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  • 23 January 2017

    AIR FREIGHT UPDATES
     
    Fog Hits Heathrow Airport, Some Cancellations
    source: AirWise
    About 100 flights have been cancelled at London’s Heathrow Airport for Monday morning as fog reduced visibility down to a hundred yards. Read more here
     
    Air freight demand hopes high, as new year gets off to a flying start
    source: TheLoadStar
    Air freight demand has continued buoyant into 2017, after a healthy final quarter last year. While rates appeared to fall back in December after a strong November, January has bucked normal trends with a reasonably good start. Read more here
     
    YVR Announces Plan to Guide Its Anticipated Growth over the Next 20 Years
    source: CIFFA
    Vancouver International Airport (YVR) has unveiled Flight Plan 2037, a $5.6-billion plan for expanded terminals, new taxiways, a geoexchange system, and upgraded roads and bridges. Read more here

    OCEAN FREIGHT UPDATES
     
    Clarification from Yang Ming
    source: CIFFA
    Following the publication in the eBulletin on Friday, January 20of the link to a Loadstar article, Yang Ming contacted the CIFFA secretariat advising that the article had caused grave and undue concern to its customers and asking us to clarify certain points. Yang Ming's message follows. "Yang Ming is financially secure and has full access to Taiwanese government-backed funding of US$1.9 billion. Yang Ming is fully committed to obligations with customers and has been receiving continued support from customers. Yang Ming is not in default of any obligations and has not approached its creditors with demands to restructure any of its debts. The ownership structure of Yang Ming is very different from other carriers and any comparison of Yang Ming with the defunct Hanjin is inaccurate and any speculation is pointless."
     
    Pakistan's first deepwater box terminal due to open in April
    source: Shippingazette
    CONSTRUCTION of Pakistan's first deepwater container terminal at the Karachi Port - a joint venture of Karachi Port Trust (KPT) and Hutchinson Port Holdings - has entered its final development phase, and is expected to begin servicing its first mega ships by mid-April. Spread over 85 hectares and with a draft depth of 16 metres at the mouth of Karachi harbour, the terminal is designed to accommodate ships of up to 20,000 TEU. With South Asia Pakistan Terminals Ltd (SAPT), Pakistan will be able to lower costs for the country's importers and exporters and reduce the transit time for shipments.  This can be an early harvest project from China Pakistan Economic Corridor (CPEC) point of view because Gawadar Port, which lacks supporting infrastructure - power, storage, roads and railways - will take a while to fully develop. [Excerpted from Shippingazette]

    GROUND AND RAIL UPDATES
     
    First China-to-U.K. Rail Freight Service Arrives in London
    source: CIFFA
    The first demonstration rail freight service carrying textiles and other consumer goods from China to the U.K. arrived in London on January 18, having left Yiwu Xi station in eastern China's Zhejiang province on January 1. The inaugural train is expected to be followed by weekly services for three or four months to assess customer demand.  Read more here

    INTERNATIONAL BUSINESS - GOVERNMENT UPDATES
     
    WTO Urges Caution on Protectionism
    source: CIFFA
    Attending the World Economic Forum in Davos, World Trade Organization Director-General Roberto Azevêdo welcomed the strong desire shown by ministers and the private sector for new negotiated outcomes to be delivered at the WTO's Ministerial Conference in Buenos Aires in December this year. Responding to concerns about a potential rise in protectionism, the Director-General urged WTO members to show leadership and caution. Read more here
     
    President Trump Promises ‘Good Results’ From Nafta Talks
    source: AJOT
    President Donald Trump used one of his first appearances in the White House to reaffirm a campaign promise to renegotiate Nafta, indicating that he isn’t retreating from the opposition to free trade that was central to his election campaign. Read more here

  • 20 January 2017

    OCEAN FREIGHT UPDATES
     
    Red Flag for Yang Ming as Container Line is Weighed Down by Billion-Dollar Losses
    source: CIFFA
    Following the bankruptcy of Hanjin, Taiwan's Yang Ming is now the container line in the greatest financial danger, according to a research paper published on January 19. Drewry Financial Research Services (DFRS) says the line has the industry's most leveraged balance sheet, with a net gearing of a massive 437% at the end of Q3. The figure soars above the industry average of 124% and is nearly five times that of its closest regional peer, Evergreen. Read more here
     
