Newsletter – June 15, 2020

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    Jun

    Newsletter – June 15, 2020
    AIR FREIGHT UPDATES
    Market Watch: Air Cargo
    freightwaves.com
    Airfreight rates continue to normalize this month on the main trade lanes from China to the U.S. and Europe as demand softens from the peak in mid-May, according to  freight forwarders and airline analysts. Read more here.
    US-China airline quarrel exacerbates supply shortage for cargo
    freightwaves.com
    The air service dispute between the U.S. and China over resuming passenger air travel will have spillover effects for airfreight shippers and other areas of trade as the relationship between the countries deteriorates, industry and legal experts say. Read more here.
    OCEAN FREIGHT UPDATES
    Transpacific spot rates hit highest level for 18 months, but US imports are drying up
    theloadstar.com
    In the past month, container spot rates from Asia to the US west coast have rocketed by over $1,000 per 40ft, bucking the fundamentals of mass unemployment and an economic recession now hitting the US economy. Read more here.
    Reasearch questions the validity of slow steaming’s green claims
    splash247.com
    Three shipping professors have revisited the science behind slow steaming and are questioning the validiyt of the green claims championed by many owners and politicians such as Emmanuel Macron. Read more here.
    Maritime’s new normal as seen from the C-suite
    splash247.com
    We’ve just completed a study with the objective to help companies wtih defining and executing the best possible preparation for the new normal. 200+ senior executives participated in the survey and follow-up interviws, 70% in director and owner positions, the majority from the shipowners / operators in Asia and Europe. Read more here.
    Port of LA director fears permanent loss of imports
    freightwaves.com
    The Port of Los Angeles has been battered by its slowest May since the recession of 2009.
    Year-over-year volume was down 30%, from the 828,662 twenty-foot equivalent units (TEUs) handled in May 2019 to 581,664 TEUs this year.  Read more here.
    Notification of Fee Amendment, Vancouver Fraser Port Authority
    ciffa.com
    Effective August 17, harbour dues will be charged to all commercial vessels that call the Port of Vancouver for the purpose of bunkering, regardless of the total time in port.
    Anyone interested in making a written representation to the VFPA on the subject of the proposed fee amendments may do so, prior to August 12, by writing to: Katherine Bamford – Director, Trade Development.
    Vancouver Fraser Port Authority
    100 The Pointe, 999 Canada Place
    Vancouver, BC V6C 3T4
    Email: commercial_enquiries@portmetrovancouver.com
    INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
    What’s the future for global mail after Covid has put its stamp on services?
    theloadstar.com
    Europeans expecting mail from the US will need considerable patience in the coming months.
    On 20 May, the US Postal Service (USPS) sent a consolidated shipment of mail from Chicago, New York and Miami across the Atlantic by sea, to arrive at the port of Rotterdam this week. Read more here.

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