Newsletter – September 16, 2019
AIR FREIGHT UPDATES
United Airlines Could Hike Fares Next Year Amid High Demandsimpleflying.comChicago based United Airlines could hike fares next year amid high demand, even though they expect the Boeing 737 MAX to be back in service. While speaking at a conference last Thursday, United Airlines President Scott Kirby said he saw room for an increase in fares based on the current supply and demand situation. Read more here.
Uncertainty hits Hong Kong cargo volumesaircargonews.netCargo throughput at Hong Kong International Airport (HKIA) dropped 11.5% year-on-year in August to 382,000 tonnes due to global trade uncertainty, said the airport authority. Read more here.
Lufthansa Cargo blacklisting move highlights the challenge of DG shipmentsaircargonews.netOPINION: Lufthansa Cargo temporarily blacklisted a manufacturer and two forwarders following an incident at Hong Kong International Airport. Read more here.
OCEAN FREIGHT UPDATES
Shipping braces for fuel cost surge after Saudi oil attackfreightwaves.comThe shipping industry faces soaring fuel bills in the coming weeks following drone attacks on the Saudi Arabian oil industry.Brent crude oil prices saw record surges when Asian markets opened Sept. 16, after 10 unmanned aerial vehicles struck the world’s largest crude-processing facility in Abquiq and the Kurais oil field, Saudi Arabia’s second largest, Sept. 14. Read more here.
Port Report: Further blank sailings forecast by container lines as spot rates tumblefreightwaves.comContainer shipping lines are expected to blank more Asia-Europe sailings in the coming quarter as they seek to stave off further freight rate declines after a weak peak season. Read more here.
FIATA calls for urgent dialogue on misdeclaration fineslloydsloadinglist.comFIATA is calling for urgent dialogue with ocean lines in the wake of recent moves by several leading carriers to impose penalties on shippers who misdeclare cargoes. Read more here.