Newsletter – October 14, 2020
AIR FREIGHT UPDATES
Delta Says That Corporate Travel Has Been Resumed By Mostsimpleflying.comDespite third-quarter business travel being nothing like the levels seen before the coronavirus, Delta says that some of its corporate business travel has returned. After posting another multibillion-dollar net loss yesterday after the peak summer travel season fell victim to the coronavirus, Delta executives remained upbeat. Read more here.
AF KLM Cargo launches new app for segregation checksaircargonews.netAir France KLM Cargo has launched a new app that will help with ensuring the segregation of goods according to IATA standards when building pallets.The airline group explained that the free-of-charge app can scan for symbols to make sure that cargo — such as dangerous goods — is segregated according to standards. Read more here.
Maersk’s first airfreight shipment takes off from Thailandtheloadstar.comMaersk has completed its first airfreight charter after dumping the Damco brand last month.It was the first of 11 charter flights for a tyre manufacturer in Thailand, with the cargo arriving in Nagoya, Japan, on Sunday. Read more here.
OCEAN FREIGHT UPDATES
Ocean carriers on a high and ‘surfing a wave’ of profitabilitytheloadstar.comOcean carriers are “taking advantage of the moment”, according to Alphaliner, boosting their balance sheets on the back of booming demand and all-time high spot rates.Carriers are “surfing a wave”, said the consultant, but added that mid-term visibility was low and global growth predictions for next year and beyond were shrouded in uncertainty. Read more here.
MSC vessel makes history linking the UAE with Israelsplash247.comAt dawn yesterday the 8,204 teu MSC Paris made history, calling at Israel’s port of Haifa having taken cargo from the United Arab Emirates.The ship arrival comes weeks after Israel and the UAE resumed diplomatic ties and marks the start of a new weekly service from Dubai that will link the two former foes. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
EU can put tariffs on US$4 billion of US goodsinsidelogistics.caGENEVA – International arbitrators said Tuesday that the European Union can impose tariffs and other penalties on up to US$4 billion worth of U.S. goods and services over illegal American support for plane maker Boeing. The move further sours transatlantic ties at a time when the coronavirus has doused trade and savaged economies.The ruling by the World Trade Organization arbitrators, which could inflame Trump administration criticism of the Geneva-based body, amounts to one of the largest penalties handed down by the WTO. Read more here.
Cost of trading in Northern Ireland will soar, but shelves will be stockedtheloadstar.comThe cost of trading in Northern Ireland is set to soar, post-Brexit – but claims that there will be food shortages have been dismissed as “scare-mongering”.Director of the Northern Ireland Retail Consortium, Aodhan Connolly, last night warned that new customs requirements could cost retailers “tens of thousands of pounds per load”. Read more here.