Newsletter – May 24, 2022

AIR FREIGHT UPDATES

Delhi Airport Delays And Diverts Dozens Of Flights Due to Bad Weather

simpleflying.com
Monday was a rocky day for Delhi Airport, with flights disrupted in the early hours of the morning and again in the night. The city has been hit with storms and winds as fast as 75km/hr during the pre-monsoon rains in recent days. All of this saw over 35 flights diverted to nearby airports and 100s more delayed as Delhi waited for safer conditions. Read more here.

KLM Cancels A Dozen More Flights Amid Staff Shortages

simpleflying.com
Once again, KLM Airlines is canceling flights at Schiphol airport due to staff shortages. Since January, the airline has been canceling flights because of lack of staff, COVID-related sickness or absenteeism. Both the airline and the airport face challenges in matching staff capacity to flights, as demand for inter-European travel soars. Read more here.

OCEAN FREIGHT UPDATES

Covid slows China port volume growth, as Tianjin enters new lockdown

theloadstar.com
Container volumes at China’s ports increased slightly during January-April, despite the impact from widespread Covid restrictions, including another lockdown in Tianjin.
According to China’s ministry of transport, port volumes increased 1.7% year on year during the period, to 91m teu, with 23.6m handled in April alone. Read more here (login required).

Liner shipping’s ‘mind-bending’ profits flow in

splash247.com
By the end of 2022, the container shipping industry will have earned Iin unprecedented half a trillion dollars of operating profit from two years of supply chain pain and record freight rates, according to estimates from research firm Drewry. Read more here.

FIATA issues multimodal electronic bill of lading for all members

theloadstar.com
FIATA has released a paperless bill of lading (B/L), which can be accessed with existing technology, for the use of its members.The electronic B/L, approved by the International Chamber of Commerce, uses blockchain to authenticate documents and provide an audit trail. Read more here (login required).

INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

U.S. FMC Commissioner Rebecca Dye presents Final Report of Fact Finding 29, “International Ocean Transportation Supply Chain Engagement”

