With the benefit of hindsight, ocean carriers would not have been anywhere near as bullish with their scrubber strategies, it was claimed this week. Japanese ocean carrier ONE has just 5% of its fleet fitted with the exhaust gas cleaning systems, compared with HMM’s 80%, Evergreen’s 57% and MSC’s 43%. Alphaliner said the...
Deutsche Welle reports: France will enter a new coronavirus lockdown on Friday until at least December 1. French President Emmanuel Macron announced the new restrictions in a speech from the Elysee palace after an emergency meeting. New restrictions – People can only leave home to go to work, to go to school, for a medical...
Kalitta Air will become the first airline to operate Boeing 777-300ERSF converted freighters after signing an agreement with lessor GECAS... Read More The post Kalitta Air to become first operator of converted B777 freighter appeared first on Air Cargo News. ...
It was a rather weak interim update from CH Robinson on Tuesday, which pushed down its stock as much as 5.5% in after-hour trade. Operating cash flow and working capital management were particularly poor in the first nine months of the year (page 12 here; check out the changes in receivables..). Expect more...
Delta Cargo has approved the use of the DoKaSch Opticooler RAP container as part of its cold chain pharma service.... Read More The post Delta Cargo approves DoKaSch cooler for vaccine transportation appeared first on Air Cargo News. ...
ZERO HEDGE reports: (Authored by Lance Roberts via RealInvestmentAdvice.com) I recently published an article discussing why “recessions” are a good thing by reverting debt buildups excesses during expansions. The argument against debt reversions is always the same in that “debt-to-income” ratios low. To wit: “One reason (of many) we don’t need a debt reversion is that household debt...
Wales-based MRO Caerdav is seeking to move into the cargo conversion market as it looks to capitalise on expected growth... Read More The post Caerdav rocks up to the cargo conversion market appeared first on Air Cargo News. ...
MARKETWATCH reports: Buckling under the resurgence of the coronavirus in Europe, the Spanish government on Sunday declared a national state of emergency that includes an overnight curfew in hopes of not repeating the near collapse of the country’s hospitals. Meanwhile, Italy’s leader imposed at least a month of new restrictions across the country...
The dearth of air freight capacity has led to an increasing number of offers for freighters that either do not exist, or are parked in the desert not ready to fly. Charter brokers claim scams became prevalent during the PPE rush, as governments and inexperienced bookers urgently sought capacity. “Regretfully, it’s becoming more...
Container shipping spot rates on the main deepsea east-west trades this week maintained the historic highs seen in recent weeks. Today’s Shanghai Containerised Freight Index demonstrates that carriers continue to hold the upper hand as the annual round of contract negotiations on the Asia-Europe trades looms. The SCFI’s Shanghai-North Europe route ticked up...
