Incoterms 2020, the 9th version of the international commercial trade terms, has been released by the International Chamber of Commerce (ICC), with changes to DAT, FCA and CIF terms.
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Cancelled, or blanked, sailings have long been used by the container shipping lines to manipulate capacity when volumes fall, but inconsistencies in announcements around China’s Golden Week have been criticised, with accusations of blank sailing gamesmanship by the 2M and Ocean alliances.
Shipping lines including Maersk, Hapag-Lloyd, HMM and OOCL have announced that they will implement fines up to $15k for dangerous goods mis-declaration, which many lines suspect are behind recent containership fires.
French Customs have begun a month long trial of the systems that it will put in place for processing freight if the UK leaves the EU without a deal.
Flights into and out of Hong Kong have been cancelled by the Hong Kong Airport Authority owing to the occupation of the airport by protestors.
The sea freight bunker fuel operation will change significantly when the IMO’s global 0.5% fuel sulphur content cap is enforced from 2020, with shipping lines looking to pass on the additional costs.
Attracting 64,000 visitors from 125 countries Munich’s Transport Logistic is one of the industry’s biggest events, so when shippers and forwarders express concerns over the increasing decline in container carriers the press take notice.
The UK and South Korea have agreed a post-Brexit deal, which would mean that the two countries will maintain trade based on their existing free trade agreement with the EU.
Last week’s suspension of flights by India’s Jet airways followed a lengthy deterioration of services and increasingly optimistic public statements, which has caught many shippers out, with consignments stranded at airports and cargo facilities around the world.
