Newsletter – March 13, 2020
AIR FREIGHT UPDATES
Mainland Europe-US travel poses questions for bellycargolloydsloadinglist.comThe introduction by the Trump administration of a ban later this week on all travel from mainland Europe to US for an initial period of 30 days, in response to the spread of the coronavirus,is set to create significant issues for cargo carried in the bellyholds of passenger aircraft which , according to industry sources. Read more here
Airfreight rates from China to US climb 27% in 2 weeks as demand surpasses capacitysupplychaindive.comDive Brief:
The price is climbing for air cargo headed out of China as factories come back online, numbers from the TAC Index show. Shippers eager to move products have encountered a freight environment with reduced capacity, pushing prices higher. Read more here.
OCEAN FREIGHT UPDATES
Port of Vancouver Operations Update – March 12
Favourable weather, storage capacity and cargo movement continue at the Port of Vancouver. Port facilities have experienced no recent disruptions due to blockades and protests. Movement and fluidity of export cargo is improving, and recovery is well under way. As of yesterday morning, container daily import rail on dock footage is green on aggregate across the gateway, indicating overall on dock dwell of 3 days or less.
No container or cargo vessels scheduled to arrive at the Port of Vancouver have been diverted due to health and safety reasons related to COVID-19.
Anchorage demand remains high, as backlog volumes are worked. Potential impacts on immediate anchorage requests may occur in the short term. Vessels in port can be viewed on the home page of the PortVan eHub app by selecting “Vessels in Port.”
Real-time insights into Port of Vancouver operations can be accessed through the PortVan eHub app, downloadable at www.portvancouver.com/port-dashboard/ehub-app or through the App Store (search for PortVan eHub or Port of Vancouver).
Coronavirus spawns worldwide box-repositioning challengefreightwaves.comWill enough containers get where they need to be? It’s a crucial question for the world’s ocean shipping network — a question that’s increasingly difficult to answer given how nebulous demand has become. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
Canada asks U.S. for assurances shared border will stay openbloomberg.caCanadian officials are looking for reassurance from the U.S. that the border between the countries will remain open despite fears over the spread of coronavirus.Deputy Prime Minister Chrystia Freeland spoke Thursday with Secretary of State Mike Pompeo about the issue after President Donald Trump announced a 30-day ban on travelers from 26 European countries to the U.S. Read more here.