Newsletter – December 16, 2020
AIR FREIGHT UPDATES
Canadian North Plots Nonstop Flights From Canada To Greenlandsimpleflying.comCanadian North is plotting nonstop flights from Canada to Greenland. The airline has signed a letter of intent (LOI) with Air Greenland that commits the two airlines to explore a partnership for air service and sustainable tourism. The plan is for Canadian North to add two Boeing 737-700s for flights to the island. Read more here.
Dronamics reveals plans for first five European droneportsaircargonews.netDronamics has revealed which five European airports it will use as bases for cargo drone operations.Rather than offering final mile delivery, the “middle-mile” drone developer aims to connect its “droneports” in Europe with same-day services using its Black Swan cargo drones, which are capable of carrying 350 kg and have a range of up to 2,500 kms. Read more here.
OCEAN FREIGHT UPDATES
Box shortage in India may be easing a little, but trade imbalance widenstheloadstar.comThe container shortage in India is improving, according to Maersk.However, the carrier’s Q3 trade report highlights the continuation of the country’s lopsided trade flow.“With 14% quarter-on-quarter growth, India’s containerised exports are helping the country’s trade recover,” says Maersk. “Slow yet steady revival of imports further contributes towards an overall improvement.” Read more here.
Forwarders express anger at latest container line surchargelloydsloadinglist.comThe British International Freight Association (BIFA) has objected to another container shipping line surcharge being added this month for its members, which it said “are being inundated with these additional fees despite the fact that they are not responsible for the service delays and port congestion that is causing them, and have no control over the congestion and delays”. Read more here.
New container trade review highlights rising costs and declining servicetheloadstar.comContainer shipping lines are making better margins than ever, according to new research, which suggests that while customers face escalating freight rates, carrier operating costs have been declining. Read more here (login required).
Carriers with ‘money to burn’ will pay ‘whatever it takes’ to secure chartered tonnagetheloadstar.comThe major ocean carriers, expected to report huge profits for Q4, have “money to burn” and aim to outbid their smaller, less-profitable rivals, to secure the ships they target.They are expecting the current liner bull market to continue well into the second quarter of next year, based on their recent enquiries into the charter market. Read more here (login required).