Newsletter – January 13, 2020
AIR FREIGHT UPDATES
Cathay Pacific Confirms It Won’t Cut Capacity To New Yorksimpleflying.comOn Saturday we reported that Cathay Pacific would be cutting its capacity to New York JFK. The schedule on their website appeared to show that on October 25th and onwards, only one out of the three daily services we’re used to were available. Read more here.
Volcanic Eruption Disrupts Manila Airport Operationssimpleflying.comPlumes of ash and steam from a volcano in the Batangas province some seventy kilometers south of Manila has forced the closure of Ninoy Aquino International Airport overnight. Last night and throughout this morning, scores of flights have been canceled, disrupting the travel plans of thousands. Read more here.
Flooding Wreaks Havoc At Dubai International Airportsimpleflying.comSince Saturday, the third busiest airport in the world has had to deal with delayed, diverted and canceled flights as heavy rains have led to intense flooding. Dubai International Airport is scrambling to cope with the extreme weather, working to get its operations back to normal. Read more here.
OCEAN FREIGHT UPDATES
Rising Prices Show Tighter Supplies of Cleaner Fuel for Global Shippinggcaptain.comThe price of very low-sulfur fuel oil has risen in recent months, a sign of increasing worry there is not enough of the fuel to comply with new global shipping laws that took effect this year, market participants said. Read more here.
Weak November means imports likely coming up short for 2019freightwaves.comU.S. import container volumes may drop for 2019, albeit slightly, for the first time in a decade as gyrations in U.S.-China trade play havoc with shipper demand, according to a major trade group.The National Retail Federation (NRF) and Hackett Associates expect containerized goods imports to reach 21.6 million twenty-foot equivalent units (TEUs) in 2019. Read more here.