Newsletter – December 6, 2023

AIR FREIGHT UPDATES

IATA: Walsh Demands Shared Responsibility On Air Traffic Control Meltdowns
simpleflying.com
Last summer, airlines were forced to cancel over 1,500 flights due to the failure of the UK’s air navigation service provider, NATS. Thousands of passengers were left stranded or found travel plans thrown into chaos, with airline schedules taking a whole week to return to normal. Read more here.

IATA: Air cargo optimism to be balanced with caution
aircargonews.net
Air cargo traffic increased year on year for the third month in a row in October, but IATA has warned that optimism over the improvements should be balanced with caution.
The latest figures from the airline association show that cargo tonne kms (CTK) increased by 3.8% year on year in October, while capacity was up 13.1% as bellyhold operations continued to return. Read more here.

5 things to be considered to provide effective urgent air cargo charters
aircargoweek.com
During the online event “Mastering Effective Urgent Air Cargo Charters” held by AVEM AERO, experts with over 10 years of experience in the air cargo charter industry shared useful insights, that will contribute to providing better services for clients. Read more here.

OCEAN FREIGHT UPDATES

Yang Ming diverts Asia-USEC service from congested Panama Canal
theloadstar.com
Yang Ming has joined its liner peers in diverting ships from the congested Panama Canal to the Cape of Good Hope route as transit restrictions increase.
The Taiwanese mainline operator said on Monday the diversions would up the voyage time for its Asia-US east coast service to 91 days from the usual 84. Read more here (login required)

INTERNATIONAL BUSINESS-GOVERNMENT UPDATES

Geopolitical shocks pose the greatest threat to supply chain health
theloadstar.com
Geopolitics is the greatest risk facing forwarders and the air freight industry in 2024 – despite the potential for disruption to boost air cargo.
Political crises were the number one concern, agreed delegates at the ACE air freight forwarding event in Abu Dhabi yesterday. Read more here (login required).

India on the cusp of a warehousing boom as sourcing diversifies
theloadstar.com
Global investors are increasingly targeting Indian logistics verticals as the emerging economy lifts its growth profile and competes to be a major sourcing hub in Asia.
The latest investment comes from US-based industrial and logistics real estate developer Panattoni, which will develop around seven hectares in the national capital region (NCR) of Delhi, the first in a $200m investment programme for India it announced last year. Read more here (login required).

Carriers roll out new ancillary charges – ‘we’re going to need every dollar’
theloadstar.com
With container spot rates below ocean carrier unit operating costs on some routes, shipping lines are increasingly focusing on billing customers with a myriad of surcharges to boost revenue in what is predicted to be a tough period. Read more here (login required).