Newsletter – November 18, 2021

AIR FREIGHT UPDATES

Past The US: Canada’s Flair Airlines Eyes Mexican Expansion

simpleflying.com
The Canadian ultra-low-cost carrier Flair Airlines has announced it will expand its connectivity to Mexico by launching routes to Cancun and Los Cabos from five Canadian cities, starting next year. Let’s investigate further. Read more here.

OCEAN FREIGHT UPDATES

How to make a billion when your ships are stuck at anchor

freightwaves.com
Ocean carrier Zim, by far the largest U.S.-listed shipping company by market cap, just blew away the profit forecasts. Again. But it’s not all smooth sailing.
The Israel-based shipping line (NYSE: ZIM) is particularly exposed to the trans-Pacific trade lane, where port congestion is now having an extremely negative effect on volumes. Read more here (login required).

US exporters call for more scrutiny of alliances as west coast congestion eases

theloadstar.com
Agricultural exporters in the US have called on authorities to impose greater scrutiny on shipping alliances and the behaviour of shipping lines during the pandemic.
“Today a system of global alliances dominates global shipping, where nine carriers that have been organised into three alliances controlling about 80% of the global shipping market, and 95% on the critical east-west tradelanes,” said the Agriculture Transportation Coalition (AgTrans). Read more here (login required)

Hapag-Lloyd bids to cut soaring network costs by using fewer hub ports

theloadstar.com
Ocean carriers, obliged to temporarily omit severely congested ports during the current supply chain disruptions, are rethinking their network coverage in favour of a permanent change to fewer hubs.
Hapag-Lloyd devoted a section of its Capital Markets Day yesterday to its aim of driving down its “complex” network costs, which would help it achieve a top-tier ranking for schedule reliability. Read more here (login required)

India’s container market is cooling, but ‘kinks’ in supply chains persist

theloadstar.com
India’s container shipping market has “cooled” in recent weeks, but a lack of capacity at east coast ports is a headache for exporters.
Throughput figures from the Indian Ports Association show the country’s top 12 container ports enjoyed nearly 30% growth between April and October, with total volumes of 6.42m teu. Read more here (login required).

CANADA BUSINESS  GOVERNMENT UPDATES

CBSA Working to Address Challenges Resulting from B.C. Flooding

ciffa.com
The CBSA issued the following notice:
“As a result of the unfortunate flooding occurring in British Columbia, we have received numerous questions and requests for guidance. We want to assure you that we are aware of the various challenges that this situation has presented to all, and as a result, we are working diligently to clarify reporting requirements and to devise potential solutions to accommodate domestic movements moving in-transit through the United States to reach their final destination.
“The CBSA is actively engaging with various industry sectors, Regional Operations, US Customs and Border Protection  and other government departments to identify resolutions.”

INTERNATIONAL BUSINESS –  GOVERNMENT UPDATES

Very heavy spell of rain forecast for Chennai, surrounding districts on November 17, 18

A red alert has been issued for Chennai and its neighbouring districts — Tiruvallur, Kancheepuram and Ranipet — for November 18. Extremely heavy rain, measuring above 20.4 cm, is likely in one or two places. Read more here.