Newsletter – October 9, 2019
AIR FREIGHT UPDATES
Hundreds Of Flights Cancelled Ahead Of Alitalia Strikesimplefyling.comBeleaguered flag carrier Alitalia has cancelled half of its weekly manifest of flights due to a promised strike by pilots and cabin crews tomorrow (09/10/19).The strike has been called by a glut of transport unions opposed to the Italian government’s laxity in respect of the demise of Alitalia. The industrial action is also an attempt, according to The Local, to highlight, “deteriorating conditions in the sector.” Read more here.
OCEAN FREIGHT UPDATES
FMC’s 2020 visionfreightwaves.comThe U.S. Federal Maritime Commission is already facing a packed agenda of industry issues, and it is only the first month of the federal government’s new fiscal year.The FMC will review the shipping public comments related to its proposed interpretive rule on the fair assessment of demurrage and detention fees by ocean carriers and marine terminal operators against shippers. Read more here.
Maersk: Shippers will only pay for IMO 2020 ‘cost recovery’freightwaves.comMaersk Line will only charge for the “extra cost of compliance” as the carrier introduces new IMO 2020 low-sulfur fuels in the coming months.As reported by FreightWaves, shippers and forwarders have expressed dismay about the complexity of the charges being levied by some container lines as they phase in new low-sulfur bunker fuels ahead of the Jan. 1 International Maritime Organization deadline. Read more here.
Joining CMA CGM, Hapag-Lloyd Rules Out Northern Sea Route Passagesgcaptain.comHapag-Lloyd has ruled out sending its ships through the Northern Sea Route for the foreseeable future despite faster transit times, joining rival CMA CGM in shunning Arctic shipping due to heightened environmental risks. Read more here.
The Silent But Deadly Solution: Electric Vehicles Need To Make More Noise. Tesla Has Some Ideas.forbes.comIn 2010, a strange (and some might say ironic) problem began to crop up with some new cars: They were becoming too quiet.Carmakers had gotten so good at silencing the exhaust and reciprocating parts inside their offerings that those who relied on noise cues to locate them–especially the vision impaired–were having a tough time hearing the cars approach, and accidents were on the rise. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
New Incoterms will affect letters of credit and delivery locationstheloadstar.comThe International Chamber of Commerce (ICC) has released new revisions to its Incoterms, which will allow shippers to change the way they obtain letter of credit.Set to come into force on 1 January 2020, the new Incoterms – international commercial terms published to clarify the obligations of buyers and sellers in trade contracts – could change the nature of the relationship between shippers, carriers and trade finance providers. Read more here (login required).