Mixed fortunes for Australian trade: air freight subsidies but ocean constraints

Aussie exporters received a shot in the arm today with news of a fresh round of subsidies for agri-filled freighter flights – but importers face capacity constraints on ocean freight.
An extra A$240m (US$166m) has been earmarked for the International Freight Assistance Mechanism (IFAM), launched in April after agricultural exporters were left reeling by the sudden elimination of 91% of air cargo capacity.
The grounding of passenger fleets due to coronavirus meant …

The post Mixed fortunes for Australian trade: air freight subsidies but ocean constraints appeared first on The Loadstar.

Source: The Loadstar

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