2022. The service will connect Hamburg and Antwerp with St. John's in New Brunswick and will operate on a seasonal basis. Hamburg (Germany) – Antwerp (Belgium) – St. John's (Canada) – Hamburg.
6. Brazil temporarily cancels import tariffs on some goods
On April 27th, in order to combat inflation and stabilize prices, Brazil recently announced a reduction in import tariffs on some commodities. The Executive Management Committee (Gecex) of the Foreign Trade Commission (Camex) of the Brazilian Ministry of Economy announced:
From now until the end of this year, import taxes on seven products will be abolished, and import taxes on electronic products and mechanical equipment will be reduced by 10%.
7. Maersk reports first-quarter results with $19.3 billion in revenue
On April 27, Maersk’s financial results for the first quarter of 2022 exceeded previous expectations, with revenue of $19.3 billion and underlying EBITDA (earnings before interest, tax, depreciation and amortization) of $9.2 billion, Underlying EBIT (earnings before interest and taxes) was $7.9 billion.
Compared to the first quarter of 2021, Maersk's shipping volumes fell by 7%, and freight rates increased by an average of 71%. Maersk has already raised its full-year earnings guidance on the back of strong first-quarter results, as the company expects current market conditions to continue in the second quarter.
8. Pacific Northwest to use MARAD’s ocean road funding to boost container connectivity
The new Northwest Link project designation announced by MARAD on April 27 will increase funding opportunities to support domestic trade between Alaska, Hawaii and the Northwest Seaport Association (NWSA).
Supply chains in the Alaska, Hawaii and Washington regions will receive funding to facilitate container services following the announcement of new funding by the U.S. Department of Transportation’s Maritime Administration (MARAD). The M-5 ocean highway route will transport containerized cargo in and out of Alaska, Hawaii and the Washington area. It is reported that this year the project will receive nearly $40 million in grants.
Official account: Bai Xiaosheng, cross-border e-commerce logistics