European exporters still up against it, but equipment shortages are easing

Mike Wackett 14/07/2020 Blank sailings, escalating freight rates and a shortage of equipment continue to hobble European exporters. Shippers to Asia and the US are facing lengthy delays and uncertainty for container bookings as the knock-on effect of short-notice carrier blanking programmes plays havoc with supply chains. As a consequence, rates have soared, particularly to Asia […]

Crew crisis is on verge of becoming global trade crisis

Greg Miller, Senior Editor Tuesday, June 16, 2020 Watching the growing threat to global trade from the stranded-crew crisis is like watching a train wreck in slow motion — and the governments of the world still don’t see it coming. A June 15 deadline was set by the union representing seafarers, the International Transport Workers’ […]

U.S. to Halt Chinese Airlines’ Flight Access as Relations Fray

Alan Levin and Ryan Beene The Trump administration on Wednesday issued an order suspending passenger flights from China-based airlines, saying it was retaliation for Beijing barring American carriers from re-entering that market, in a continued escalation of tensions between the two nations. The order goes into effect June 16 but President Donald Trump can act […]

Lufthansa to get €9bn bailout, but state wants 20% and seats on the board

By Alex Lennane 22/05/2020 It might not be precisely what Lufthansa was looking for, but the carrier appears to have reached a deal with the German government for a €9bn bailout package. Expected to be signed today, the deal will result in the government taking a 20% stake in the carrier. It also means it […]

Covid-19 impact on airlines sees interest in freighter conversion take off

By Ian Putzger 30/04/2020 Freighter conversion specialist Aeronautical Engineers has been busy, and the months ahead promise more work to come. “We signed some contracts over the last two months, and we’re going to sign some more -800 contracts in the next few weeks,” said Bob Convey, vice-president of sales & marketing of the company, […]

Grim prospects for box carriers as collapse of demand weakens balance sheets

By Mike Wackett 15/04/2020 The risk of another major ocean carrier bankruptcy has grown with the worsening global economic outlook, liner consultancy Alphaliner said today. It explained that the unprecedented amount of capacity withdrawn in April and May, a result of a collapse in demand, “will hurt carriers’ operating cashflows and further weaken their fragile […]

WTO: Coronavirus crisis could rival Great Depression

“These numbers are ugly. There’s no way around that,” admitted World Trade Organization (WTO) Director-General Roberto Azevedo during a press conference on Wednesday, upon the release of the WTO’s coronavirus forecast. The trade organization outlined two potential scenarios: an optimistic V-shaped recovery in which world merchandise trade volume falls 12.9% this year and a pessimistic […]

Forwarders accuse $13/kg freighter airlines of ‘profiteering’ from Covid crisis

Airfreight rates for medical supplies have hit more than $13 per kg, causing some forwarders to claim that freighter airlines are “profiteering” from the Covid-19 crisis. But however, many medical supplies are no longer getting through to end-users, following new Chinese regulations. On 31 March, the Chinese government responded to complaints from the EU that […]

COVID-19 Freight Update: US ports, warehouses stay open

As the impact of the coronavirus disease 2019 (COVID-19) deepens in the United States, major ports, warehouses, and freight transportation providers are telling customers they will remain open as they are deemed essential services by the government.  Essential staff supporting the ports of Los Angeles and Long Beach, including longshore workers and drayage drivers, for […]

US Department of Transportation Expands National Emergency Declaration for Commercial Vehicles Delivering Relief in Response to the Coronavirus Outbreak

Wednesday, March 18, 2020 WASHINGTON – The U.S. Department of Transportation’s Federal Motor Carrier Safety  Administration (FMCSA) today issued an expanded national emergency declaration to provide hours-of-service regulatory relief to commercial vehicle drivers transporting emergency relief in response to the nationwide coronavirus (COVID-19) outbreak. “Under Secretary Chao’s leadership, FMCSA is providing additional regulatory relief to our […]