Newsletter – September 25, 2023
AIR FREIGHT UPDATES
Air Canada Orders Up To 30 Boeing 787-10 Widebody Aircraft
Air Canada has today revealed that it has placed firm orders for 18 Boeing 787-10 aircraft, with 12 more options for further deliveries. The Canadian flag carrier expects to take delivery of these aircraft from the American planemaker as soon as 2025. The deal means that Air Canada will become one of just a handful of carriers to operate all three variants of the Dreamliner. Read more here
Air Canada cancels Boeing order for 777 freighters
Air Canada has canceled an order with Boeing Co. for two factory-built 777-300 freighters, opting to pump the brakes on the rapid expansion of its new freighter fleet amid an 18-month recession in airfreight that has sharply slashed the company’s cargo revenue.
Air Canada (TO: AC) said Monday it will no longer take delivery of the 777 cargo jets in 2024. The disclosure was part of an announcement that Air Canada has ordered 18 Boeing 787-10 passenger aircraft. Air Canada said it decided to convert the order for freighters to 787s instead. Read more here (login required).
OCEAN FREIGHT UPDATES
St Lawrence traffic suspended following cement carrier grounding
Two tugs have been dispatched from Montreal to assist the NACC Argonaut, a cement carrier that ran aground on Sunday morning on the St Lawrence River near Cornwall in Ontario.
Traffic along the river has been suspended with authorities concerned that the cement carrier has taken on water. The ship has developed a list to port. Having veered off the fairway, the ship is wedged between an island and a dyke making it impossible for other ships to pass. Read more here
‘Under pressure’ MSC not blinking yet as re-stocking languishes
Italo-Swiss firm Mediterranean Shipping Company (MSC) doesn’t intend to give up its quest for world dominance in shipping, despite the obvious risk that its hard-thought, bellicose strategy carries in principle.
It’s easy to argue that there is more than meets the eye with Geneva, you probably know that. Read more here (login required).
GROUND AND AIR FREIGHT UPDATES
Trucking looks set to push for more use of biofuel in Europe
As the EC FuelEU Maritime sidelines biofuels on environmental grounds, the trucking industry has begun a push to increase its adoption for road transport in the UK.
The UK Department for Energy Security & Net Zero released its Biomass Strategy in August, which specifies that, with limited supply available, biomass should be allocated to hard-to-decarbonise sectors, such as power, heating and transport. Read more here (login required).
INERNATIONAL BUSINESS – GOVERNMENT UPDATES
Mexico-US trade flows checked as borders become pressure points
Mexican officials are trying to stem the flow of migrants headed for the US, which has forced the suspension of some rail operations and truck processing at major border crossings.
The number of people trying to reach the US has soared recently; according to TV news station CNN, over 8,600 migrants crossed the border within 24 hours. Read more here (login required).