ciffa.com
The Federal Maritime Commission met in open session Wednesday May 18 to receive updates on: Fact Finding 29, International Ocean Transportation Supply Chain Engagement;Commissioner Rebecca Dye presented her [Final Report](http://HOLIDAYSUSAMemorial DayMay 30IN THIS ISSUEIndian Airports Leave International Airline Fee Collection SystemONE and Evergreen launch cross-alliance slot-charter transpac AIR FREIGHT UPDATESDelhi Airport Delays And Diverts Dozens Of Flights Due to Bad Weathersimpleflying.comMonday was a rocky day for Delhi Airport, with flights disrupted in the early hours of the morning and again in the night. The city has been hit with storms and winds as fast as 75km/hr during the pre-monsoon rains in recent days. All of this saw over 35 flights diverted to nearby airports and 100s more delayed as Delhi waited for safer conditions. Read more here. KLM Cancels A Dozen More Flights Amid Staff Shortagessimpleflying.comOnce again, KLM Airlines is canceling flights at Schiphol airport due to staff shortages. Since January, the airline has been canceling flights because of lack of staff, COVID-related sickness or absenteeism. Both the airline and the airport face challenges in matching staff capacity to flights, as demand for inter-European travel soars. Read more here. OCEAN FREIGHT UPDATESCovid slows China port volume growth, as Tianjin enters new lockdowntheloadstar.comContainer volumes at China’s ports increased slightly during January-April, despite the impact from widespread Covid restrictions, including another lockdown in Tianjin.According to China’s ministry of transport, port volumes increased 1.7% year on year during the period, to 91m teu, with 23.6m handled in April alone. Read more here. https://theloadstar.com/covid-slows-china-port-volume-growth-as-tianjin-goes-into-new-lockdown/ Liner shipping’s ‘mind-bending’ profits flow insplash247.comBy the end of 2022, the container shipping industry will have earned Iin unprecedented half a trillion dollars of operating profit from two years of supply chain pain and record freight rates, according to estimates from research firm Drewry. Read more here. FIATA issues multimodal electronic bill of lading for all memberstheloadstar.comFIATA has released a paperless bill of lading (B/L), which can be accessed with existing technology, for the use of its members.The electronic B/L, approved by the International Chamber of Commerce, uses blockchain to authenticate documents and provide an audit trail. Read more here (login required). INTERNATIONAL BUSINESS - GOVERNMENT UPDATESU.S. FMC Commissioner Rebecca Dye presents Final Report of Fact Finding 29, “International Ocean Transportation Supply Chain Engagement”ciffa.comThe Federal Maritime Commission met in open session Wednesday May 18 to receive updates on: Fact Finding 29, International Ocean Transportation Supply Chain Engagement;Commissioner Rebecca Dye presented her Final Report, https://ciffa.apms5.com/anywhere/m?s=ciffa&m=s_27f3d632-509f-4b1b-8e62-b80f594a4bf5&u=e1jq4wvfdtfk6da568t44ctg5n33gh9k5mu3ac9p5n0k6d1t5mum8h2268t3ecu374tk8&r2=d1u78w3k78qjyxvqewq6cvb35tkpyxhfctpp6bbjcnhpaubpcntjutk1cdu2utk9dtj6jvk75mt3jbb6d5q62v1de9jp6vvddnjpwt31ehmpyvkk5nmpwx35e9ppyt31dgppawbnd5r6utbeegpq4tbgdxt78btzenu6uqv3c5pq0rb9cxq3uta2enp6rtbmd5q5ychj60uk4d16enu6uqvdcnj6jxbd7njpurb9dgk7ax3dbxtpyxbjcdjkurbnehqq0ubcdxu0&n=8 of Fact Finding 29Shanghai aims to end lockdown in Juneaircargonews.netShanghai is aiming to end the Covid lockdown that has heavily affected manufacturing output on June 1.The city’s deputy mayor outlined a phased approach to lifting its lockdown and restrictions on movement started to ease after March 21. Read more here. https://www.aircargonews.net/business/supply-chains/shanghai-aims-to-end-lockdowns-in-june/Amazon plans to sublease unused warehousesinsidelogistics.caAmazon is planning to sublease some of its warehouse space now that the pandemic-fueled surge in online shopping, which helped the e-commerce giant rake in soaring profits in the past two years, has eased.Subleasing allows the company to “relieve the financial obligations associated with an existing building that no longer meets” its needs, Amazon spokesperson Alisa Carroll said. Read more here. https://www.insidelogistics.ca/e-commerce/amazon-plans-to-sublease-unused-warehouses-181187/CANADA BUSINESS - GOVERNMENT UPDATESLabour shortages forcing Quebec SMEs to shift operationsinsidelogistics.caFifteen percent of Quebec-based small and medium companies (SMEs) say they have had to relocate operations outside the province because they cannot find workers.According to the Quebec manufacturers association’s (STIQ) most recent Quebec Industrial Barometer, labour shortages are the worst the association has seen since starting the barometer 13 years ago. Read more here.INTERNATIONAL BUSINESS - GOVERNMENT UPDATESPrologis: US logistics real estate market hits record-low 16-month supplyfreightwaves.comSeveral data points provided Wednesday by logistics real estate provider Prologis showed warehouse space is likely to remain constrained for some time.A new metric, “true months of supply (TMS),” which compares current vacancies plus the development pipeline to trailing net absorption, has fallen to 16 months in Prologis’ 30 U.S. markets. Historically, that metric hovers around 36 months during expansionary periods and prior to 2021, it has never dipped below 32 months. Read more here.CONTACT USHEAD OFFICE725 Montée de Liesse, Saint-Laurent, Québec, Canada H4T 1P5Office: +514.905.1246Fax: +514.905.1247Website: www.oecgroup.ca You’re receiving this newsletter because you’ve subscribed to the OEC Group Newsletter.Not interested anymore? Unsubscribe. Copyright © 2021 OEC Group ).