Newsletter – November 24, 2017
AIR FREIGHT UPDATES
Air Canada Cargo to cut freighter operation
Air Canada Cargo has confirmed that after a year and a half it will cut its freighter operation to the US, Mexico, Europe and South America.
The Canadian airline confirmed that it would axe its B767-300F freighter partnership with lessor Cargojet at the end of this year. Read more here.
Qatar Airways Cargo launches freighter service to Yangon, Myanmar
QATAR Airways Cargo has commenced direct weekly freighter service to Yangon, Myanmar. The Doha-Yangon-Doha route is operated by an Airbus A330 freighter that provide 60 tonnes of cargo capacity in each direction. Read more here.
OCEAN FREIGHT UPDATES
Box line consolidation failing to deliver expected rate stability
The consolidation of the container shipping industry experienced in the last couple of years will still yield improved profits for container lines despite recent freight rate declines, according to one leading analyst. Read more here.
Dredging of Bangaldesh’s Mongla port to ease congestion at Chittagong
SHIPS with drafts of 10.5 metres will be able to berth at Mongla port in Bangladesh once the dredging of its port channel is completed. The deepening of the channel is intended to turn the port into an alternative option for shippers who had to contend with severe congestion at Chittagong port this summer. Read more here.
French authorities seek national port strategy to improve competitiveness
France needs to draw up a national strategy to make its ports more competitive in the global maritime industry, according to French prime minister Édouard Philippe. Read more here.
CANADIAN BUSINESS GOVERNMENT UPDATES
Canadian North to open facility at Edmonton airport
Edmonton, AB — Canadian North Airlines announced the establishment of its own manufacturing, maintenance, repair and operations (MMRO) facility, which will open during the first quarter of 2018 within its 90,000 square foot hangar at Edmonton International Airport. Read more here.