Newsletter – April 28, 2020

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    Apr

    Newsletter – April 28, 2020
    AIR FREIGHT UPDATES
     Social Distancing Not Viable On Airplanes, Industry Says

    forbes.com

    As many countries start to relax their Coronavirus lockdown restrictions, many are asking whether travel and border restrictions will be loosened in time for summer holidays.

    Ahead of a meeting of EU transport ministers on Wednesday, Europe’s airlines have written an open letter saying they are ready to welcome people back to flying gradually.  Read more here.

    OCEAN FREIGHT UPDATES
    Liners enter ‘peak pandemic’ period
    splash247.com
    Copenhagen-based container analysis firm Sea-Intelligence has warned liners to brace for “peak pandemic impact” over the next month, starting today.
    The coming five weeks see the largest amount of capacity blanked on the main trade lanes, something that was flagged up earlier in the month by Rodolphe Saade, the head of French containerline CMA CGM. Read mored here.
    Carriers may have hit peak capacity reductions on main trades
    lloydsloadinglist.com
    The volume of capacity withdrawn from container lines’ capacity may be about to peak, according to analysis.
    Recorded blanked sailings as a result of the coronavirus pandemic now stand at 456, of which 342 were on the main deepsea trade lanes. Read more here.
    Could HMM launch a freight rates war?
    lloydsloadinglist.com
    Could HMM spark a rates war that threatens the economic viability of some its rivals on the container shipping scene in these straitened times? It is certainly a possibility and one that is causing consternation among Europe’s largest box lines. Read more here.
    FMC eases certain service contract filing requirements
    freightwaves.com
    The U.S. Federal Maritime Commission (FMC) on Monday, April 27, said it would temporarily allow service contracts to be filed up to 30 days after they take effect to provide relief to shippers and ocean container carriers impacted by the coronavirus pandemic. Read more here.
    CANADA BUSINESS – GOVERNMENT UPDATES
    Canadian Authorities Clarify Position On Airline Refunds

    simpleflying.com

    The Canadian Transportation Agency (CTA) is clarifying a statement it made at the end of March that supported Canadian airlines issuing vouchers and credit instead of giving cash refunds for canceled flights. The government agency says that its initial position on airlines’ right to issue vouchers is “not a binding decision.” Read more here.

    INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
    ‘Under Pressure’ From Int’l Brands, Garment Factories in Bangladesh Reopen Despite Covid-19 Lockdown
    news18.com
    Dhaka: Hundreds of Bangladesh’s garment factories defied a nationwide coronavirus lockdown to reopen on Sunday, raising fears the industry’s vulnerable and largely female workforce could be exposed to the contagion.
    Big-name international brands have cancelled or held up billions of dollars in orders due to the pandemic, crippling an industry that accounts for nearly all of the South Asian country’s export earnings. Read more here.

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