Newsletter – June 10, 2020

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    Jun

    Newsletter – June 10, 2020
    Island-based Ontario First Nation to get drone deliveries
    insidelogistics.ca
    TORONTO – Ontario’s Beausoleil First Nation Community (BFN) located on Christian Island in Georgian Bay will soon be served by a drone delivery route.
    GlobalMedic will deploy Sparrow drones from Drone Delivery Canada Corp. (DDC) to limit person-to-person contact on its island ferry service by transporting Covid-19 related cargo such as personal protection equipment (PPE), hygiene kits, test kits, test swabs, etc. Read more here.
    AIR FREIGHT UPDATES
    Air freight suffering ‘the sharpest fall ever recorded’
     lloydsloadinglist.com
    Figures published this week by the International Air Transport Association (IATA) have confirmed earlier reports of a roughly 30% drop in international air freight demand in April and an almost 28% drop in total cargo carried, which the association said was “the sharpest fall ever recorded”. Read more here.
    OCEAN FREIGHT UPDATES
    The way out of the maze that is the world’s demurrage and detention charges
    theloadstar.com
    Shipper fury at demurrage and detention (D&D) charges at levied by carriers serving US ports suddenly became a lot more understandable today.
    According to new research from online container logistics platform Container xChange, there are huge variations in the levels of D&D charges around the world – not only between the major ports, but between different carriers in any given port. Read more here.
    Taiwan’s Yang Ming and Evergreen in line for $540m state-backed loan
    theloadstar.com
    Yang Ming is to receive TW$8bn ($270m) in financial assistance from the Taiwan government.
    The low-interest loan will be part of a fresh TW$16.5bn bailout package for Taiwan’s container sector.
    Liner compatriot Evergreen will receive a similar amount, to provide liquidity and help the carrier survive the impact of Covid-19. Read more here.
    OOCL cancels 2 June-July transpacific sailings, restores another
    seanews.com.tr
    HONG KONG’s Orient Overseas Container Line (OOCL), now a Cosco unit, has cancelled two transpacific sailings and restored another that had been cancelled in April, the company announced.
    Restored in the East Coast China 2 service will be the sailing from Qingdao on June 24 that will again call at Ningbo, Shanghai, Busan, Colon, Savannah, Charleston, Boston, New York, Colon and return to Qingdao. Read more here.
    CANADA BUSINESS – GOVERNMENT UPDATES
    Canada positions itself as a crew change hub

    splash247.com

    Canada is positioning itself as a crew change hub with public and private sectors coming together to make the movement of seafarers far easier than most places on Earth with continued restrictive travel bans meaning there are some 200,000 men and women stuck at sea working beyond their contracts. Read more here.

    INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
    Warehouse space crunch will tighten as ‘lean’ supply chains fatten up
    theloadstar.com
    The warehouse crunch is getting worse: projections from logistics property management firm Prologis and real estate specialist CBRE indicate that hundreds of millions of square feet of warehouse space will be needed in the US alone over the coming years. Read more here.

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