    Shippers and 3PLs expect trade tension as Trump eyes Asian supply chains
    source: TheLoadStar
    Political events over the past year have ushered in a paradigm shift for supply chains, as they are set to become more intra-regional amid an increase in global trade volatility, according to analysts. Read more here
     
    HMM to buy stake in Hanjin's port terminal in US
    source: TheLoadStar
    Hyundai Merchant Marine (HMM) is to buy a 20% stake in  Hanjin’s US port terminal operator, Total Terminals International, for $15.6m. Read more here
     
    April launch of new alliances could create uncertainity in the market
    source: Shippingazette
    THE realignment of the four global vessel-sharing alliances into three larger and more powerful alliances can be viewed as the shipping industry's latest attempt to cut costs and increase leverage in a cut-throat environment.Rate volatility is possible as the alliances compete for business, according to IHS Media. Marine terminal operators, however, could feel the biggest residual impact of the alliance reshuffling. The alliances, and the bigger ships they will deploy, will require taller cranes, more yard space, expanded gate capacity, and probably longer hours of operations. Terminal operators and operating ports will have to pick up the bill for theseadditional costs. The rapid changes occurring in the industry, including carrier mergers and acquisitions and the August bankruptcy filing by Hanjin Shipping are further clouding the crystal ball, because the newly merged carriers are still working out their internal operations while they meet with their counterparts in the new alliances. Advanced transmission of shipment data would be of special benefit to service providers such as terminal operators and truckers. [Excerpted from Shippingazette]

    GROUND AND RAIL UPDATES
     
    China plans multimodal transportation network to ease road congestion
    source: Shippingazette
    CHINA has unveiled ambitious plans to develop a multimodal transportation system to ease road congestion and lower transportation and packaging costs, as its leading mode of truck haulage has "low added value," according to Ministry of Transport (MOT) official Wang Shuiping. Qualified freight companies including railway, road, water and air cargo businesses can carry out multimodal transport operations connecting different ways of transport either individually or in partnership with other companies, according to a MOT circular issued to the industry, reported Xinhua. Conditions should be created for more medium and long-distance freight to move from road transportation to railways, cargo vessel and other transportation modes in an orderly manner, it noted. [Excerpted from Shippingazette]

    CANADIAN BUSINESS - GOVERNMENT UPDATES
     
    Port of Hamilton releases results of 2016 shipping season
    source: CanadianShipper
    Hamilton, Ont.–The Hamilton Port Authority has released its cargo results for the 2016 shipping season. In 2016, 562 vessels visited the Port of Hamilton, carrying 9,277,282 MT of cargo, edging out the 2015 season total by 0.4%. Read more here

    INTERNATIONAL BUSINESS - GOVERNMENT UPDATES
     
    America’s Original Nafta Negotiator Says Trump Can Improve Deal
    source: AJOT
    The U.S. dealmaker who negotiated the North American Free Trade Agreement said Donald Trump shouldn’t destroy the pact, but expand it to embrace more industries. Read more here

    UK forwarders call for more details on Brexit plans
    source: Shippingazette
    THE British International Freight Association (BIFA) says the British Prime Minister Theresa May's plans for a clean break from the European Union delivered some clarity, but remained short on the details to help its members in doing their business of managing much of the UK's visible international trade. "Today, Theresa May has promised to take Britain out of the EU single market and pledged to seek a 'bold and ambitious' trade agreement with the bloc. The prime minister said that she wanted 'an ambitious customs agreement with the EU' while rejecting the Customs Union because of the common external tariff that prevents Britain from negotiating separate trade deals with third countries. The association said Mrs May's statement allowed the association to identify where the new 'friction points' in international trade could occur and work with the government to negotiate the best possible outcome for UK businesses, the London's Air Cargo News reported. [Excerpted from Shippingazette]

  • 19 January 2017

    AIR FREIGHT UPDATES
     
    China-UK railroad corridor spells trouble for airfreight
    source: AirCargoWorld
    The first container train from China reached the U.K. today, arriving at the London Eurohub in Barking. Completed in 18 days, the rail transit connection threatens to disrupt China-Europe supply chains, with airfreight appearing especially vulnerable. Read more here

