Newsletter – April 21, 2020

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    Apr

    Newsletter – April 21, 2020
    AIR FREIGHT UPDATES
    The Future Of Economy Class? Yin-Yang Seating
    simpleflying.com
    The problems presented by the COVID-19 pandemic run far deeper than just the immediate shock. For aviation, many of the fundamentals of flying have been brought into question; in particular, the penchant for stuffing as many people into the cabin as possible. Aviointeriors, an Italian design firm, has presented a new concept for economy seating that could go some way to tackle this problem.  Read more here.
    HAECO adds new cargo storage products for aircraft cabins
    aircargonews.net
    HAECO’s cabin solutions unit has launched a range of new stowage concepts that will allow airlines to combine passengers and cargo in the main cabin.
    The designs – which have gone from concepts to offerable products in under a month – were created in response to airlines looking for new ways of boosting freight capacity, which is seeing a spike in demand at the same time as passenger traffic, and belly-hold capacity, has plunged. Read more here.
    OCEAN FREIGHT UPDATES
    Full ships in March for ONE, but April and May utilisation looks grim
    theloadstar.com
    Japanese carrier ONE’s vessels from Asia to Europe sailed full last month, as bookings delayed by the extended Chinese New Year holiday were finally shipped out.
    However, due to a collapse in demand via Covid-19 lockdown restrictions, ONE will be challenged to reach anywhere near maximum load factors in April and May, despite the high number of blanked sailings already announced. Read more here.
    Tanker stocks surge as global oil market collapses
    freightwaves.com
    Just when you think the markets cannot possibly get any crazier, the NYMEX WTI May crude futures contract closed on Monday at -$37.63 per barrel, the equivalent of someone saying, “Hey, I’ll pay you $75 million in cash to take this entire supertanker load of crude off my hands.” Read more here.
    Forwarders call for more transparency in fuel surcharges
    lloydsloadinglist.com
    Carriers have been accused of benefiting from falling oil prices at the expense of their customers and using bunker charges to make up for falling revenues. Read more here.
    CANADA BUSINESS – GOVERNMENT UPDATES
    Canada United States border to be closed for another 30 days
    canadianshipper.com
    OTTAWA — Canada has extended its border closure with the United States for 30 days.
    The closure restricts non-essential travel across the border.
    The border was originally closed on March 21 because of the COVID-19 pandemic, with the arrangement set to expire on Tuesday. Read more here.
    INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
    ‘Raincheck’ on taxes a relief for hard-hit US importers
    theloadstar.com
    US customs brokers and importers have been scrambling to revise monthly statements after the US government announced they could postpone duty, taxes and fees for 90 days.
    The executive order, signed on Sunday, temporarily extends deadlines for importers “suffering significant financial hardship” and was closely followed by a detailed explanation by Customs & Border Protection (CBP). Read more here.

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