Economy

  • Inactive boxship fleet to surpass 3m teu for the first time


    Apr 8, 2020 — The sudden massive volume of blanked sailings announced in recent days is set to create new records in terms of the inactive containership fleet, which analysts at Alphaliner are now saying will breach the 3m teu mark for the first time meaning some 13% of the entire global box fleet will be out of work. The inactive containership fleet had actually been dropping for most of the last month having hit a record of 2.46m teu at the start of March.
  • Joint Association Letter – Emergency Financial Support Needed for the Defense Personal Property Program (DP3)


    Apr 7, 2020 — IAM and AMSA signed a joint letter to the USTC Commander, GEN Stephen Lyons, asking for any advocacy/assistance he could provide for this industry to work with DoD to get financial support.
  • COVID-19 Relief Package Clarification


    Apr 7, 2020 — For companies whose operations have been curtailed or otherwise impacted by COVID-19 related restrictions, several clarifying guidance and forms were issued over the weekend, connected to programs created under the first three legislative relief packages to pass the Congress.