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Newsletter – March 24, 2020
AIR FREIGHT UPDATES
Air Traffic Begins To Recover In China Sparking Hope
simpleflying.comAirlines around the world have been continuing to cut services in the last few weeks amid the COVID-19 pandemic. However, China’s aviation industry is now showing signs of recovery. Read more here.
Hong Kong forwarders welcome shelving of planned security charge hike
aircargonews.netThe Hongkong Association of Freight Forwarding and Logistics (HAFFA) has welcomed the decision of an unnamed airline to shelve a planned security charge hike, originally due to be introduced on March 20, and has voiced its “heartfelt gratitude “to the Hong Kong SAR Government for its support. Read more here.
11 Air Traffic Control Facilities Affected By Virus In the US
simpleflying.comThe coronavirus has forced 11 US air traffic control centers to temporarily close following staff members testing positive, raising concerns. Regions significantly affected include New York and Chicago, both cities with major airports. Read more here.
Heathrow to boost cargo capacity in the fight against COVID-19
aircargonews.net‘Heathrow Airport has called on more airlines and freight companies to maximise the use of the hub’s quieter flight schedule in the fight against COVID-19.Logistics companies have already begun importing key equipment such as COVID-19 testing kits via Heathrow in preparation for increased demand. Read more here.
OCEAN FREIGHT UPDATES
Port Authority Plea For Coronavirus Support
portstrategy.comA US port is seeking federal support of US$1.9bn to cover revenue losses and expenses resulting from the “extraordinary challenge” presented by the coronavirus pandemic. Read more here.
Maersk rolls out ‘door-to-door’ cargo insurance product
supplychaindive.comDive Brief:Maersk launched Maersk Cargo Insurance, a “door-to-door” product for shippers that “covers goods from the time they are first moved for loading until the completion of unloading at destination, from and to almost every country in the world,” according to a press release on Monday. The insurance will apply regardless of the transport or carrier used, the company said. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Resilience in transport and logistics
mckinsey.comThe transportation-and-logistics sector is especially susceptible to economic shocks. Here’s how to prepare your operations for a smoother ride. Read more here.
European retailers scrap $1.5 billion of Bangladesh orders
ajot.comEuropean and U.S. buyers including Primark, the budget fashion chain owned by Associated British Foods Plc, have canceled about $1.5 billion of Bangladesh garment orders as the coronavirus outbreak roils demand. Read more here.
China’s factories restart just as coronavirus hits global demand
asia.nikkei.comHONG KONG/SHANGHAI — Just a month ago, Danny Lau was concerned that he might miss the deadline for deliveries to a U.S. client, as he was unable to reopen his aluminum facade panel factory in the southern Chinese city of Dongguan due to the coronavirus outbreak then ravaging the country. Read more here.