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Newsletter – January 9, 2020
AIR FREIGHT UPDATES
Azerbaijan opens its skies to foreign carriers as it eyes trade hub status
theloadstar.comAzerbaijan looks set to see greater use of its airports by foreign carriers following the country’s decision to open up landing rights and offer free services and subsidies to visiting airlines. Read more here.
OCEAN FREIGHT UPDATES
Ocean Alliance announces new offering for shippers
canadianshiper.comThe Ocean Alliance partners have presented their new service offering which would see the shipping majors deploy a total of 325 containerships.French container shipping giant CMA CGM signed with its Asian counterparts COSCO Shipping, Evergreen and OOCL the launch of Ocean Alliance Day 4 Product. Read more here.
Container-line consolidation has failed to increase freight rates
freightwaves.comThe start of a new year is prime time to reflect upon not just the prior year, but the longer-term journey. In the container-shipping sector, a central question is: With all of the ownership consolidation and alliances, has the industry been able to charge more over time to move a container from port A to port B? Read more here.
HMM warns of ‘considerable’ uncertainty in 2020
lloydsloadinglist.comHyundai Merchant Marine chief executive Jae Hoon Bae has warned that 2020 will be a year of “considerable uncertainty”, marked by geopolitical uncertainty and an oversupplied market. Read more here.
Rising low-sulphur fuel costs begin to bite shipping lines in Asia
theloadstar.comAlthough the 1 January switch to maximum 0.5% low-sulphur fuel for shipping appears to have passed without major disruption, liner consultancy Alphaliner has reported instances of idle containerships waiting for compliant fuel. Read more here.
EC launches new probe into ‘dubious’ Italian port tax exemptions
theloadstar.comThe European Commission’s competition watchdog has launched an in-depth investigation into tax exemptions granted to Italian port authorities.The move comes a year after the EC launched an initial probe into tax exemptions granted by the governments of Spain and Italy to port authorities. Read more here (login required).