Newsletter – November 23, 2020
AIR FREIGHT UPDATES
Air cargo takes to the world stage and will give vaccine distribution its best shottheloadstar.comThe year 2020 has been unlike any other for air cargo: the industry has accomplished the notable feat of delivering life-saving goods in response to the Covid-19 pandemic, while reeling from significant capacity groundings.Yet, what comes next will be the biggest challenge to air cargo’s ingenuity in its modern history: delivering long-awaited Covid-19 vaccines worldwide. Read more here.
OCEAN FREIGHT UPDATES
Bangladeshi apparel makers demand withdrawal of congestion surchargestheloadstar.comShippers around the world are fed up with carrier costs – the latest group to complain to their government is in Bangladesh.Garment makers have demanded government take immediate steps to withdraw the emergency cost recovery surcharge (ECRS) carriers have slapped on because of congestion at ports. Read more here.
Freight Forwarders Worldwide Rail Against Unfair Demurrage and Detention Chargeshandyshippingguide.comUK – WORLDWIDE – It seems some of the problems we reported regarding delays, demurrage and detention charges caused by the ongoing problems at the Port of Felixstowe are in fact a worldwide phenomenon, and not necessarily linked to the current pandemic which has undoubtedly affected supply chains. Read more here.
Capacity concerns to drive transpacific contract negotiationslloydsloadinglist.comShippers and carriers will enter next year’s transpacific contract negotiation season with capacity being a bigger concern than prices, as the experiences of this year influence contracts that will be signed for next year.“The key question for the next contracting season will be securing capacity,” said Philip Damas, director of Drewry Supply Chain Advisors. Read more here.
Peak season and port congestion surcharges spread to Asian tradelanestheloadstar.comShipping lines have slapped a raft of peak season and port congestion surcharges on Asian tradelanes.This week, Alphaliner said SCFI spot rates for Chinese exports were expected to keep rising, due to carriers’ peak season surcharges on “numerous routes or significantly higher FAK rates for December”. Read more here.
GROUND AND RAIL FREIGHT UPDATES
Canadian Pacific gets early Christmas present from Maerskfreightwaves.comCanadian Pacific (NYSE: CP) will see the first vessel from vessel operator Maersk arriving into the Port of Vancouver in the first week of December instead of the original timeline of March 2021, a CP executive said Tuesday.“We’re going to get a nice little boost from that business coming on early, and we’re quite excited by that,” said CP Chief Financial Officer John Brooks at the Scotiabank Transportation and Industrials Conference. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
Montreal reviewing proposals from contractorsinsidelogistics.caMONTREAL –The Montreal Port Authority has received bid responses from five bidders in response to the Request for Qualification for the design and construction of a new container terminal in Contrecœur.These consortia expressed their intention to be qualified for the next step of the procurement process. Each bid response will be evaluated based on technical and financial criteria. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
COVID-19 vaccine distribution could start in mid-December, official saysfreightwaves.comCOVID-19 vaccine distribution could start in mid-December, official saysDistribution of the first COVID-19 vaccines in the U.S. could begin as early as Dec. 11, the lead adviser for Operation Warp Speed said on Sunday.“Our plan is to be able to ship vaccines to the immunization sites within 24 hours from the approval, so I would expect maybe on day two after approval, on the 11th or on the 12th of December,” Dr. Moncef Slaoui said during an interview on CNN. Read more here.