Please find attached an overview of the current market situation.
The success story "SAB" will continue and move on. From July 26th, 2020, the SENATOR Asia Bridge will take off from Frankfurt (FRA) for the first time to Singapore Changi Airport (SIN). During the first week there will be two connections, July 26th outward and July 27th return, and July 29th outward and July 30th return. From August 2nd there will then be one flight per week on a regular basis: on sundays from Frankfurt-International (FRA) to Singapore (SIN), on mondays on the way back via Dubai-World Central International Airport (DWC) to Frankfurt-Hahn (HHN).
The current "SAB" flight schedules are now also available online as PDF files on the SENATOR INTERNATIONAL website.
For connections from/to Greenville-Spartanburg (GSP) and Chicago-Rockford (RFD) click here:
For connections from/to Johannesburg (JNB) click here:
From Europe to Asia there are still various ship cancellations in the direction of IPBC/Middle East destinations. The situation towards the Far East is becoming more and more relaxed. Ad-hoc shipments to Asia can be handled better again. For the next three months, significantly fewer ship cancellations are expected than in the previous quarter.
Due to the increasing demand from Asia to Europe, the THEA alliance will resume the FE4 service for 4 weeks (week 30 to week 33). The return to Europe will take place 4 to 5 weeks later, i.e. between week 34 and week 37. The FE2 service will continue on the Eastern route via the Cape of Good Hope. On the FE3 service, the direct connections to the central Chinese ports around Ningbo and Shanghai will be extended until September.
The equipment situation in the German hinterland depots has eased, some shipowners such as YML and/or Evergreen are now accepting reefers (refrigerated containers) again.
After the effects of the heavy rains, the situation on the New Silk Road is easing. The transit time between China and Europe is again moving towards less than 17 days. The measures taken by China Railway are beginning to take effect, but there are still shorter or longer waiting times depending on the border station. Due to the disparity between westbound and eastbound, there are occasional delays in loading on site.
SITUATION IN INDIVIDUAL COUNTRIES WORLDWIDE
China's trade recovered noticeably in June 2020. According to a report by the South China Morning Post, this is mainly due to the relaxation of lockdown measures abroad. China's exports rose by 0.5% in June compared with the previous year, a significant improvement of minus 3.3% compared with the slump in May. Imports also increased by 2.7%.
The Indian subcontinent is still heavily hit by the corona-crisis. Despite the far-reaching lockdown, the government is attempting to resume production in some industrial sectors. This is intended to limit the already extreme economic damage.
Especially medium-sized companies are under extreme threat to their existence. According to Indian media, work is to be resumed first in the automotive and textile industries, as well as in companies that are important for the country’s defence. The tightened hygiene regulations must continue to be observed.
US Air Freight:
On July 10th, 2020, the Federal Aviation Administration gave US airlines permission to remove passenger seats and transport cargo on the cabin floor of aircraft used on cargo-only flights. This exemption from the existing regulations is initially valid for one year.
US in general:
According to a report in the Financial Times Deutschland, the worst for US economy may be still ahead. Although, contrary to many forecasts, the unemployment rate in May 2020 fell from 14.7% in April to 13.3%, there are no signs of a sustained easing. The June figures were collected before new infections increased sharply at the end of the month. The daily increase in the number of infected persons has continued and recently reached new record levels. Across the country, there have recently been around 55,000 new cases per day. This development will probably also have noticeable economic consequences.
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