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Newsletter – July 13, 2021
AIR FREIGHT UPDATES
Vietnam Airlines Brings Back More International Routes In Preparation For Reopening
simpleflying.com
Vietnam Airlines is resuming more international routes as the airline starts preparing for the reopening of the country. While the airline has been operating some international flying over the last year, the carrier is now bringing back more regular flights to points in Australia, Europe, and Asia starting this month. Read more here.
Long-haul narrowbody, supersonic jets could threaten air cargo
freightwaves.com
United Airlines grabbed headlines last month with news it had signed a letter of intent for 15 supersonic jets. The sleek vehicles from Boom Supersonic have a long way to go before becoming a reality, but if they ever become viable, they could siphon off cargo capacity on a handful of key trade lanes.
Of more immediate concern for cargo shippers are plans by airlines to rely more on smaller aircraft with long-range capability on some overseas routes instead of widebody planes that can carry lots of freight, logistics industry executives say. The pandemic accelerated the transition to narrowbody aircraft as cash-strapped airlines look to wring out costs and survive the economic fallout. Read more here.
OCEAN FREIGHT UPDATES
Over-dependence on Maersk partly to blame for Chittagong export backlog
theloadstar.com
Bangladeshi apparel makers are partly blaming the over-reliance of buyers on Maersk Line for the large volumes of export cargo stuck off-dock in Chittagong.
Yesterday, some 15,553 teu of export containers were lying off-dock, 70% of them waiting for Maersk, shippers said at a meeting at the port.
Some of the containers had been waiting for nearly a month, said Ruhul Amin Sikder, secretary of the Bangladesh Inland Container Depots Association, adding that normally, only around 6,000 teu would be stored at the … Read more here (login required).
Hapag-Lloyd to omit Halifax Westbound call on the EC5 service from Week 28 to Week 35
ciffa.com
Hapag-Lloyd announced that for structural schedule recovery it will be omitting the Halifax Westbound call on the EC5 service from Week 28 to Week 35 .
Below are the list of vessels which will be omitting the Halifax on the West bound (Export) call:
ONE HELSINKI (Schedule Voyage 045W)
MOL CHARISMA (Schedule Voyage 216W)
CONTI ANNAPURNA (Schedule Voyage 010W)
ONE HONOLULU (Schedule Voyage 213W)
MOL MAESTRO (Schedule Voyage 058W)
HUMEN BRIDGE (Schedule Voyage 080W)
HYUNDAI FAITH (Schedule Voyage 096W)
Canada – Service Interruption – BC, Canada Interior Fires – Update #2
hapag-lloyd.com
With reference to the latest previous update published on July 7, 2021
Over the weekend, there was a Ministerial Order suspending rail service for 48 hours between Kamloops and Boston Bar, B.C. effective 00:01 PDT on July 9, 2021. This has since ended. Train operations have resumed as scheduled, 00:01 AM PDT on July 11, 2021 in the British Columbia interior. Read more here.
US FMC and DoJ sign MOU to collaborate on antitrust issues
splash247.com
The US Federal Maritime Commission (FMC) and the antitrust division of the Department of Justice have signed a memorandum of understanding (MOU) to foster increased cooperation and communication in their respective oversight and enforcement responsibilities of the ocean liner shipping industry. Read more here.
Box lines defend actions as supply chain chaos continues
lloydsloadinglist.com
Container lines have mounted a public relations defence against the threat of further regulation by the US Federal Maritime Commission, claiming they are doing everything in their power to resolve the supply chain crisis.
The World Shipping Council, which represents the majority of the leading carriers, said that high freight cost, equipment shortages and schedule unreliability were a consequence of a demand hike in the US. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Civil unrest in South Africa – Here’s an important update
hapag-lloyd.com
As you may be aware from media reports, South Africa is facing serious political unrest. The situation is quite tense due to rioting, looting, and burning of vehicles across the country. South African defense forces have been deployed to control the situation. In view of this, most businesses are either closed or working with minimum workforce, causing a serious disruption to supply chains. Read more here.
Freight costs see June surge; ‘tougher comps’ coming
freightwaves.com
Freight expenditures surged in June, according to data provided by Cass Information Systems (NASDAQ: CASS) on Monday.
The expenditures component of the Cass Freight Index increased 56.4% year-over-year and was 11% higher than the May reading (9.4% higher sequentially on a seasonally adjusted basis). The month marked the fastest year-over-year growth rate on record for the subindex, besting the near-50% increase logged in May. Read more here.