Newsletter – October 17, 2019
AIR FREIGHT UPDATES
Air Canada 737 MAX Ban Extended Into Februarynews.airwise.comAir Canada has removed the Boeing 737 MAX from its flight schedule until February 14, citing operational considerations. Read more here.
Lufthansa strike still scheduledfreightwaves.comLufthansa has confirmed to FreightWaves that the cabin crew strike scheduled for Oct. 20 at two German airports is still on schedule. German cabin crew union UFO urged members on Oct. 15 to walk off their jobs at five carriers that are part of Lufthansa Group: Lufthansa, Eurowings, Germanwings, Cityline and Sunexpress. Read more here.
Air cargo market ‘unpredictable’ as nervous airlines review strategytheloadstar.comIt’s a very peculiar time for air cargo: the ‘peak’ season should be seeing the market tighten and, in a couple of months when collated data is released, we may find there was some measure of volume and/or rate rise. Read more here.
OCEAN FREIGHT UPDATES
Maersk may be on course to lose its crown as the world’s biggest box carriertheloadstar.comMSC is on course to overtake alliance partner Maersk as the biggest ocean carrier by capacity within the next two years.A new order for five 23,000 teu ULCVs from the South Korean Daewoo yard will take the Geneva-based carrier’s orderbook to 16 vessels, for a massive 305,352 teu, according to Alphaliner data. Read more here (login required)
Hutchison adds more capacity at Karachisplash247.comImran Khan, prime Mminister of Pakistan met Eric Ip, group managing director of Hutchison Ports, yesterday to discuss the Hong Kong terminal operator’s expansion plans in south Asia. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Nike Will Reportedly Stop Supplying Some Independent Stores by 2021solecollector.comNike will reportedly stop supplying some of its independent retailers by 2021 as the brand is expected to start shifting its focus on a more direct-to-consumer approach.According to The Sunday Times, it claims that the sportswear giant has notified a handful of independent sneaker retailers that access to its products will be ending, stating that the brand’s way of stocking its goods is “no longer aligned” with its approach to distributing its products. Read more here.