CANADA Daily News and Updates
Air Updates
- Maersk Advisory: Implementation of Sustainable Aviation Fuel Surcharge
- Likely Freighter Shortage Ahead
Ocean Updates
- Prime Minister Discusses Trade Issues and Projects at Port of Vancouver
Air Updates
Maersk Advisory: Implementation of Sustainable Aviation Fuel Surcharge
The European Commission has introduced the ReFuelEU Aviation regulation, which mandates fuel suppliers delivering to European Union airports to blend a minimum percentage of sustainable aviation fuel (SAF) into their fuel supply. This requirement begins at 2% in 2025 and will increase incrementally to 70% by 2050.
Although the mandate applies to fuel suppliers, the associated costs are being passed on by airlines through SAF surcharges or adjustments to fuel-related charges. These changes may affect air freight pricing for shipments moving through airports in the European Union and the United Kingdom.
Maersk announced on August 1 that it will introduce an SAF surcharge on applicable air freight shipments. This surcharge reflects the additional costs imposed by airlines and will be clearly itemized in the carrier’s quotations and invoices. The surcharge will be EUR 0.04 per chargeable kilogram.
Read more in the Maersk advisory.
Likely Freighter Shortage Ahead
The air cargo market should be prepared for future capacity constraints as both production freighters and aircraft feedstock for conversions are scarce.
Recently, Atlas Air chief executive Michael Steen warned of a looming shortage of large widebody freighters for the next ten years or more.
A large contingent of today’s fleet is headed for retirement, and output of new freighters is in slow gear, threatening a scenario where retirement of widebody cargo planes outruns fleet replenishment.
Read more in an article from Air Cargo News.
Ocean Updates
Prime Minister Discusses Trade Issues and Projects at Port of Vancouver
Prime Minister Mark Carney on Sunday toured the Port of Vancouver and met with B.C. Premier David Eby.
In a post on X, Carney said: “At the Port of Vancouver today to talk about how we can ship to international markets more efficiently. As we strengthen and diversify our trade partnerships, we’re making sure industries and workers have the tools they need to meet that demand.”
The visit may be significant as the federal government is in the process of determining ‘projects of national significance’ for strengthening Canada’s domestic economy. Eby identified the Port of Vancouver earlier this year as a key economic linchpin for increasing Canadian exports to the Asia-Pacific region.
Read more in an article from Island Social Trends.
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