Ocean carriers debut Boeing 777 freighters on Asia routes

FreightWaves08-28

Atlas Air is operating a new Boeing 777 for CMA CGM Air Cargo between Hong Kong and Chicago. (Photo: CMA CGM) Two cargo airlines owned by major European ocean shipping companies have begun ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2462110764?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/d_BJliVgZ14Er7whM1lMkA--~B/aD02NzU7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/freightwaves_373/81b10e33a893e08f36a4ca050ab9ac40","is_english":true,"pubTime":"2024-08-28 01:57","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2462110764","market":"us","top_or_hot":-1,"title":"Ocean carriers debut Boeing 777 freighters on Asia routes","media":"FreightWaves","content":"<div>\n<p>Atlas Air is operating a new Boeing 777 for CMA CGM Air Cargo between Hong Kong and Chicago. (Photo: CMA CGM) \n \n\nTwo cargo airlines owned by major European ocean shipping companies have begun ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ocean-carriers-debut-boeing-777-175719879.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ocean carriers debut Boeing 777 freighters on Asia routes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOcean carriers debut Boeing 777 freighters on Asia routes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-28 01:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ocean-carriers-debut-boeing-777-175719879.html><strong>FreightWaves</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Atlas Air is operating a new Boeing 777 for CMA CGM Air Cargo between Hong Kong and Chicago. (Photo: CMA CGM) \n \n\nTwo cargo airlines owned by major European ocean shipping companies have begun ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ocean-carriers-debut-boeing-777-175719879.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMKAF","symbol_name":"A.P. Moeller-Maersk A/S","start_time":0,"source_url":"https://finance.yahoo.com/news/ocean-carriers-debut-boeing-777-175719879.html","article_id":"2462110764","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/d_BJliVgZ14Er7whM1lMkA--~B/aD02NzU7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/freightwaves_373/81b10e33a893e08f36a4ca050ab9ac40"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2462110764","pubTimestamp":1724781439,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Atlas Air is operating a new Boeing 777 for CMA CGM Air Cargo between Hong Kong and Chicago. . On Tuesday, CMA CGM Air Cargo announced that it has commenced trans-Pacific commercial service with the first of three 777-200 cargo jets ordered from Boeing. The inaugural flight took place Sunday from Hong Kong to Chicago with a refueling stop in Anchorage, Alaska. On the backhaul trip, the aircraft operates to Hong Kong via Seoul, South Korea.CMA CGM, one of the world’s largest container lines and logistics providers, is outsourcing aircraft operations to all-cargo operator Atlas Air, as previously reported. The Paris-based freighter airline needs Atlas Air to fly across the Pacific because it doesn’t have traffic rights from the United States to transport goods from another country without first stopping in its home country.The introduction of the 777 freighter is a significant step in the expansion of CMA CGM Air Cargo’s fledgling network as routes from Asia to North America typically co","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMKAF":"A.P. Moeller-Maersk A/S","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","BK4187":"航天航空与国防","BK4588":"碎股","BK4207":"综合性银行","BK4589":"SVB概念","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4551":"寇图资本持仓","BK4564":"太空概念","AMKBF":"A.P. Moeller-Maersk A/S","AMKBY":"A.P. Moeller-Maersk A/S","BK4585":"ETF&股票定投概念","BK4516":"特朗普概念","CMA":"联信银行","BA":"波音","BK4211":"区域性银行"},"translate_title":"海运公司首次在亚洲航线上使用波音777货机","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BA":1,"AMKBF":0.9,"AMKBY":0.9,"AMKAF":0.9,"CMA":0.9},"content_text":"Atlas Air is operating a new Boeing 777 for CMA CGM Air Cargo between Hong Kong and Chicago. (Photo: CMA CGM) \n \n\nTwo cargo airlines owned by major European ocean shipping companies have begun operating routes out of Asia with new Boeing 777 freighters in response to market signals for more export capacity in the region.\nOn Tuesday, CMA CGM Air Cargo announced that it has commenced trans-Pacific commercial service with the first of three 777-200 cargo jets ordered from Boeing. The inaugural flight took place Sunday from Hong Kong to Chicago with a refueling stop in Anchorage, Alaska. On the backhaul trip, the aircraft operates to Hong Kong via Seoul, South Korea. \nCMA CGM, one of the world’s largest container lines and logistics providers, is outsourcing aircraft operations to all-cargo operator Atlas Air, as previously reported. The Paris-based freighter airline needs Atlas Air to fly across the Pacific because it doesn’t have traffic rights from the United States to transport goods from another country without first stopping in its home country.