“Shippers shouldn’t let down their guards, just yet” – a phrase that could be true of any mode right now, but in this instance it refers to air freight. Bruce Chan, analyst for Stifel, warned shippers rates would remain inflated in air cargo, owing to “significant backlogs … in the entire freight...
IAG Cargo’s 18.5% rise in revenue to €1.3bn ($1.6bn) was severely overshadowed by the group’s overall €7.4bn full-year loss. Passenger revenue dived 75%, from €22.4bn to €5.5bn, while it burned through €4.1bn in cash last year. Its cargo division, as with other airlines, was the star of the show, as yields rose 94.6%,...
Container freight and charter markets are continuing to boom post-Chinese New Year, and analysts expect favourable conditions for carriers and shipowners to last at least into the second half. “Unseasonal strength in container volumes and port congestion have buoyed freight markets, while in the time-charter markets, demand for vessels has outstripped wider...
Six global forwarders will ultimately determine the rates paid to airlines by Unicef for vaccine distribution. Yesterday, 16 airlines announced they had signed MoUs with Unicef to support its global vaccination plan. The agreements, which last five years, do not include pricing, according to the UN children’s organisation. “Pricing is outside the scope of...
ING‘s Robert Carnell, regional head of research, APAC, writes (for Seeking Alpha): – Towards the end of last year, the relatively good performance of most Asian economies in terms of the Covid pandemic started to crack. – The deterioration has not been as dramatic as in Europe or the US. – But the tolerance for...
Forwarders have expressed anger at the latest round of air terminal handling charge increases, calling them “monstrous”. WFS is the latest to unveil new charges for January, which, at Heathrow, include a £22.50 ($30.35) Covid charge, with import fees for loose cargo set at £0.20 per kg. Dnata, which, like Swissport, publishes charges...
Some container vessels have been sailing from Asia to Europe under-utilised in recent weeks due to an acute shortage of empty boxes. A carrier source told The Loadstar: “We have had to sail light a few times recently as there are just not enough boxes at depots [in China] to meet the demand.” All...
Transport Intelligence‘s Thomas Cullen writes: The distribution of vaccines for Covid-19 will be a task of some, but not overwhelming, size and complexity. It treads a familiar path for inoculation programmes in both the developed and the developing world. The logistics solutions are familiar and will use resources that are widely available...
THE HEISENBERG writes: Right, but when? That’s the question the whole world wants answered when it comes to the vaccination push. The last several weeks have delivered plenty in the way of encouraging data on Covid-19 vaccines, contributing to a powerful pro-cyclical rotation across assets, even as the US long-end refuses to join in on...
The focus of vaccine distribution so far has been on airline capacity and the ability to deliver at the correct temperature – but security will also be crucial, with armed escorts and convoys expected to be used. In fact, it will be “the biggest security challenge for a generation” according to the...