    OCEAN FREIGHT UPDATES
     
    Shippers' Postponements of Long-Term-Rate Deals Could Backfire
    source: CIFFA
    Many shippers are postponing long-term contract negotiations with lines until after the Chinese New Year in the hope of securing better deals should spot rates then fall. Read more here
     
    Yang Ming labelled the new Hanjin by Drewry
    source: Splash247
    Drewry Financial Research Services has described Taiwan’s second largest containerline as the next Hanjin while slapping its stock as unattractive in a new report. Nevertheless, despite the huge wave of consolidation swirling the box sector, Yang Ming senior management remain defiant, saying they will not merge. Read more here
     
    Cosco Shipping in talks to buy OOCL 
    source: Splash247
    Cosco Shipping is readying a bid of more than $4bn to take over Hong Kong’s Orient Overseas Container Line (OOCL), the Wall Street Journal (WSJ) is reporting. WSJ journalist Costas Paris has been behind most of the scoops of liner mergers in the past 18 months. Read more here
     
    OOCL Denis Cosco Bid
    source: splash247
    Officials at Hong Kong’s Orient Overseas Container Line (OOCL) remain coy over a possible takeover or merger. Read more here.  

    GROUND AND RAIL UPDATES
     
    Keith Creel to become CEO of Canadian Pacific; E. Hunter Harrison to retire
    source: CanadianShipper
    CALGARY, Alta.–Canadian Pacific Railway Limited announced that Keith Creel will become President and Chief Executive Officer of the company effective January 31, 2017 following E. Hunter Harrison’s decision to retire from CP.  Read more here

    CANADIAN BUSINESS - GOVERNMENT UPDATES
     
    St. Lawrence Seaway Ties Record for Longest Navigation Season
    source: AJOT
    Cornwall, Ontario - After opening the 2016 season on March 21, the St. Lawrence Seaway closed on December 31, enjoying a navigation season of 286 days. This performance ties the record first established in 2008 and matched in 2013 for the longest navigation season. Read more here
     
    Canada Given Advance Notice of Trump's NAFTA Demands
    source: CIFFA
    Wilbur Ross, chosen by U.S. President-elect Donald Trump to reshape U.S. trade policy, has informed Canada that rules of origin and independent dispute tribunals will be central to talks aimed at resetting the North American Free Trade Agreement. Read more here

    INTERNATIONAL BUSINESS - GOVERNMENT UPDATES
     
    May Pitches Brexit U.K. as Global Cheerleader for Free Trade
    source: AJOT
    Theresa May pitched post-Brexit Britain as a champion of globalization and free trade, saying she wants to defend the “rules-based international system.” “The U.K. will step up to a new leadership role as the strongest and most forceful advocate for business, free markets and free trade anywhere in the world,” the prime minister said in a speech to the World Economic Forum at Davos, Switzerland, on Thursday. Read more here

  • 18 January 2017

    OCEAN FREIGHT UPDATES
     
    SM Line Corporation snaps up box ship quintet from Hanjin Shipping
    source: FairPlay
    SM Line Corporation has acquired five 6,655 teu container ships that had been operated by Hanjin Shipping as it prepares to relaunch the liner's Asia-US and intra-Asia services.
    SM Line Corporation has acquired Hanjin Bremerhaven, Hanjin Budapest, Hanjin Port Kelang, Hanjin Tianjin, and Hanjin Xiamen, according to shipbroking sources. Read more here. 
     
    Panama Canal to Reduce Booking Slots Due to Transit Delays
    source: CIFFA
    Delays in transit for non-booked vessels have forced the Panama Canal Authority (ACP) to temporarily cut its slots to five for neo-panamax vessels as of January 20. Read more here
     
    Four New Panamax cranes arrive at the Port of Savannah
    source: AJOT
    Savannah, Ga. - Four new Super Post Panamax ship-to-shore cranes arrived at Garden City Terminal Monday, bringing the Port of Savannah’s total to 26, more than any other terminal in the U.S. Read more here

