Cargo operations at Chinese airports hit break-point; freight rates slump
Airfreight demand out of China was lower than expected this week but it started to drop soon after the Golden Week holidays. It was a terrifying time for forwarders before the China holidays and soon after. Empty freighters, canceled charter contracts, missed flights and stricter PPE quality inspections also saw a reduction in demand for shipping PPE. Demand for air freight was lower than expected due to shippers holding...
Read MoreBrexit customs squeeze still on horizon
With supply chains currently concerned with coming out of the current lockdown of economies worldwide as a result of the Covid-19 pandemic it could be easy to overlook the impact of substantial changes to the flow of goods between the UK and EU member counties from next year. Speaking exclusively to Logistics Manager Paul Carroll, general manager, UK customs at BluJay Solutions said: “We have known about frictionless borders for some...
Read MoreBrexit will mean checks on goods crossing Irish Sea, government admits
The government has privately conceded there will be post-Brexit checks on goods crossing the Irish Sea, months after Boris Johnson insisted there would be no such trade barriers. In a letter to the executive office in Stormont the government confirmed there would be border control posts in three ports, Belfast, Warrenpoint and Larne. Declan Kearney, one of the two junior ministers in the executive office, the regional equivalent of the Cabinet...
Read MoreDonald Trump’s new tariff threats not expected to derail China trade deal, but Beijing may want to play for time
China will not cancel its phase one trade deal with the United States despite fresh tariff threats by US President Donald Trump, analysts say, but it may seek to postpone its commitments amid the global economic slowdown. Trump linked US-China trade war politics to accusations that China had covered up and mismanaged the outbreak of Covid-19, which has grown into a global pandemic, in an interview with Fox News on Sunday....
Read MoreCustoms ramps up modernization projects to complement shift to ‘new normal’
The Customs bureau said on May 6, Wednesday, that it “will implement more Information and Communications Technology projects that will speed up trade, strengthen border security and protect government revenues” as the country grapples against the pandemic. The bureau bared that preparations to improve various ICT projects under its modernization goal are underway. Currently, the bureau is working on the stabilization of the E2M system, which will be replaced...
Read MoreAbu Dhabi customs rolls out stimulus package for importers
The General Administration of Abu Dhabi Customs rolled out an economic stimulus package to offset the impact of the coronavirus on businesses who use the emirate’s ports for imports or as a transit gateway. The new incentives include the postponement of customs duties for 90 days for importers through facilities accounts and the acceptance of institutional guarantees, instead of bank guarantees, for customs transactions. Importers can also use pre-clearance...
Read MorePM allows resumption of non-essential services
HÀ NỘI — Prime Minister Nguyễn Xuân Phúc has decided to allow non-essential service establishments, except for clubs and karaoke bars, to resume operations but they have to maintain preventive measures against the COVID-19 pandemic. The decision was made at a meeting on COVID-19 prevention and control in Hà Nội on Thursday after three weeks without new community transmission cases of COVID-19 in Việt Nam. Sports activities, football matches...
Read MoreCEVA launches Southeast Asia rail-truck service as alternative to air
Logistics firm CEVA has launched a truck-rail-truck operation between China and Southeast Asia in response to airfreight capacity shortages in the region. CEVA said China and the Southeast Asia region are facing flight suspensions and reductions, space limits and operational restrictions in addition to long waits at border crossings due to the Covid-19 pandemic. It pointed out that the China-Vietnam road border crossing point between Pingxiang and Lang Son...
Read MoreCargo traffic through North-South Transport Corridor to be boosted
Governor of Russia’s Astrakhan Region Igor Babushkin tasked the participants of the regional working group for development of the International North-South Transport Corridor (INSTC) project to send their proposals on its implementation to the Regional Ministry of Economic Development by May 15, Trend reports referring to Russian media outlets. He noted that the development of the route, which unites India, Iran, Azerbaijan, Russia and Northern Europe countries, will help...
Read MoreBanana Containers Held Up at Customs
Seventy to 80 reefer containers of bananas have been piled up at Iran’s southern ports but the Central Bank of Iran failed to allocate foreign currency needed to start their customs clearance, the head of National Union of Agricultural Products said on Friday. “The duration of contracts on banana imports is one year; importers sign long-term contracts in line with domestic plans and policies, and thus abrupt decisions cause...
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