Newsletter – January 23, 2018
AIR FREIGHT UPDATES
November Peak Season Air Freight Demand Up 8.8%
Geneva – The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), climbed 8.8% in November 2017 compared to the year-earlier period. This was an increase from the 5.8% annual growth recorded in October 2017. Despite indicators pointing to air cargo having passed a cyclical growth peak, demand remains strong. Read more here.
US announces new cargo screening for some Middle East flights
The US Transport Security Administration has brought in a new set of rules for air cargo coming from five Muslim-majority Middle Eastern nations.
Cargo planes headed to the US from Egypt, Jordan, Qatar, Saudi Arabia and the United Arab Emirates will all face additional screening. Read more here.
Boeing 787-10 Dreamliner Cleared For Service
Boeing has received amended type certification from the US Federal Aviation Administration for the 787-10 Dreamliner, clearing the aircraft for commercial service.
The 787-10 is a stretched version of the 290-seat 787-9. It is just over five metres (18 feet) longer than its smaller sister and can seat 330 in a two class layout. Read more here.
Iranian and HK ships collide off Japan, biggest oil spill since 1991
THE wreck of the National Iranian Tanker Company’s (NITC) sunken Suezmax Sanchi has been located in 115 metres of water in the East China Sea, Reuters reports. Read more here.
OCEAN FREIGHT UPDATES
Maersk Signs Up to the New York Shipping Exchange
Maersk Line has become the sixth container carrier to sign up the groundbreaking New York Shipping Exchange (NYSHEX).
NYSHEX, which started operations in August last year, is promoting its digital forward freight contract for container shipping, a world first. Read more here.
GROUND AND RAIL FREIGHT UPDATES
Evacuations over but highway remains closed after fire at Port Coquitlam, B.C., train yard
Homes and businesses near a Canadian Pacific Railway yard in Port Coquitlam, B.C., were evacuated after a truck and a train car collided Monday night, sparking a large fire.
The 6:35 p.m. PT collision caused no injuries, the City of Port Coquitlam said in a statement, and Canadian Pacific says there are no toxic materials on the train. Read more here.
INTERNATIONAL BUSINESS GOVERNMENT UPDATES
Trump signs bill ending shutdown, official says
Washington (CNN)President Donald Trump signed a bill Monday night ending the government shutdown, capping off a nearly three-day deadlock and reinstating funds until February 8, a senior administration official said. Read more here.
Tsunami warning ends for B.C. after large earthquake strikes off Alaska
A tsunami warning for coastal British Columbia and parts of Alaska has ended after a powerful earthquake struck about 250 kilometres southeast of Chiniak, Alaska, early today. Read more here.