    GROUND AND RAIL UPDATES
     
    First China to UK rail freight service arrives in London
    source: RailWayGazette
    UK: The first demonstration rail freight service carrying textiles and other consumer goods from China to the UK arrived at the London Eurohub terminal in Barking just after 13.00 on January 18, having left Yiwu Xi station in eastern China’s Zhejiang province on January 1. Read more here
     
    The future of freight: challenges and opportunities facing the industry
    source: IRJ
    THE European Rail Freight Association (ERFA) brings together newcomers on the European rail market. ERFA covers the whole value chain of rail transport across Europe and all members are united in a commitment to work towards a competitive and innovative single European railway market underpinned by attractive, fair and transparent market conditions for all railway companies. Read more here

  • 17 January 2017

    AIR FREIGHT UPDATES

     
    Not waiting for UN, the NTSB seeks US lithium battery regulation
    source: Shippingazette
    THE US National Transportation Safety Board (NTSB) has recommended that lithium batteries be physically separated from other flammable materials carried as cargo. Unlike the UN's International Civil Aviation Organisation (ICAO), the NTSB believes the circumstances and findings in the Asiana incident show the need for new cargo segregation and loading density requirements. This would, if it becomes a regulation, establishes American maximum loading density requirements designed to restrict the quantities of lithium batteries and flammable, hazardous materials on board an aircraft.Read more here. [Excerpted from Shippingazette]
     
    US-Cuba To Sign Air Services Agreement
    source: CIFFA
    A bilateral agreement between the U.S. and Cuba is expected to be signed this week, re-establishing scheduled air services between the two countries after more than 50 years. Scheduled services are expected to commence sometime later this year," said the DoT. The agreement is expected to trigger intense competition among US airlines for routes and airport slots to a destination that has been off-limits since the 1960s. It will provide for as many as 110 daily, round trip flights between the US and Cuba, including 20 daily flights to Havana and 10 others to airports outside the capital city.

    OCEAN FREIGHT UPDATES
     
    OOCL Will Not Carry Prohibited Commodities: Whale, Shark, and Dolphin
    source: CIFFA 
    In OOCL's commitment to sustainability and best practices in the industry, OOCL has announced it will not accept cargo bookings for whale, shark, and dolphin, and their related products with immediate effect. For further information, please kindly contact our local representatives. 
     
    Forwarders give cautious welcome to container line pricing change
    source: Lloyds Listing
    Freight forwarding representatives in the UK have given a cautious welcome to an agreement announced this week in which 15 leading container lines will abandon general rate increases (GRIs) in favour of a new pricing announcement mechanism, following a two-year inquiry by the European Commission into possible competition infringements – alleged “price signalling” – by lines. Read more here
     
    Future of Container Alliances up in the Air as CMA CGM and China Cosco Shipping Plot New Partnership
    source: Splash 24/7
    French container analysts Alphaliner report the Ocean 3 alliance is likely to be ripped apart. CMA CGM is in discussions with the merged Cosco/China Shipping entity to form an alliance that could also include OOCL and Evergreen. The new alliance would leave Middle Eastern boxline UASC out in the cold. Read more here
     
    Greek port strike ends tonight
    source: Splash 24/7
    The latest two-day strike to hit Greece’s top two ports is set to end tonight. Greek dockworkers have been protesting the government’s decision to privatise ports, with Cosco taking control of Piraeus on a 40-year-concession, and a number of global terminal operators expressing interest in taking over Thessaloniki Port. This week’s strike is the third in the past six months at Greek ports. Read more here
     
    Rotterdam port backs 3-D metal printing to make spare parts
    source: Shippingazette
    THE Port of Rotterdam will be acquiring its own "Additive Manufacturing Fieldlab" with 3D metal printers to work on spare parts for the maritime industry. The EUR1 million (US$1.12 million) 3D metal printer will be housed at RDM Rotterdam, the old Rotterdam Drydock Company facility, long since an innovation showcase and an incubator for business, education and research projects. This Fieldlab will provide port-related companies with a collective location to accelerate developments in this area. "3D printing is promising, but also complex. Developments are appearing in rapid succession," said MrCastelein. [Excerpted from Shippingazette]

