Newsletter – February 19, 2018
AIR FREIGHT UPDATESAir France-KLM reverses two years of decline to post revenue growth in 2017source: theloadstar.co.ukAir France-KLM rebounded from a terrible 2016 to record an upturn in its cargo performance last year.The Franco-Dutch carrier reported growth, albeit marginal at 0.9%, in cargo revenues to €2.09bn, following two successive years of decline. Read more here.
Air Canada adding more planes to Rouge for use on domestic routessource: canadianshipper.comMontreal, QC —Air Canada is looking to cut operating costs and defend against competition from upstart low-cost competitors by adding more planes to its Rouge fleet and flying them on regional routes within Canada. Read more here.
OCEAN FREIGHT UPDATESPorts of Rotterdam and Antwerp brace for financial impact of a hard Brexitsource: theloadstar.co.ukThe ports of Rotterdam and Antwerp are bracing for the worst effects of Brexit: the huge cost of adjusting customs and inspection procedures and new infrastructure investment to avoid serous supply chain delays after next March.“It is negotiate for the best, and prepare for the worst,” Port of Rotterdam Authority chief executive Allard Castelein said. Read more here.
Maersk Quietly Signs for two more 15,226 teu shipssource: splash247.comDespite preaching to its peers for restraint at Asian yards, it has emerged Maersk Line, the world’s largest containerline, has actually been adding tot he global orderbook.Clarkson Research reports that it has just come to light that the Danish carrier has extended its series of 15,226 TEU containerships at Hyundai Heavy Industries by declaring an option for two additional vessels. Read more here.