Newsletter – October 26, 2021

AIR FREIGHT UPDATES

It’s Official: Air India Purchase Agreement Signed By Both Sides

simpleflying.com
The privatization of Air India received a further seal of approval after the government signed a share purchase pact with Tata Sons on October 25th. The agreement is one of many steps lined up in the coming weeks before a successful transfer of Air India’s ownership could take place. For now, the Government of India looks on track to meet its year-end deadline to privatize the loss-making carrier. Read more here.

OCEAN FREIGHT UPDATES

Viewpoint: The chartering of goods and the return on investment

freightwaves.com
We all know some of the biggest kings in retail have been publicly talking about the contracting of charter vessels. The price is inflated so just like using airfreight, businesses have to justify the expenses. With an all-in of around $7 million, companies need to make sure they will see a return on investment.
American Shipper, along with Import Genius, reviewed the bills of lading of three of the big names using charters: Ikea, Costco and Walmart. The strategies of the companies can be clearly seen based on the contents in the containers. Read more here.

No lingering! Los Angeles and Long Beach to issue fines for containers that overstay their welcome

splash247.com
New regulations to try and get boxes moving out of America’s main maritime gateways are coming in thick and fast now that president Joe Biden along with California governor, Gavin Newsom, have trained their sights on the mountains of containers piling up at docks at Long Beach and Los Angeles. Read more here.

City of Long Beach allows logistics companies to stack containers higher

freightwaves.com
The city of Long Beach on Friday issued an emergency order allowing businesses to temporarily increase how high they can stack ocean containers in their lots in an effort to reduce the massive gridlock gripping the ports of Los Angeles and Long Beach.
The rule change does not apply to terminals at the Port of Long Beach, which routinely stack containers up to six high. Many media reports over the weekend didn’t make a distinction between the port and inland zone, making it appear the port had new authority to increase vertical storage. Read more here.

Fire on Zim Kingston under control, chemicals in overboard containers cause environmental concerns

splash.com
According to Canadian Coast Guard spokesperson Mariah McCooey on Monday, the containers that were burning on the boxship Zim Kingston “are now just sort of smouldering. There’s certainly no more open flames visible on the ship.” A statement from Zim notes that, “Firefighting tugboats continue to operate to prevent renewed flareups.” Read more here. According to Canadian Coast Guard spokesperson Mariah McCooey on Monday, the containers that were burning on the boxship Zim Kingston “are now just sort of smouldering. There’s certainly no more open flames visible on the ship.” A statement from Zim notes that, “Firefighting tugboats continue to operate to prevent renewed flareups.” Read more here.

INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

US Reveals The Rules For Vaccinated Travelers Arriving

simpleflying.com
The US has unveiled its new rules for travelers arriving from abroad, with lighter restrictions set to come into force on November 8th. Almost all travelers will need to be fully vaccinated with a vaccine approved by the FDA or WHO, with only limited exceptions. Airlines will also be responsible for enforcing requirements and collecting data for contact tracing. Read more here.