Newsletter – January 20, 2020
AIR FREIGHT UPDATES
Security Precautions Close Delhi Airspace For 12 Hours This Weeksimpleflying.comSecurity precautions will close New Delhi airspace for 12 hours this week as the Indian Air Force (IAF) practices ahead of Republic Day parades due to take place on Sunday, January 26th.Airspace over and around Indira Gandhi International Airport (Del) will be closed to private and commercial aircraft for two hours on certain days. Read more here.
‘More secure’ Bangladesh to appeal to EC to relax ‘high-risk’ status of its air cargotheloadstar.comBangladesh is to appeal to the European Commission to remove its air cargo and mail consignments from the “high-risk category”.The country claims it has taken “adequate” steps to ensure better aviation security. Read more here (login required).
OCEAN FREIGHT UPDATES
BAF: More increases to comelinkedin.comWe are now 3 weeks into the new IMO2020 low-Sulphur regime, and two aspects are emerging for the container shipping sector. The bunker price premium has spiked but seems to ease off slowly, and the carriers have not yet achieved a substantial compensation. Read more here.
An infographic guide to Incoterms 2020actualismarketing.comThe infographic illustrates where risk transfers under each Incoterm and highlights key areas of risk, to underline the importance of undertaking due diligence with trading and supply partners. Read more here.
Demand for multipurpose vessels grows as lines lose interest in project cargotheloadstar.comAs container lines ‘lose interest’ in oversized cargo, larger-sized breakbulk and heavylift vessels are predicted to see an average 6% rise in their earnings this year, according to Drewry.Breakbulk shipowners are now not seeing the usual threat to their sector from container carriers looking to top up their ships with project and heavylift cargo. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
India snubs $1 billion Amazon investment as resentment growsajot.comIndia’s government has scoffed at Amazon.com Inc. founder Jeff Bezos’ offer to invest $1 billion in the country, firing the latest salvo at an e-commerce giant that’s been accused of predatory business practices. Read more here.