Newsletter – December 10, 2020
AIR FREIGHT UPDATES
Delta Follows United And American Scrapping International Change Feessimpleflying.comExcluding basic economy fares, Delta Air Lines has permanently eliminated change fees for tickets booked for flights originating from North America to anywhere across the globe. The Atlanta-based carrier follows the footsteps of its United States counterparts United Airlines and American Airlines with this decision. The global health crisis continues to rock the aviation market. Read more here.
How Air Canada Is Preparing To Fly The Boeing 737 MAX Againsimpleflying.comWith the Boeing 737 MAX cleared for operations again in the United States and Brazil, Air Canada is gearing up to take the MAX to the skies once again. Canadian regulators are yet to provide approval for passenger flights with the aircraft but have granted Air Canada permission to conduct training flights. Read more here.
OCEAN FREIGHT UPDATES
$4,000/FEU ‘becoming the new normal’ out of Asialloydsloadinglist.comSpot rates of $4,000 per FEU are “becoming the new normal” for most major container shipping lanes out of Asia, according to the latest pricing update from digital freight rates specialist Freightos.In its latest weekly bulletin, it highlighted that “the sustained peak in ocean container shipping continued impacting the industry this week in the form of port congestion, scarce empty containers and sky-high rates now on all major lanes out of Asia”. Read more here.
Port of Halifax Update: No Vessels at Anchor, Terminal Dwell within KPIs
portofhalifax.caThe Port of Halifax continues to experience excellent fluidity. No vessels are awaiting a berth and the average days on dock for inbound containers is 1.2 days. Visit the Port Operations Centre for more detail on dwell KPIs by terminal.On December 8, Halifax welcomed the Ocean Alliance vessel CMA-CGM Chile, which, at 15,072 TEU, is the largest vessel to visit any Canadian port.
Chronic shortage shines a light on carrier under-investment in box fleetstheloadstar.comThe current acute shortage of boxes on many tradelanes has exposed the lack of investment by carriers in their container fleets.Drewry estimates that by the end of the year the global stock of containers will be 42.4 million teu, down 1% on 2019.
In comparison, Alphaliner expects the containership fleet to have grown by 3.5%, to reach capacity of 24.05m teu. Read more here.
UK port congestion could continue for monthslloydsloadinglist.comNine organisations involved in the supply of goods to the UK have written to UK transport minister Grant Schapps this week to warn that the current levels of congestion at the country’s leading container ports could continue for some time to come. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
Canada confident in vaccine deliveries even if U.S. blocks exportsnationalpost.comOTTAWA/TORONTO — Canada is confident there will be no disruption of COVID-19 vaccine supplies even if the United States blocks their export, because vaccines are manufactured in several countries, a minister said on Tuesday. President Donald Trump’s executive order is intended to ensure priority access for COVID-19 vaccines procured by the U.S. government, ahead of other nations, senior administration officials said on Monday. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Commentary: AI, machine learning generate insights on global ag for Gro Intelligence
In this installment of the AI in Supply Chain series (#AIinSupplyChain), we explore how Gro Intelligence, an early stage startup based in New York City, is helping companies in the global agricultural industry gain better insights and make more accurate forecasts based on the AI and machine learning models it is deploying on its data platform. Read more here.