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Newsletter – November 10, 2020
AIR FREIGHT UPDATES
How A COVID-19 Vaccine Will Impact Air Canada’s Operations
simpleflying.comAir Canada has this week released its third-quarter earnings report. A fairly common occurrence in the industry, the airline has had to pivot and adapt to the changing commercial climate, making deep cuts and secure financing in order to stay afloat. While most carriers are eagerly waiting for the widespread distribution of a vaccine to guarantee safe travel, other carriers are touting their operational readiness for handling the vaccine’s distribution. Read more here.
Air cargo prepares for biggest ever product launch as vaccine nears roll-out
aircargonews.comThe air cargo industry is preparing for what has been described as the biggest product launch in the history of mankind as a Covid-19 vaccine is set to begin distribution this year.Yesterday, developers Pfizer and BioNTech announced that trials had shown that its vaccine could prevent more than 90% of people from getting Covid-19.The two firms will now apply for emergency approval to start using the vaccine before the end of November. Read more here.
Boeing 737 MAX Certification Reportedly Just Days Away
simpleflying.comThe Boeing 737 MAX, which hasn’t flown commercially since March 2019, could be certified by the Federal Aviation Administration in the next couple of weeks. Sources have told media that the process is in its final stages, citing November 18th as the possible date for the ungrounding. It would be a huge milestone for Boeing and would mark the beginning of the end of this crisis. Read more here.
Air Canada To Convert Boeing 767s Into Dedicated Freighters
simpleflying.comAs Air Canada reported its third-quarter financial results Monday, the airline said it is looking to convert some of its recently retired Boeing 767s into dedicated cargo-only aircraft. However, first, the carrier needs to reach an agreement with its pilots. Read more here.
OCEAN FREIGHT UPDATES
Intra-Asia interest sparked by empty container shortage
seanews.com.trRISING rates on intra-Asia routes to five-year highs amid a capacity crunch born of an acute shortage of empty containers, has commanded fresh attention in the market, say carriers and shippers alike.The tightness in supply has mainly been caused by the global container shortage, carriers redeploying boxes and ships to main line services, and a regional economic recovery, reports IHS Media. Read more here.
No respite for congested UK container ports as carriers take evasive action
theloadstar.comContainer shipments from Asia to the UK continue to be subject to “unprecedented” delays and significant additional costs.“It’s as bad as you hear, possibly worse,” Ryan Clark director and co-owner of UK-based Westbound Logistics, told The Loadstar today.“Space is still an issue, as are ever-increasing rates,” said Mr Clark,“We are constantly finding ourselves apologising to customers. If it’s not rollings, space problems or rate increases, it’s a berthing delay or haulage issue,” he said. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Second wave of cancelled orders a new threat to Bangladeshi fashion factories
theloadstar.comAmid the second wave of the Covid-19 pandemic and new lockdowns, major western buyers are again suspending Bangladesh apparel orders, threatening factory operations.Retailers which have suspended orders include H&M, C&A, Aldi, Inditex, and Primark, according to exporters. Read more here.