Newsletter – July 22, 2021

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    Newsletter – July 22, 2021
    AIR FREIGHT UPDATES
    Poor weather in China forces 4,500 flight cancellations

    theloadstar.com
    Some 4,500 flights out of major Chinese airports have been cancelled this week, owing to Covid lockdowns and poor weather. Zhengzhou, Chinese home of Cargolux, has seen more than 1,400 flights cancelled since Tuesday because of flooding. And a typhoon hit Guangdong, cutting more than 1,600 flights at Guangzhou, Shenzhen and Zhuhai. Read more here.

    The Battle For Air India: Tata Group vs SpiceJet

    simpleflying.com
    After over 18 months, the battle for Air India is reaching the final stretch. The two bidders for the airline are the Tata Group and the CEO of low-cost carrier SpiceJet, Ajay Singh. With the airline ready to turn private in a matter of months, here’s where the two sides stand with their bids and how each one with shape the future of Air India. Read more here.

    TIACA on sustainability: People, Planet, Prosperity

    aircargoweek.com
    The biggest issue facing the aviation industry today is sustainability. Though it is at the top of many companies’ agendas, for true change to be realised it is imperative that companies are fully invested in the process of making the industry, and the world, more sustainable in all senses of the word. Read more here.

    OCEAN FREIGHT UPDATES
    No evidence yet of widespread price-out of low-value cargo

    lloydsloadinglist.com
    There’s no firm evidence yet that the current record-high sea freight rates are ‘pricing out’ low-value cargo from the market to significant levels, according to analysis by Sea-Intelligence, despite anecdotal reports indicating that it is beginning to happen – or soon will.
    In its latest Sunday Spotlight briefing, Sea-Intelligence examined the relationship between transpacific cargo weight and value “to determine if the unprecedented increase in freight rates over the past year has created a situation where low-value commodities are being priced out by higher-value commodities”. Read more here.

    Operations Update from Port of Vancouver 

    ciffa.com
    Reports indicate that both CN and CP lines are operational, with rail activity remaining steady. Ongoing wildfire activity in the B.C. interior, along with increasing winds over the next few days, may require temporary stoppages to rail operations.

    Panamax boxships experience some of the sharpest price appreciation in the history of shipping

    splash247.com
    Prices for sought after panamax boxships have more than doubled in the space of just three months, one of the sharpest vessel appreciations recorded in the history of shipping.
    As a result of the increased S&P market and soaring freight and charter rates, 15-year-old 4,250 teu tonnage has leapt from $20m at the end of March to be worth around $48m today, data from VesselsValue shows. Read more here.

    ‘Crunch time in the US’ – shippers advised to ‘brace for extended peak season’

    theloadstar.com
    When the bank account is full, European consumers like to save. But US consumers like to spend.
    That phenomenon – along with a faster economic recovery in the US, growing vaccination rates and government stimuli – is driving import demand, and driving up freight rates, both in air and sea.
    The belief that consumers would start spending on services rather than goods, easing the pressure on the goods supply chain, has not yet materialised. Read more here (login required).

    GROUND AND RAIL FREIGHT UPDATES
    CN optimistic despite wildfires, congestion and Delta variant

    freightwaves.com
    Canadian railway CN is still recovering from a nearly two-week outage of a bridge that is part of a key route to Vancouver. The impacts of the outage remain to be seen, as the bridge outage, as well as wildfire conditions, have contributed to a backlog at the Port of Vancouver, said CN executives during the railway’s second-quarter 2021 earnings call Tuesday. Read more here.

    Fighting excessive detention time focus of TCA webinar

    freightwaves.com
    Did you know that according to FreightWaves, the bill for uncompensated detention in the trucking industry could be as high as $25 billion in lost productivity and economic opportunity?
    Is your company ready to tackle this issue head-on? TCA and True Load Time are ready to help. Read more here.

    CANADA BUSINESS – GOVERNMENT UPDATES
    Activities that Require a Safe Food for Canadians Licence: Update

    ciffa.com
    The guidance Food business activities that require a licence under the Safe Food for Canadians Regulations has been updated to include the “thawing” activity in section 4.1, the licence requirements for holding live fish in water in section 5.12, and the licence requirements for storing and handling an edible meat product in its imported condition in section 5.21.

    Ontario imposes restrictions in northwest as wildfires burn

    insidelogistics.ca
    Ontario imposed new restrictions on mining, rail, construction and transportation industries in the province’s northwest on Tuesday to reduce the likelihood of human-caused wildfires.
    The move came as 107 active wildfires burn in the region, with 32 of those not under control. Read more here.

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