Newsletter – July 23, 2020
AIR FREIGHT UPDATES
Taiwan’s China Airlines To Get Renamedsimpleflying.comIt may have been a long time coming, but the Taiwanese parliament has today passed a bill to rebrand the islands’ largest airline to avoid confusion with mainland carriers. For decades, China Airlines (CAL) has frequently been confused with Air China, leading to calls to rename the county’s national flag carrier to make it sound more Taiwanese. Read more here.
Air freight revenues increased 20% in first half of 2020lloydsloadinglist.comAlongside the massive disruptions in air freight capacity and demand, including dramatic drops in volumes, air freight revenues increased by around 20% in the first half of 2020 (H1-2020), new figures from WorldACD Market Data indicate. Read more here.
OCEAN FREIGHT UPDATES
Floods in China disrupt Yangtze River cargo flowseanews.com.trPORT operations at Shanghai and Ningbo have been severly disrupted by the nation’s worst floods in decades which have led to port closures on the Yangtze River.The floods, caused by heavy rains over the last six weeks, have also impacted container operations in southern China where reefer imports have already been disrupted by stringent checks on meat and other perishables due to Covid-19. Read more here.
Carriers reduce blanked sailingslloydsloadinglist.comThe slowing rate of announcements of additional blanked sailings indicates that carriers have now reached a point where they believe sufficient capacity has been removed from the market, according Sea-Intelligence.“In recent weeks we have seen the level of blank sailings slow considerably on the main East-West trades, and a large number of previously blanked sailings have been re-activated,” the analyst said. Read more here.
OOCL to expand Latin America coverage with new serviceseatrade-maritime.comOrient Overseas Container Line (OOCL) is expanding its network coverage in Latin America with the introduction of a new Transpacific Latin Pacific 3 (TLP3) service.The TLP3, scheduled to start from 2 August 2020, will be OOCL’s new service in its Asia-West Coast South America network. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
Ottawa Establishes Essential Services Contingency Reserve for PPEcantruck.caThe Canadian Trucking Alliance is applauding Minister of Public Services and Procurement Canada (PSPC), Anita Anand, for the Essential Services Contingency Reserve (ESCR) – a program designed to ensure essential services like trucking always have access to PPE.“The ESCR complements the successful launch of PSPC’s Supply Hub by helping essential service organizations like transport companies bridge urgent, short-term gaps in their PPE supplies when other sources are unavailable,” said CTA president Stephen Laskowski. Read more here.
Port of Montreal Using Artificial Intelligence Againport-montreal.comPort of Montreal using artificial intelligence again to optimize its logistics operationsThanks to artificial intelligence (AI), the Port of Montreal will be able to benefit from a new predictive tool that optimizes port logistics, letting the Port improve its operational planning and positively impact the transit times for containerized cargo in the supply chain, especially for rail freight. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
How Is Force Majeure Holding Up Under COVID-19?ismworld.orgAs the coronavirus (COVID-19) spread across the globe, affecting the ability of manufacturers and other businesses to fulfill contract obligations, an often-ignored boilerplate provision began making headlines: the force majeure clause. Legal commentators speculated that force majeure provisions, which allow parties to excuse or delay performance when a specified risk materializes, could relieve contract parties from required performance during the COVID-19 pandemic. Read more here.