Please find attached an overview of the current market situation.
The new "SAB" SENATOR Asia Bridge to Singapore was successfully launched on July 26th, 2020. From now on, an own-controlled flight of type Boeing 747-400 F will take off from Frankfurt International Airport (FRA) to Singapore Changi Airport (SIN) every Sunday. The return flight from SIN via Dubai-World Central International Airport (DWC) to Frankfurt-Hahn (HHN) will leave every Monday.
With the new location in Singapore, SENATOR INTERNATIONAL thus has an efficient hub to Southeast Asia, Australia and New Zealand.
The shipowners' alliance THEA will extend its FE4 service for a further 6 weeks. This means that the service will run for 10 weeks instead of 4 weeks as originally announced. Ex Europe the departures will be from week 34/35 to week 44/45 (depending on individual departure/arrival).
In general, fewer empty runs to Asia are registered, which will ease the booking situation. For container traffic from India, however, the situation remains tense. Due to the continuing restrictions of the corona-crisis, many Indian ports are congested. This leads to equipment bottlenecks and delays in processing.
The delays on the New Silk Road continue. The increased number of waiting trains is causing backlogs and delays at certain border crossings.
The imbalance between western traffic (China --> Europe) and eastern traffic (Europe --> China) still exists. Thanks to the efforts of the countries involved at the critical points, however, the situation has slightly improved. Currently, our measurements show a transit time of approx. 18 days (from Terminal to Terminal).
SITUATION IN INDIVIDUAL COUNTRIES WORLDWIDE
On July 22nd, 2020, a fire broke out in a B-777 cargo aircraft of Ethiopian Airlines at Shanghai Pudong International Airport. Three pallets with lithium batteries were identified as a possible cause of the fire. The incident has triggered a new debate among airfreight experts about the safety of lithium batteries and false cargo declarations, as THELOADSTAR.COM reported.
As a result of the Corona crisis, unemployment in Hong Kong has risen above 6% for the first time in more than 15 years. After the political unrest last year, the pandemic has pulled the economy even deeper into recession. Experts and economic observers assume that the negative trend will continue in the current quarter.
British Airways has decided to immediately remove all 31 Boeing 747-400 jumbo jets from its fleet. This will lead to a considerable loss of future cargo capacity in the near future or until the corona-crisis eases. According to the airline, its newer, more fuel-efficient aircraft, which are better suited to freight transport, will gradually benefit airlines and freight forwarders.
The government reacted late on Covid-19, but then with a comprehensive aid package. If this will prevent a severe recession, we will see. The unemployment is rising further.
With SENATOR INTERNATIONAL you stay up to date