New Zealand Trade and Enterprise (NZTE) produce bi-monthly update on what is happening in the freight and supply chain world. Here is an overview of their March update.
Airfreight & Travel
Global passenger travel remains restricted, with no indication it will return to pre-COVID-19 levels anytime soon. Predictions still suggest a recovery time of more than three years for international travel to normalise.
We understand there has been a reduction in international flights per week from over 550 to between 130-140 per week. The IAFC scheme currently supports approximately 50% of the international flights per week and accounts for around a third of freight tonnage.
Unexpected surge in global consumer demand amidst COVID-19 has led to increased and peaked demand for shipping services and equipment, beyond available capacity, across both vessels and port infrastructure. This has led to congestion at ports globally, delays in shipping, cancelled sailings and escalating sea freight rates.
The Ports of Auckland (POAL) reported that the average delay between a vessel’s estimated and actual times of arrival is now about 8.9 days. POAL is also making progress recruiting crane drivers to increase their capacity and the immigration process is underway for additional resource, however we understand some shipping lines such as Maersk have made the decision to temporarily bypass POAL in favour of Port of Tauranga.