    GROUND AND RAIL UPDATES
     
    First Silk Road Train Arrives in Tehran from China
    source: Live Mint
    Tehran: The first train to connect China and Iran arrived in Tehran on Monday loaded with Chinese goods, reviving the ancient Silk Road, the Iranian railway company said. Read more here

    CANADA BUSINESS - GOVERNEMENT UPDATES
     
    Canadian Pacific To Seek Declaratory Order From U.S. Surface Transportation Board
    source: CIFFA
    Canadian Pacific Tuesday announced it will seek a declaratory order from the U.S. Surface Transportation Board (STB) confirming the viability of the voting trust structure that CP has suggested as part of its proposed merger with Norfolk Southern Corp. (NS). CP urges NS, consistent with its duties to its shareholders, to assist constructively in this effort, but intends to proceed regardless of NS's cooperation. Read more here
     
    2015 “Noteworthy” Year for Transportation and Logistics M&A
    source: Canadian Shipper
    NEW YORK, N.Y.–It was a noteworthy year for merger and acquisition (M&A) activity in the transportation and logistics industry, as total deal value nearly doubled the level raised in 2014, according to Intersections, a quarterly analysis of global deal activity in the transportation and logistics industry by PwC US. Read more here

  • 16 January 2017

    AIR FREIGHT UPDATES

     
    Hong Kong ends 2016 with a cargo volume flourish and a 3.2% full year increase
    source: aircargonews.net
    Hong Kong International Airport (HKIA) looks set to retain top spot among global airfreight hubs as its 2016 throughput increased by 3.2% year on year to 4.52m tonnes.
     
    The Asian super hub, which saw a double-digit cargo surge in December, is the latest to report a rise in volumes for 2016, although statistics for North American and the major Chinese hubs are still to be logged. Read more here.
     
     
    India to set up electronic air cargo processing system to boost efficiency
    source: shippingazette.com
    THE Indian government plans to develop an air cargo community system through a public private partnership, in a bid to lower costs and improve the efficiency of processing airfreight.
    A report by an Indian Ministry of Civil Aviation committee said that it backed having a single window system for the air cargo community to interface with Indian Customs systems to facilitate the "seamless movement of goods and information," reported London's Air Cargo News.
    Ministry of Civil Aviation senior advisor Renu Singh Parmar said: "Each air cargo shipment on average carries around 30 types of documents and well over 100 copies, thus resulting in significant documentation overheads, increased dwell times and supply chain opaqueness."
    He said the electronic platform will eliminate duplicate data entry, reducing unnecessary paperwork by giving authorised access to data to the relevant supply chain stakeholder, and bring in supply chain visibility "thereby reducing inventory and other transaction costs related to air cargo movement."
    "The information exchange is many-to-many resulting in complex/duplicate processes," the report added. "Further, there is a lack of uniformity for message interface, a lack of data harmonisation, and a lack of end-to-end tracking."
     

    OCEAN FREIGHT UPDATES
     
    Port of Los Angeles 2016 cargo volumes “busiest ever” for Western hemisphere port
    source: canadianshipper.com
    SAN PEDRO, Ca.–Cargo volumes at the Port of Los Angeles reached 8,856,782 Twenty-Foot Equivalent Units in 2016, marking the busiest year ever for a Western Hemisphere Port. Read more here
     

    CANADA BUSINESS - GOVERNEMENT UPDATES
     
    Government of Canada promotes innovation in Canada’s automotive sector
    source: canadianshipper.com
    DETROIT, Mi.–The Government of Canada’s Innovation Agenda aims to make Canada a global centre for innovation, and key programs that support research and development activities in the sector include the Automotive Innovation Fund and the Automotive Supplier Innovation Program, said the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, during his trip to Detroit, Michigan, for the 2017 North American International Auto Show (NAIAS).  Read more here
     
     
    Meet François-Philippe Champagne, Trudeau’s new trade minister
    source: macleans.ca
    Meet François-Philippe Champagne, Canada's New Trade Minister
    Last week's federal cabinet shuffle vaulted François-Philippe Champagne from a parliamentary secretary role to the high-profile post of Minister of International Trade.
    A lawyer, Champagne has worked as senior counsel and vice-president at ABB Group, a Swiss engineering giant, and then had a string of titles, including strategic development director, at AMEC Foster Wheeler, a big London-based project-management company focused on the energy sector. He won the Saint-Maurice-Champlain riding in the 2015 election.  Read more here

