Newsletter – November 24, 2020

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    Newsletter – November 24, 2020

    AIR FREIGHT UPDATES

    Covid panic and delays at Shanghai Airport as cargo workers test positive
    theloadstar.com
    Shanghai’s Pudong Airport reportedly descended into chaos on Sunday evening after two cargo handlers tested positive, and went into lockdown as nearly 18,000 other staff were tested.
    Hundreds of flights were cancelled, according to Reuters, and videos were posted on social media of apparently frightened passengers attempting to flee the airport. Read more here. 
    Air cargo bounce back slackens in early November
    lloydsloadinglist.com
    Air cargo’s steady recovery in recent months showed signs of slackening in the first half of November, a tell-tale sign being that yields/rates from China dropped for the first time in many weeks, the latest data from WorldACD shows.  Read more here.

    OCEAN FREIGHT UPDATES

    Supply chain bottlenecks prompt FMC investigation into container movement
    supplychaindive.com
    Dive Brief:
    The Federal Maritime Commission is expanding the scope of its fact finding mission related to system challenges stemming from the coronavirus pandemic to include ocean carrier detention and demurrage, container return and container availability for U.S. export, the agency announced Friday. Read more here.
    Import surge causing congestion at ports
    insidelogistics.ca

    Container shipping company Hapag-Lloyd has reported significant delays at U.S. ports. The company shared the details in a customer bulletin on Monday, saying the delays are a result of a “spike in import volumes”. Read more here.

    US regulator steps up pressure on ocean carriers
    lloydsloadinglist.com
    The US Federal Maritime Commission has stepped up its efforts to find a resolution to the congestion problems and equipment shortages affecting US container terminals and shippers.
    The regulator has expanded the scope of its fact-finding mission into detention and demurrage to investigate the carriers operating in alliances and calling at Long Beach, Los Angeles and New York/New Jersey. Read more here.
    Not a very merry Xmas for importers as ships cut and run from UK ports
    theloadstar.com
    Vessel diversions eased congestion at the UK’s container port hubs this week, but much of the cargo discharged at Rotterdam, Antwerp and Zeebrugge will struggle to reach vital Christmas markets.
    Ocean carriers have skipped a number of UK calls in the past few weeks, and been obliged to “cut and run” due to slow working on ships that did get alongside. Read more here.

    INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

    Signs Positive for Retailers During Uneven Recovery, NRF Economist Says
    ttnews.com
    The retail sector has shown signs it has withstood the effects of the coronavirus pandemic despite volatility in the overall economy, an expert detailed Nov. 19.
    “Our economy has certainly improved considerably,” National Retail Federation Chief Economist Jack Kleinhenz said during a virtual panel discussion. Read more here.

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