Newsletter – January 21, 2020
AIR FREIGHT UPDATES
Cargo volumes dropped at major European airports in 2019freightwaves.comWith few exceptions, 2019 will not be remembered as a good year for air cargo at European airports.Several of the region’s largest air cargo hubs have recently reported year-over-year volume declines, and most cited some combination of economic slowdown, U.S.-China trade tensions and local issues as reasons for the poor performance. Major European airlines also suffered cargo volume declines in 2019. Read more here.
Air India will remain our national carrier, orders government: no foreign ownertheloadstar.comAir India must continue to be majority owned by Indian nationals and the board must be made up of 60% Indians, according to reports covering the attempted privatisation of the carrier,The government has rejected a plan which would have allowed dilution of ownership: it can be no more than 49% foreign-owned and the carrier’s headquarters must remain in India. Read more here (login required).
OCEAN FREIGHT UPDATES
Low sulphur fuel found to have higher black carbon emissions than HSFOsplahsh247.comMandated into law for less than three weeks and very low sulphur fuel oil (VLSFO), shipping’s new number one bunkering choice, is already facing calls to be banned, especially in Arctic waters. Read more here.
OOCL announces raft of cancelled Chinese New Year transpacific sailingsseanews.com.trCOSCO’s Orient Overseas Container Line (OOCL) has cancelled numbers of transpacific sailings in response to the annual Chinese New Year slowdown, the Hong Kong-based company announced. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Snowstorms returning to Pacific Northwest this week (with forecast video)freightwaves.comSnowstorms will soon return to the mountain ranges of the western U.S. But at least every region of the country will be free of widespread disruptive weather for the very early part of the week. Read more here.