Newsletter – May 21, 2020
AIR FREIGHT UPDATES
Kolkata Airport re-opens after devastating cyclone hitsaircargonews.netIndia’s Kolkata Airport has restarted cargo operations after it was hit by Cyclone Amphan last night. The cyclone hit Kolkata yesterday with winds reaching 120 km per hour. Read more here.
China’s new ‘gate-in’ rule for air cargo has prompted fears of more freighters flying out emptytheloadstar.comFollowing some of the worst-ever cargo congestion at Shanghai PVG at the start of the month, which then spread to other airports, authorities issued a new directive to ground handling agents that cargo may not arrive more than 28 hours before a flight. Read more here.
Air cargo in stable condition following coronavirus crisisaircargonews.netWhen the status of a patient submitted into hospital is described as ‘stable’ it often means that they are not well at all, but that, for the time being, their condition is not getting worse. The same diagnosis can be applied to the current state of the air cargo market.An examination of global air cargo growth rates indicates that ‘stable’ seems to be about as good an analysis as we can offer for the industry as a whole right now. Read more here.
Air cargo capacity slides as airport congestion slows operationsaircargonews.netThe gap between air cargo capacity in 2020 and last year has grown again as airport congestion has slowed freighter operations.The latest data from Accenture’s Seabury Consulting shows that global air cargo capacity was last week 28% lower than a year ago. Last week the figure stood at 25%. Read more here.
US airlines add June capacity as passenger bookings inch backfreightwaves.comAirlines are beginning to show small signs that they’ve escaped the market’s rock bottom and are attracting more customers as states begin easing coronavirus stay-home orders.The flickers of returning passenger demand are leading them to add back some capacity into their networks. The additional flights also will help shippers that need air transport for their goods. Read more here.
OCEAN FREIGHT UPDATES
Growing demand for space pushes carriers to reinstate blanked voyagestheloadstar.comAs demand for container shipping appears set to increase, the top priority for shippers is securing space on vessels and container equipment, according to a new survey of European Shippers’ Council members.The survey, conducted in conjunction with Drewry Supply Chain Advisors, also found shippers were becoming increasing nervous about the financial position of their transport providers. Read more here.