The industry has navigated the crisis with some skill, but pressure to cut prices is growing.
For a container shipping industry whose fortunes depend on ever greater globalisation, the coronavirus pandemic appears an intimidating enemy.
The $1 trillion container shipping industry is in a slowdown. Literally.
Some shipping lines, whose retail customers are being hammered by the coronavirus pandemic, are reducing sailing speeds and taking longer routes around Africa, avoiding Suez canal passage fees, according to the companies and ship-tracking specialists.
1-minute read (2-minute watch)
Shipping lines start sailing at reduced speed — a tactic that absorbs capacity since more vessels are required to provide the same frequency of service. How does it affect you?
New Zealand Post has apologised for the delivery delays many Kiwis have experienced amid Covid-19, explaining why so many packages have taken so long to reach their new homes.
With courier drivers overloaded, orders that are usually delivered overnight are often taking at least two days, and in many cases sometimes even longer.
Work on Auckland Airport’s runway has begun as part of a $26 million project to replace pavement in the main touchdown zone.
Jet-blast fences were be transported onto the runway and 80 workers started work to shorten the airport’s runway by 1.1km in order to replace 280 concrete slabs at the eastern end.
Airfreight through Auckland Airport and around the world plunged in April but imports of some products to this country soared, including goggles, disinfectants and toilet cleaner.
As air travel started grinding to a near-halt, equipment to combat Covid-19 took up limited air cargo space, as footwear, clothing and makeup imports plunged.
Almost every challenge in aviation requires a team effort to solve it. Today we face the biggest challenge in commercial aviation’s history: restarting an industry that largely has ceased to operate across borders, while ensuring that it is not a meaningful vector for the spread of COVID-19.
6-minute readFREQUENTLY ASKED QUESTIONS
What are the new rules for importing tobacco products, tobacco leaf and refuse?
From 1 July 2020, tobacco products, tobacco leaf and refuse will become prohibited imports and you will be required to have a permit to import these products. Permits will be approved and issued by the New Zealand Customs Service.
Imports in April 2020 had their biggest fall since October 2009, resulting in a monthly trade surplus of $1.3 billion, Stats NZ said today.
“This is the largest monthly trade surplus on record and the annual goods trade deficit is the lowest since March 2015,” international statistics manager Darren Allan said.
The Government is freezing charges at the border to help export and import businesses and protect jobs from the impacts of COVID-19, said Minister of Customs Jenny Salesa.
A new fee regime for exporters and importers due to come in on 1 June has been put on hold for at least 12 months.