Newsletter – January 10, 2020
AIR FREIGHT UPDATES
Which Airlines Are Still Flying Through The Iraq Iran Corridor?simpleflying.comFollowing the crash of Ukraine International Airlines PS752 outside Tehran on Wednesday and the escalation of hostilities in the region, several airlines announced they would no longer be overflying the area. Additionally, some regulatory authorities such as the FAA banned its airlines from the airspace. Read more here.
OCEAN FREIGHT UPDATES
Chittagong port ready for a business boost as connectivity expandstheloadstar.comChittagong port officials think its hinterland connectivity will improve significantly this year, boosting its handling capacity and facilitating trade.Last year, the port handled just over three million teu of containers, up 6.34% on 2018, along with 103m tonnes of bulk cargo, up 7%. Read more here (login required).
Maritime Tensions Between Indonesia and China Escalatemaritime-executive.comThe resurgence of tensions between Indonesia and China in the South China Sea is a development to monitor in 2020, for it has broader implications for the Indo-Pacific region. Read more here.
‘More calls and faster transits’ in Ocean Alliance east-west service shake-uptheloadstar.comOcean Alliance members CMA CGM, Cosco, Evergreen and OOCL (part of the Cosco group) – have announced their new Day 4 east-west trade network enhancements, scheduled to start from April. Read more here (login required).
Carriers ‘stick to their guns’ on rates, hoping to sail through post-CNY downturntheloadstar.comHaving succeeded in pushing up container spot rates from Asia to Europe and to the US, ocean carriers are now turning their attention to securing as much cargo as they can for sailings after the Chinese new year (CNY) holiday. Read more here (login required)
GROUND AND RAIL FREIGHT UPDATES
Pay-as-you-drive lease option could protect carriers during market slowdownsfreightwaves.comThe constant ebb and flow of the trucking industry can make it difficult for fleets to accurately predict how many loads they can expect to move next quarter, much less next year. This can make leasing equipment a gamble. As more and more carriers close up shop, it has become a gamble that some companies may not want to take. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Trade war helps keep Mexico as top US trading partnerfreightwaves.comMexico continues to be the top trading partner for the United States, ranking No. 1 in total trade value through November, at $567.81 billion.It marks the 11th straight month Mexico has been in first, with Canada second and China third. China had led the list from July 2017 until December 2018. Read more here.