Newsletter – April 7, 2020
OCEAN FREIGHT UPDATES
Japanese mega boxship slams into cranes at Busan New Portsplash247.comYet another gantry crane has been pulverised by a poorly berthed mega boxship. The Japanese controlled 13,900 teu Milano Bridge, part of the Ocean Network Express (ONE) fleet, smashed into the quayside at Busan New Port on Monday, bringing down a crane onto the back end of the boxship in the process. Read more here.
Rodolphe Saadé: May will be the worst monthsplash247.comRodolphe Saadé, the CEO of CMA CGM, the world’s fourth largest containerline, is anticipating May will be the slowest month for box movements across the globe thanks to the coronavirus.Interviewed by French newspaper Le Figaro yesterday, Saadé said he was confident that utilisation rates on his ships would remain strong through to the end of April. Read more here.
Cosco, SIPG and Tesla detail blockchain progress on cargo release processessplash247.comOOCL’s software company CargoSmart has conducted a pilot project with Cosco, Shanghai International Port Group (SIPG), and Tesla for a new application aimed at transforming the cargo release process via blockchain technology. Read more here.
Defuse this shipping sector ‘timebomb’ – lift travel restrictions on seafarerstheloadstar.comTime is running out to lift travel restrictions on seafarers and keep global trade moving, the shipping industry has warned.
Around 100,000 crew changes are required every month, according to the International Chamber Shipping (ICS), which called on governments to designate seafarers as key workers and allow them to transit their territories. Read more here.
CANADA – BUSINESS – GOVERNMENT UPDATES
Summary of government help available to businesses during COVID-19canadianshipper.comThe federal government is rolling out a massive aid package for businesses affected by COVID-19, including billions in wage subsidies and credit. Read more here.
INTERNATIONAL – BUSINESS – GOVERNMENT UPDATES
Hong Kong Extends Travel Ban Until Further Noticesimpleflying.comHong Kong is extending its travel ban for non-residents as it keeps up its efforts to contain COVID-19. This travel ban also extends the suspension of transit flights until further notice, which has been a devastating blow to its main carrier, Cathay Pacific. Read more here.
Pandemic forces Boeing, Airbus to shut down aircraft plantsfreightwaves.comAircraft manufacturers Boeing Co. and Airbus SE are suspending production at more assembly plants to protect workers from the novel coronavirus that has infected more than 1.3 million people and claimed nearly 76,000 lives around the world. Read more here.
Forecasters predict very active 2020 hurricane seasonfreightwaves.comFreight and logistics companies should prepare for a potentially busy Atlantic hurricane season. Meteorologists with the Colorado State University’s (CSU) Tropical Meteorology Project have released their outlook for 2020, and they expect more storms than normal. Read more here.