Newsletter – July 9, 2020

  • 09

    Jul

    Newsletter – July 9, 2020
    AIR FREIGHT UPDATES
    Cargo-friendly airports shine during COVID crisis
    freightwaves.com
    Secondary airports geared toward cargo are proving their value during the coronavirus pandemic as a faster alternative for delivering goods.
    Airports outside major metro areas have always had a speed advantage over international passenger gateways such as Chicago O’Hare and New York’s JFK airport. An onslaught of freighter aircraft full of medical supplies for the COVID response has magnified congestion at those hubs and forced shippers to consider other options. Read more here.
    United & American Backtrack On Hong Kong Flight Resumption
    simpleflying.com
    United Airlines and American Airlines were both due to resume services to Hong Kong this week. However, these plans have been pushed back due to new coronavirus testing procedures for flight crew arriving at the Asian economic hub. Read more here.
    Amazon Air turns to sustainable fuel as part of green commitment
    aircargonews.net
    Amazon Air has secured up to 6m gallons of sustainable aviation fuel (SAF) over the next 12 months as part of the company’s commitment to The Climate Pledge.
    The Amazon-dedicated airline said that sustainable aviation fuels are derived from renewable resources and generate fewer carbon emissions than standard aviation fuel. Read more here.
    Liège ‘pop-up’ air cargo facility to continue operating to meet strong freighter demand
    lloydsloadinglist.com
    The pop-up handling facility set up at Liège Airport (LGG) earlier this year to facilitate the import of medical supplies in the wake of COVID-19 is to continue in service until the end of the current month, according to a senior executive for the Belgian air cargo hub. Read more here.
    OCEAN FREIGHT UPDATES
    Port of Montreal Labour Negotiations Update
    ciffa.com
    After five days of intensive negotiations, the Maritime Employers Association and CUPE 375 agreed to a break and to resume talks on Monday, July 13. The negotiations process went well, with the help of a mediator.
    There will be no work stoppage this week. The two sides are focused on reaching an agreement.
    Pandemic effects force lines to continuous schedule adjustments
    container-news.com
    In terms of blanked sailings and capacity management, there are no signs of recovery going forward into the third quarter, according to a Braemar container trade and shipping analyst, as the peak season demand is likely to be subdued. Read more here.
    Ship orders plummet to lowest level seen this century
    splash247.com
    New shipbuilding orders in the first half declined 57% to the lowest levels seen this century, according to data from Clarkson Research Services. Just 269 ships – equivalent to 5.75m cgt – were contracted in the first six months around the world, putting many yards in jeopardy of running out of business in the coming year. Read more here.
    Major lines unveil fresh Asia rates
    container-news.com
    CMA CGM and Hapag-Lloyd have announced new prices from Asia to various destinations, effective from mid-July and August.
    Hapag-Lloyd will implement the following general rate increase (GRI) in the eastbound trade from East Asia to all United States and Canada destinations as of 15 August (date of cargo receipt at origin). Read more here.
    INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
    $28bn invested in freight start-ups since 2015 – most in last-mile and B2C
    theloadstsar.com
    Venture capital funding into the logistics industry has amounted to nearly $28bn since 2015, research from McKinsey shows.
    And although US digital freight forwarder Flexport has taken many of the headlines during this period, it is actually the last-mile and B2C logistics sectors that have received the overwhelming proportion of that finance. Read more here.

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