+++ ALWAYS UP TO DATE WEEK 33 +++

Regular information about current developments and our services

Please find attached an overview of the current market situation.

AIR FREIGHT

The new service "SAB" SENATOR Asia Bridge has started successfully. Due to the high demand for exports from Singapore to Europe, in week 31 two flights were operated. Since August 2nd, there is now one regular flight per week, on Sundays from Frankfurt International Airport (FRA) to Singapore Changi Airport (SIN), on Mondays back from SIN via Dubai-World Central International Airport (DWC) to Frankfurt-Hahn (HHN).

Export demand to North America is currently very high, so additional connections to Greenville-Spartanburg (GSP) and Chicago-Rockford (RFD) are planned. By this SENATOR INTERNATIONAL will be able to meet the higher demand.

OCEAN FREIGHT

Due to blank sailings (cancellation of ship departures) on the Asian routes, the capacity situation remains tight. This should be taken into measure for all bookings.

As of August 20th, 2020, MSC has announced a PSS (Peak Season Surcharge) with costs of 100 USD/TEU. MSC justifies these additional costs with a higher loading volume from the Far East to Europe. Until now it’s not clear whether other carriers will follow or whether MSC will take back the PSS. If other carriers also introduce a PSS, this could further increase the rates. A decision on this is expected in the upcoming days.

Momentarily there are daily strikes by various unions at the port of Montreal. This leads to delays in the handling. In some cases ships have to be diverted to Halifax/CA.

RAIL FREIGHT

The traffic jam on the border between China and Kazakhstan has eased considerably. Some departures may still be delayed by customs checks.

Currently, the border crossing between Poland and Belarus is particularly affected by delays, with waiting times of 3 to 10 days. For the SENATOR Asia Rail Bridge (SARB) on the route from Zhengzhou to Hamburg, a transit time of 16 - 18 days can currently be expected.

SITUATION IN INDIVIDUAL COUNTRIES WORLDWIDE

CHINA
China's economy continues to experience an economic recovery, which was again reflected in the price development in July. Consumer prices rose by 2.7 percent.
The Chinese market, which is very important for German car manufacturers, is also recovering noticeably. This shows the latest data from the industry association PCA (China Passenger Car Association). In July 2020, 1.63 million passenger cars, SUVs and smaller commercial vehicles were sold, as the industry association reported in Beijing. This is an increase of 7.9% over the previous year.
China is by far the most important single market for German car groups Volkswagen (including Audi and Porsche), Daimler and BMW.

INDIA
India is the third country worldwide to register more than two million registered corona infections. This means that the known new infections here are increasing faster than in any other country in the world - even in Brazil or the USA.
In order to get the extreme economic damage under control, protective measures are nevertheless being eased noticeably. Because of the initially very strict lockdown, millions of day laborers have lost their jobs. In order to prevent growing poverty and possible famine, the government is trying to lift certain restrictions.

USA
Recently the US business figures for the second quarter of 2020 were published. According to these figures, many airlines suffered numerous declines in sales and volume in cargo traffic. The exceptions were Air Canada, the IAG Group, Air France-KLM and United Airlines. These carriers achieved oversized revenue increases compared to the same period last year.

In ocean freight, last week the US Coast Guard lifted recently agreed restrictions in ports on incoming and outgoing commercial vessels. This particularly affected the ports of Wilmington, Delaware Bay and Baltimore. Operations and the flow of goods may resume normal operations.

With SENATOR INTERNATIONAL you stay up to date

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