endobj The European Union (EU) was cleared by the World Trade Organization (WTO) on October 13th to impose tariffs on $4 billion worth of U.S. goods. Reviewed: March 25, 2020 Carriers are looking to reduce cargo into the UK due to slow turnaround of containers and haulage limitations. Space is still very tight due to demand across the Asia/ISC region. 2 Contents TOPIC OF THE MONTH IMO 2020 regulation effective 1st January 2020 HIGH LEVEL DEVELOPMENT MARKET OUTLOOK Freight Rates and Volume Development ECONOMIC OUTLOOK & DEMAND DEVELOPMENT CAPACITY DEVELOPMENT CARRIERS REGULATIONS ? Ocean and air freight rates and trends; customs and trade industry news plus Covid-19 impacts for the week of October 20, 2020. CTPAT is a voluntary public-private sector partnership program where importers comply with certain supply chain security measures set by CBP in exchange for a variety of benefits including reduced numbers of CBP examinations and faster cargo inspections. GRI December 1: Likely implemented ex Turkey origins, Capacity: Recommend advanced booking notice 21 days prior to CRD. Capacity: Recommend advanced booking notice 7-10 days prior to CRD at Port, Capacity: Recommend advanced booking notice 10-14 days prior to CRD at Rail Ramp. A key driver of the demand surge has been large automotive projects by Daimler Benz and BMW that have consumed hundreds of tons of airfreight capacity daily and created capacity shortages continent wide. OCEAN FREIGHT MARKET UPDATE DHL Global Forwarding, Freight December 2018 PUBLIC . Less blank sailings announced, but some still in place. Ongoing congestion at the Ports of LA/LB. According to Hudson, a shortage of bunkering barges is the primary driver of this huge premium. Recommend factoring in more lead time for truckers to procure chassis. Notes: Equipment shortages, particularly 40’HC equipment types, persist across India especially at local ICD’s. The Wall Street Journal reports transport, including an average of 20 flights per day and a cool box designed solely for the vaccine, will take three days from distribution center to point of use. 13 0 obj Furthermore, this report introduces a market competition situation among the vendors and company profile, besides market price analysis and value, Recruitment Market 2020 by Shares, Size, Growth with Major Eminent Players and G …, Recruitment Market report presents the size of the market by carrying out the valuation in the constrained time period. Pre-booking is needed and longer transit times are to be expected. 16 0 obj The report examines the global Ocean freight and Air freight market using various research approaches that form Porter’s Five Force Model. min read1 min Share on Facebook Share on Twitter Share on Linkedin. [source], South Korea begins to see growing downside risks due to resurgence in COVID cases amidst improvement in the manufacturing sector [source], Thailand Protests focussed on the role of the monarchy, military, and constitution that began in January continued in Bangkok. The report begins with an overview of industry chain structure, and describes industry environment, then analyses market Drivers and forecast of Data Center Rack Market.