THE Alliance prepares contingency

In the wake of the Hanjin bankruptcy, THE Alliance has devised a “catastrophic instrument” funding mechanism, to be used if one of its member lines were to fail. The proposals would allow fellow alliance lines to “take other actions to facilitate the movement or cargo carried by the affected party to the intended port of discharge or other locations”.

Other clauses give the members the right to deal directly with shipowners of chartered-in ships and/or other carriers providing slot charters to the bankrupt partner.

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Delays to Hong Kong’s new air traffic control

Delays to Hong Kong’s new air traffic control system could lead to more cancelled flights. Source tells Post new system may not go live on Sunday as planned, prompting concerns that reduced flight schedule may go on longer than expected Hong Kong’s controversial new air traffic control system is set to plunge airlines and the city’s international airport into fresh chaos as the final commissioning to an upgraded flight radar system this weekend is set to be delayed, the Post can reveal.

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Japan shipping companies plan merger

Three of Japan's biggest shipping companies are merging their container operations to become more efficient. Nippon Yusen, Mitsui O.S.K. Lines and Kawasaki Kisen Kaisha said the joint venture would see savings of more than 110bn yen ($1bn; £820m) a year. With a fleet of 256 container vessels, the proposed business would hold about 7% of the world shipping market.

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BIFA - Industry News

HSE Stakeholder Bulletin: 4 June 2020

BIFA wishes to highlight Working safely guidance for factories, plants and warehouses. Protecting home workers With many people working from home during the coronavirus outbreak, it is crucial that...


Opponents rally at news that EC consortia BER could be re-evaluated next year

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Coronavirus (COVID-19) – Businesses and Employers Bulletin 4 June 2020

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Virtual Bake Off gets Young Forwarder Network off to a tasty relaunch

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Potemtial to extend payment period for Customs/Import VAT Duty due in 15 Jun

FAQs Q1: How can duty deferment users request a payment extension? If a duty deferment user is facing severe financial difficulties as a direct result of COVID-19 and is unable to make payment of...


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All coronavirus business support information can be found at gov.uk/business-support Contents The Corporate Insolvency and Governance Bill debated in the House of Commons Update from the Small...


Air Cargo Capacity Crunch: Demand Plummets but Capacity Disappears Even Faster

Global demand, measured in cargo tonne kilometers (CTKs), fell by 27.7% in April compared to the previous year (-29.5% for international markets). • Global capacity, measured in available cargo...


TAPA warns of a significant spike in cargo thefts as criminals get back to 'business as usual'

With entire national populations being advised to stay at home to stop the spread of COVID-19 since the beginning of March, cargo thieves have clearly found it much more challenging to target goods...


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