Newsletter – May 11, 2020
AIR FREIGHT UPDATES
Manila partially reopens main airportsplash247.comThe Ninoy Aquino International Airport (NAIA), the main airport in the Philippines, reopened today for inbound international chartered and commercial flights.All flights had been put on hold for eight days as quarantine facilities in the country had become too congested. Read more here.
Future Air Travel: Four-Hour Process, Self Check-In, Disinfection, Immunity Passesforbes.comAs much as was required after 9/11? Less? More?Considering some of the changes already happening and the many more recommended before airports can reopen safely to commercial routes, some experts are referring to the coronavirus pandemic as ‘the new terrorism,’ triggering the the biggest crisis the airline industry has ever faced. Read more here.
Korean Air To Resume Some International Services In Junesimpleflying.comSouth Korean flag carrier Korean Air is planning on reopening flights to various international destinations around the world. The airline announced on May 7th that it would be resuming service to destinations in North America, Europe, and Asia that had once been suspended. Services to these cities will resume in June in anticipation of COVID-19 travel restrictions easing. Read more here.
Will airlines re-evaluate the role of freighters as aircraft are grounded in their thousands?theloadstar.comThe A330-200 has vanished from American Airlines’ operations.The US carrier announced on Wednesday it would put its entire A330-200 fleet into deep storage at least until 2022, with routes served with the type to be covered by B777s and 787s. Read more here.
Air Canada QI revenues down 15pc, EBIT plunge 81pc due to Covid-19seanews.com.trAIR Canada has posted a 15 per cent year-on-year decrease in revenues, from CAD4.4 billion (US$3.1 billion) in the first quarter of 2019 compared with CAD$3.7 billion in the same period of this year.The airline said that due to the impact of the coronavirus, EBIT for the first quarter decreased by 81 per cent year on year from CAD583 million in 2019 to CAD71 million in 2020. Read more here.
OCEAN FREIGHT UPDATES
Capacity control keeps ocean freight rates steady, but container rollovers increasetheloadstar.comOcean carriers are successfully underpinning freight rates through capacity discipline, with reports of container rollovers at Chinese export hubs and detention transhipment ports.Flexport head of ocean freight (EMEA) Martin Holst-Mikkelsen told The Loadstar: “There is a high utilisation, and services on the [Asia-Europe] trade are relatively full for the coming two weeks. Read more here.
South Korea tightens marine fuel legislationsplash247.comFrom the start of September, South Korea will demand vessels berthing and anchoring at its major ports such as Incheon, Yeosu, Busan and Ulsan, to burn bunker fuel with a sulphur content no higher than 0.1%. This will eventually be expanded in 2022 as South Korea will become an emission control area which will require all vessels travelling in its terriotrial to burn 0.1%. Read more here.