Newsletter – May 30, 2022

AIR FREIGHT UPDATES

New York JFK Launches Free Virtual Queuing Program At Terminal 4

simpleflying.com
New York JFK Airport has introduced a free virtual queuing program at Terminal 4 – JFK T4 Reserve powered by CLEAR. The new queuing program allows travelers at JFK Terminal 4 to reserve a dedicated security lane time slot up to 72 hours in advance of their flight between the hours of 05:00 and 10:00. Read more here.

DFW Airport to test ‘tugbot’ for cargo operations

freightwaves.com
TEMPE, Ariz. — Dallas Fort Worth International Airport is taking a small step on its future-proofing journey with the testing of an autonomous tug that will haul containers from freighter aircraft to the cargo terminal. Read more here.

Cathay Pacific increases freighter capacity as HK air cargo bounces back

theloadstar.com
With more Covid restrictions easing in Hong Kong, Cathay Pacific is ramping-up its freighter flights and focus on sea-air cargo.
Yesterday, the city government relaxed some testing requirements for inbound passengers, providing a glimmer of hope for tourism and increased belly capacity for air cargo. Read more here.

OCEAN FREIGHT UPDATES

Scrap prices slide

splash247.com
Shipowners have been told to hold off concluding any recycling deals as demo prices collapse in the sub-continent. Steel plate prices have been dropping while local currencies have been in “meltdown” against the US dollar, according to a new report from cash buyer GMS. Read more here.

US Department of Transportation appoints new port and supply chain envoy to work on supply chain disruptions

splash247.com
The White House and the US Department of Transportation announced on May 27 that retired general Stephen Lyons, former commander of the US Transportation Command, will be the new Port and Supply Chain Envoy to the Biden-Harris Administration Supply Chain Disruptions Task Force. Lyons will take over the role from John Porcari. Read more here.

Investments at Port Saint John to increase capacity by 146%

splash247.com
New Brunswick’s Port Saint John on Canada’s Atlantic coast has announced new project funding from the federal and provincial governments that will enable it to increase cargo capacity by 146% between 2023 and 2029.
The provincial government will invest C$16.8m, the federal government $21m and Port Saint John $4.2m in enhancements that will increase the cargo laydown capacity of the west-side terminal, boost crane capabilities, and add roll-on/roll-off capabilities for wheeled cargo. Read more here.

Zim to hand back transpacific workhorse as carriers review expensive charters

theloadstar.com
Containership owners are playing hardball with ocean carriers on fixture extensions for larger tonnage they have locked into deployment on alliance network loops.
And this could result in some carriers walking away from highly inflated time-charter extensions, leaving cargo commitments uncovered. Read more here.