Newsletter – January 27, 2020
AIR FREIGHT UPDATES
China Southern To Resume Wuhan International Service In Marchsimpleflying.comDespite not knowing when they will be able to resume flights to Wuhan, China Southern Airlines has in the last 48-72 hours filed a schedule update for flights to start operating again in March. Read more here.
OCEAN FREIGHT UPDATES
Ocean shipping in coronavirus crosshairsfreightwaves.com
The only risk to improved tanker fleet utilization in 2020-21 is “a black-swan economic event that punishes global oil demand,” wrote Evercore ISI analyst Jon Chappell in his latest shipping forecast. Read more here.
Anticipated Chinese New Year demand surge disappoints
lloydsloadinglist.comThe traditional surge in demand on Asia-Europe container shipping and air freight lanes ahead of Chinese New Year (CNY) proved something of a ‘damp squib’ this year, with box spot rate gains in January largely the result of carriers limiting capacity, according to forwarders and 3PLs. Read more here.
Montreal terminal orders four ship-to-shore cranescanadianshipper.comMontreal, QC – Montreal Gateway Terminals Partnership (MGT) have ordered four Liebherr ship-to-shore (STS) cranes for its Cast Container Terminal in Montreal to help with increased container traffic. Read more here.
Video series highlights strategic importance of Halifax portcanadianshipper.comHalifax, NS — DB Schenker, has released a series of video events in with a focus on the Port of Halifax and its growth in global trade. In Q&A’s hosted by DB Schenker, Lane Farguson, Communications Manager for the Halifax Port Authority (HPA), Suzanne Rix, Honorary Consul for Germany for the Maritime Provinces, Leonard F. Hutabarat, Indonesia’s Consul General, Eric Dewey, CEO, DB Schenker Canada Ltd., and Brian Holden, Head of Trade Management, DB Schenker Americas, talked about the strategic significance of the Port of Halifax as a major gateway to trade from Southeast Asia as well as Europe. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
E-commerce growth fuelling urban logistics challengeslloydsloadinglist.comGrowing demand for e-commerce delivery will result in 36% more delivery vehicles in inner cities by 2030 and without effective intervention, urban last-mile delivery emissions and traffic congestion are on track to increase by over 30% in the top 100 cities globally, according to a report by the World Economic Forum (WEF). Read more here.