A Word From GPLN: Issue 75 / May-June 2020
Pre-existing troubles in freight forwarding due to the impact of Covid-19 have intensified, according to Transport Intelligence (TI) latest research which reveals that the global freight forwarding market could contract by 7.5% in 2020 as a result of the crisis, projecting a second consecutive year of negative growth. The analysis of the impact of COVID-19 indicates an extremely challenging year ahead for forwarders which was already struggling from the US-China trade war, falling production in key markets, and a wider economic slowdown. The new research shows that, in a best-case scenario, the impact of COVID-19 will drain 2.0% from global market value but this is also depending on the easing of social and economic restrictions in the second half of the year. If the public health crisis endures and the lockdown measures seen across much of the world so far in 2020 remain, the fall in market value will be much steeper. Under such circumstances a worst-case scenario would impact regional and country markets hard, especially the US market which is projected to contract by 10.8%. However, there are reasons for hope with signs that Asian markets are emerging from the crisis and an increasing momentum in Europe behind an easing of restrictions, at least in certain sectors of the economy.
As announced earlier, we have postponed our AGM in Casablanca from this year to May 15-17 in 2021 at the Parkhotel in Bremen/Germany, just ahead of Breakbulk Europe (May 18-20, 2021), so that our delegates can combine next year both events in the same city. All relevant details are published on our dedicated AGM page of our website. This is obviously subject that the world is back to normal by then.
Breakbulk Europe has been also rescheduled and will now take place from September 29 to October 1, 2020. GPLN will exhibit with a spacious stand in the main Hall 5 of Messe Bremen. So far following GPLN members will join our stand: Agence Maritime Mohab/Tunesia, Brelog/Germany, Falcon International/Canada and Unishipping International/Bulgaria. Right on the day Breakbulk Bremen starts in the evening, on September 29, we are organizing again our renowned Heavy Lift Maritime and Transport Seminar at the Parkhotel which is located within walking distance to the exhibition center. This technical course is also open for non GPLN members and offers a great opportunity to learn more about Heavy Lift Shipping and expand technical abilities and knowledge for project cargo business. More details are available on our website. Both our participation at the Breakbulk Expo and our Seminar are obviously subject that we’re back to normal conditions allowing us to travel and participate safely.
Depending on the development of the Covid-19 situation in USA we might also exhibit at Breakbulk Americas in Houston which was postponed from end of September to November 3-5, 2020, but we will not participate this year in Breakbulk Asia in Shanghai which was rescheduled from March to August 2020.
Stay safe and healthy!
Your GPLN Team
|New GPLN Members / March – April 2020
||Greenroad Armenia LLC
||Greenroad Bolivia SRL
||Shanghai Greenroad International Logistics Co., Ltd.
||Greenroad Ethiopia Logistics PLC
||Epitome Logistics LLP
||Greenroad Shipping & Logistics SARL