NEWSLETTER NOVEMBER 29, 2022
AIR FREIGHT UPDATES
Cathay Pacific hungry for freighters
Cathay Pacific is in talks to acquire more freighters to expand its air cargo capacity.
Chief customer and commercial officer Ronald Lam said that the airline is in active discussion with OEMs (original equipment manufacturers). Read more here.
MSC Air Cargo prepares for take off as first freighter arrives
MSC Air Cargo will soon launch operations as its partner airline Atlas Air has taken delivery of the first freighter that it will operate on behalf of the shipping company.
Atlas Air said that is had today taken delivery of a B777-2oo freighter that it will operate on behalf of MSC Air Cargo as part of a previously announced ACMI agreement. Read more here.
Potential Holiday Chaos As Airline Staff Plan Strikes Worldwide
The Thanksgiving holiday just passed in the United States, and Christmas is rapidly approaching, a hectic time for airlines everywhere. Airlines are preparing for a busy December, and staff at many airlines worldwide are preparing to strike if contracts are not renewed. Read more here.
OCEAN FREIGHT UPDATES
Things ‘not all bad’, says Maersk as it revamps network for the ‘new normal’
Major Chinese export markets are showing signs of a recovery after the steep post-Golden Week holiday decline, led by a rebound in demand for intra-Asia services, according to the latest Asia-Pacific market update from Maersk. Read more here (login required).
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
How company culture can prevent cargo theft ‘inside jobs’
COVID-19 and the six-day-long grounding of container ship Ever Given. Chinese port closures and the war in Ukraine. Businesses have experienced supply chain disruption at every turn in recent years. In this highly unpredictable environment, it’s not just freight industry professionals who’ve struggled to predict supply timeframes, it’s been a challenge for crime syndicates too. Read more here.
Chinese stocks rally as shipping looks on for signs of Beijing easing covid measures
The stock markets in Hong Kong, Shenzhen and Shanghai closed up today as Beijing cracked down on nationwide protests and gave an indication that it was going to up its vaccination programme among the elderly, seen as a key hurdle in the opening up of the country post-pandemic.
Protests at China lockdowns spread, with supply chains looking vulnerable again
Anti-lockdown protests have broken out across multiple cities in China, and the fresh Covid-restrictions threaten supply chains again.
A fire which killed 10 people in Urumqi, capital of the western Xinjiang region, appears to have triggered the widespread unrest, and strong-arm reprisals from the authorities. Read more here (login required).