Newsletter – June 26, 2018
AIR FREIGHT UPDATESFewer flight delays for freighters, but ‘meltdown’ may be approachingsource: theloadstar.co.ukFrustrated by delayed flights? As the saying goes, you ain’t seen nothing yet. But, on a brighter note, charters and freighter flights may fare better than bellies. Read more here (login required).
Terror Alert prompts US to tighten air freight security
source: shippingazette.comUS authorities have abruptly introduced new air cargo security requirements in response to a terror alert. However, the move is not expected to cause upheaval to cargo flows.The US Transportation Security Administrtion (TSA) on June 11 notified air cargo operators that the requirements for the advance submission of manifest data for cargo destined for the US and shipments transiting the country were being modified. Read more here.
OCEAN FREIGHT UPDATESPrince Rupert plans to raise capacity by 33pc to 1.8 million TEUsource: shippingazette.comCANADA’s port of Prince Rupert plans to further expand its Fairview container terminal to boost its annual throughput capacity by 33 per cent to 1.8 million TEU in a bid to raise its market share in North America’s competitive Pacific northwest region. Read more here.
CMA CGM’s founder Jacques R Saade passes awaysource: shippingazette.comTHE founding president of the CMA CGM Group, Jacques R Saade, passed away Sunday, June 24, at the age of 81.Born in Beirut, Lebanon in 1937 and a graduate of the London School of Economics in 1957, Mr Saade moved to France in 1978, where he set up the Compagnie Maritime d’Affretement (CMA). He began with four employees, one ship, and one maritime service between Marseilles, France and Beirut. Read more here.
Carriers seek ways to reduce impact of rising bunker fuel costssource: shippingazette.comASIDE from implementing an emergency bunker surcharge, container shipping lines are considering other measures to mitigate the increasing cost of bunker fuel. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATESFeds to invest $167 million in road and rail infrastructure in Vancouversource: canadianshipper.comVancouver, BC — The Federal Government announced a major investment of $167 million for three projects that will see improvements to port and rail infrastructure in Vancouver. Read more here.