Newsletter – September 25, 2020

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    Sep

    Newsletter – September 25, 2020
    AIR FREIGHT UPDATES
    IATA to hold annual general meeting virtually
    aircargonews.net
    IATA will move its annual general meeting — traditionally the biggest event in the airline calendar — online, as the coronavirus outbreak continues to preclude large scale physical meetings.
    The airline trade body had initially rescheduled the meeting, to be held in Amsterdam and hosted by KLM, from June to November, in light of the pandemic. Read more here.
    Peak shipping season for air cargo heats up to full boil
    freightwaves.com
    The peak of the peak season is in full swing for international airfreight. For buyers, that means higher costs and delays finding available slots for air and ocean shipments, while transportation and logistics providers reap bigger profits per load.
    The Southeast Asia and China export markets are especially hot and could boil into December. Spot rates out of China to North America started climbing again early this month as air capacity tightened and are approaching $6 per kilogram, according to the TAC Index. Read more here.
    OCEAN FREIGHT UPDATES
    Covid outbreak at Qingdao port spooks authorities
    splash247.com
    Qingdao, the port China has chosen to pilot the easing of crew change regulations, is at the centre of a worrying Covid-19 outbreak.
    Two workers at the northeastern port have come down with asymptomatic infections of the virus – the first such cases to hit China in more than a month. The port employees were responsible for unloading frozen seafood. Read more here.
    China-US ocean rates climb even with China intervention
    lloydsloadinglist.com
    Despite moves by China’s government to stabilise ocean freight rates on key transpacific container shipping markets, China-US ocean rates climbed to new records during the past week, with West Coast rates approaching $4,000 per FEU – nearly triple their level a year ago, according to digital rates specialist Freightos. Read more here.
    Chinese shipping reacts to Xi’s ambitious carbon targets
    splash247.com
    China’s maritime industry is expected to accelerate its energy transformation process as the country is now targeting peak carbon dioxide emissions by 2030 and carbon neutrality by the year 2060.
    The Chinese president, Xi Jinping, announced new, more ambitious national environmental targets in an address to the United Nations General Assembly this week, something that the country’s maritime sector – which is still primarily state-run – will need to heed. Read more here.
    INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
    Row erupts over post-Brexit border delays
    aircargonews.net
    UK hauliers have been warned to expect delays of up to two days and queues of up to 7,000 trucks in Kent as the UK transition from the European Union kicks in.
    In a letter, the UK government said that under its reasonable worst case scenario for the first couple of months of the year, two-day delays could be expected in January if hauliers do not prepare for post-Brexit border operations on cross channel services. Read more here.

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