Newsletter – July 16, 2018
AIR FREIGHT UPDATES
Hong Kong Airport on course for another record year for cargo
Hong Kong International Airport (HKIA) is set for another record year after handling 2.5m tonnes of cargo and airmail in the first six months of 2018, a 3.5% year-on-year increase.
HKIA attributed the cargo growth largely to transhipments. In June, the airport handled 424,000 tonnes of cargo and airmail, increasing 0.9%. Read more here.
Ryanair Flight Makes Emergency Landing, 33 Hurt
Over 30 passengers were taken to hospital after their Ryanair flight to Croatia lost cabin pressure and had to make an emergency descent and landing. Read more here.
OCEAN FREIGHT UPDATES
Bangladesh’s Chittagong port continues to buy equipment to modernise
BANGLADESH’s Chittagong port is ploughing full steam ahead with its modernisation plans after handling 2,808,554 TEU in the last fiscal year (2017-18), an increase of 12.2 per cent compared to the previous year. Read more here.
Ocean carrier reliability rebounds after record lows in early 2018
The three major ocean carrier alliances began to drastically restore schedule reliability in the second quarter of this year, after letting service levels drop to new lows at the start of 2018, according to SeaIntel Maritime Analysis’ June 2018 Global Liner Performance Report. Read more here.
Maersk looks to Liverpool as Felixstowe continues to struggle
MAERSK Line is moving two 2M alliance service calls to Liverpool for 12 weeks as continuing problems at Felixstowe provide a boost to Peel Ports’ operation in the northwest of the UK. Read more here.
Threat to container charter market as carriers drift towards heavy losses
While container shipping lines face soaring operational costs, recent signs that they are preparing to suspend services in light of weakening demand suggest vessel charter rates could also come under pressure. Read more here (login required).
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Cargo Theft Rising in Canada
A voluntary reporting system for tracking cargo theft in Canada has led to a database showing a steady rise in thefts, though the true extent of the problem isn’t clear. Read more here.