\nThe introduction of the 777 freighter is a significant step in the expansion of CMA CGM Air Cargo’s fledgling network as routes from Asia to North America typically command much higher yields than in other regions.\n“We are very proud to extend CMA CGM Air Cargo’s reach to the United States, a strategic country for the Group,” said CEO Damien Mazudier in the announcement.\nBoeing is scheduled to deliver another freighter in the fourth quarter, which CMA CGM said Tuesday will be deployed between mainland China and North America. The two freighter aircraft will offer a combined seven frequencies per week on the trans-Pacific lane. CMA CGM said it plans to welcome a third 777 production freighter in the first quarter of 2025.\nAt that point CMA CGM Air Cargo, which was established in 2021, will have five 777 freighter aircraft available to move goods around the world. Two existing aircraft serve routes between Europe and the China region, with five flights per week to Hong Kong and four weekly flights to Shanghai. The airline also has three Airbus A330-200 cargo jets that operate around Europe and to China.\nThe 777-200 is a cavernous freighter with a maximum payload of 226,000 pounds. \nCMA CGM launched the airline to give customers more shipping options as part of a strategic shift from a pure port-to-port ocean carrier into a global integrated logistics company with door-to-door delivery capabilities. Ocean shipping and integrated logistics rival Maersk has pursued a similar strategy.\nAir cargo capacity out of Asia to Europe and the United States, especially eastbound from China, is very tight because of the boom in cross-border e-commerce shipping, constraints on ocean shipping because of hostilities in the Red Sea and trade tensions that have limited the full return of widebody passenger services between the U.S. and China. Shippers say finding space on all-cargo aircraft is very difficult on key trade lanes from China, Hong Kong and other Asia origins.\nCarriers are redeploying aircraft from other regions to take advantage of much higher rates in the Asia region. Shipping rates from Shanghai to North America rose more than 25% in July compared to the same month last year, while rates to Europe increased by 44%, according to the TAC Index.\nAirfreight prices out of China/Hong Kong were well above typical summer rate levels at about $5.72 from Hong Kong to North America at the end of July and $4.50 to Europe, and are expected to climb above peak-season norms in the fourth quarter.\nAtlas Air on Thursday announced it has leased three Boeing 747-8 freighters from BOC Aviation to meet strong e-commerce demand, and expects them to enter service late in the third quarter. \nMaersk Air Cargo\nMaersk Air Cargo recently deployed its first 777 freighter. The cargo terminal subsidiary of Hong Kong-based Cathay Pacific, in a July 26 LinkedIn post, welcomed Maersk as a customer and highlighted the inaugural flight to Maersk’s base in Billund, Denmark. In mid-July, Maersk indicated the plane would be placed on the preexisting route between Billund and Hangzhou, China, but regardless of the specific airport pairs, the plane will operate between China and Billund. According to flight tracking site Flightradar24, the Maersk 777 has so far mostly operated between Billund and Birmingham, England, and to Hong Kong with a technical stop in Navoiy, Uzbekistan.\nMaersk previously said it would offer three weekly flights to China and increase the frequency to six flights when a second 777 is delivered later this year.\nMaersk Air Cargo has 20 Boeing 767 cargo jets in its fleet in addition to the 777s. Most of the 767s are converted freighters and operate under contract for UPS and other express carriers in Europe. In late 2022, Maersk launched 767 service between Asia and the U.S. using Miami-based Amerijet to fly the factory-built aircraft. Destinations in the trans-Pacific network include Zhengzhou and Shenyang, China; Seoul; Chicago-Rockford; and Greenville-Spartanburg, South Carolina.\nClick here for more FreightWaves/American Shipper stories by Eric Kulisch.\nRELATED STORIES:\nAir cargo industry anticipates big peak season to finish year\nCMA CGM outsources new trans-Pacific service to Atlas Air\nAtlas Air to end Amazon flights, focus on international customers\nThe post Ocean carriers debut Boeing 777 freighters on Asia routes appeared first on FreightWaves.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Product Release","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2462110764"}