Newsletter – October 2020

Articles

Market Update – October 2020

Cargo volumes on the Trans-pacific trade route continue to surge following the Chinese Golden Week holiday, resembling the peak season rather than the traditional start of the winter slack. Shippers are continuing to struggle with increased rates, shortages in capacity and equipment, frequent rollovers, longer book-to-sail cycles, and eroding schedule integrity.  With the number of coronavirus cases rising across the U.S. and the number of jobless claims well above the consensus forecast, no one predicted a spending surge…

Read More

How Will the Biggest Product Launch in History Affect Your Supply Chain?

With a potential COVID-19 vaccine on the horizon, shippers need to prepare for supply chain disruptions during ‘the biggest product launch in history.’  News of a possible vaccine from China this week has sparked an increase in air charter rates that could have widespread implications during a peak season already struggling with tight capacity and soaring rates. According to The LOADSTAR, there is speculation that 60 charters have been booked from Tianjin to the U.S. to distribute the vaccine…

Read More

Exporters Can Request Six-Month Export License Extensions

The Bureau of Industry and Security (BIS) has announced that exporters may request a six-month extension for export licenses due to expire on or before December 31, 2020.  The extensions are being provided in response to situations caused by the COVID-19 pandemic. “With the majority of the world’s consumers located outside of the United States, exports are a vital source of growth and revenue for American companies…

Read More

Time to Get Ready for a No-Deal Brexit

It’s been almost a year since Prime Minister Boris Johnson won the election by vowing to “get Brexit done.”  But with only 9 weeks left until the end of the transition period, time is running out for him to keep his campaign promise.  With or without a deal,  the UK will leave the European Union’s customs union and single market for goods and services on January 1, 2021.  The Prime Minister recently told the country to “get ready” for a No-Deal exit from the EU…

Read More

China to Restrict Sensitive Exports

China has passed a new law restricting exports of strategic materials and advanced technology. The law, passed by the National People’s Congress Standing Committee, applies to all companies in China, including foreign-invested ones, and will take effect on December 1, 2020.  While the final version of the legislation has not yet been made public, anticipated highlights of the new law…

Read More

UK Ports Buckle Under Abnormal Increases in Volume

Terminal congestion at the London Gateway and Southampton ports, the second and third largest ports in the UK, threatens to wreak havoc on supply chains, as retailers struggle to fill their shelves for the holiday season rush.  In a letter to customers, Hapag-Lloyd advised it was “experiencing congestion in the berthing plan and container yard” at London Gateway. “In recent weeks, this has resulted in several port omissions, cut-and-runs and move-count restrictions…

Read More

Warning for Shippers – Fake Air Charter Scams on the Rise

Trade associations are warning of a major threat to shippers from a growing army of scammers seeking to exploit demand for air freight services. The scams, which became prevalent during the PPE rush as governments and health care providers around the world urgently sought capacity, have increased as shippers look to private charter flights to keep their supply chains moving….

Read More

Recent Posts