  • 13 January 2017

    AIR FREIGHT UPDATES
     
    British Airways Cabin Crew Call 3 Day Strike
    source: AirWise
    British Airways cabin crew working under ‘mixed fleet’ employment terms will strike for three days next week, the Unite union said. Read more here
     
    Air Canada Cargo Introduces Service Between Montreal and Shanghai
    source: CIFFA
    Air Canada Cargo is launching direct year-round daily service between Montreal and Shanghai on February 16 with a Boeing 787-8 aircraft
     
    Airfreight shippers could face price hikes between US and Venezuela as DoT rejects Transcarga traffic rights
    source: TheLoadStar
    Centurion and Amerijet have successfully hampered Venezuelan carrier Transcarga’s attempts to operate in the US by objecting to the US Department of Transport over its traffic rights. Read more here.

    OCEAN FREIGHT UPDATES
     
    CMA CGM tipped to take over OOCL
    source: Splash 24/7
    France’s CMA CGM, fresh from gobbling up Neptune Orient Lines (NOL), is being widely tipped to be the suitor to take over Hong Kong’s Orient Overseas Container Line (OOCL), the world’s eighth largest liner. Read more here
     
    Ports weigh natural gas as marine emissions rules tighten
    source: AJOT
    The tightening of emissions limits for deep-water ships has some of North America’s busiest ports chasing a new opportunity. Read more here
     
    Centerm Not Accepting Empty Drop-offs Temporarily as of January 16
    source: CIFFA
    Due to limited yard capacity, DP World will stop the empty drop-off program at the Port of Vancouver Centerm terminal on January 16, until further notice. Only empty containers with an export booking for vessel loading will be accepted through the truck gate.
    Contact Customer Service at DP World Vancouver if you have questions: 604-252-2420, Import@dpworld.ca or Exportdesk@dpworld.ca.

    CANADA BUSINESS - GOVERNEMENT UPDATES
     
    eManifest Update: Freight Forwarders That Are Non-Compliant Are Now Subject to Zero-Rated Penalties
    source: CIFFA
    The timeline for eManifest implementation requires that, as of January 11, freight forwarders electronically transmit advance house bill data on consolidated freight to the CBSA or be subject to zero-rated penalties (non-monetary) under the CBSA's Administrative Monetary Penalty System (AMPS). This situation will apply until July 12, 2017, when freight forwarders deemed to be non-compliant with eManifest requirements may be issued monetary AMPS penalties. Read more here
     
    Canada-EU Trade Deal Clears Further Hurdles in Europe
    source: CIFFA
    The Comprehensive Economic and Trade Agreement (CETA) between Canada and the EU received backing from a committee of the European Parliament and Germany's top court on January 12, increasing its chances of entering into force later this year. Read more here

    INTERNATIONAL BUSINESS - GOVERNEMENT UPDATES
     
    The most promising markets of 2017: What’s hot, what’s not and how to stomach the risk in between
    source: AJOT
    With 2016 properly packed away with the ribbons and glitter of the holidays, it’s time to face 2017, where new world leaders, political volatility and Mother Nature’s influence all promise to play influential roles. While the outlook for Emerging Market Economies (EME) going into 2017 is stable, uncertainty is on the increase with challenges stemming from the strong U.S. dollar and prospects for higher interest rates in advanced markets. Read more here

  • 12 January 2017

    OCEAN FREIGHT UPDATES
     
    Korean yards ready another 4,000 layoffs
    source: Splash24/7
    South Korea’s top three shipyards – Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME) – are readying to axe another 4,000 staff this year, adding to the five-digit figure made unemployed last year.  Read more here
     
    Already hard-hit feeder operators paying the price as bunker costs soar
    source: TheLoadStar
    Bunker prices doubled last year, ending at around $300 per tonne for heavy fuel oil (HFO) and $450 per tonne for low-sulphur marine diesel oil (MDO), putting more pressure on the already slim margins of feeder operators. Read more here.  
     
    China's One Belt will not affect sea freight
    source: Shippingazette
    CHINA's 'One Belt One Road' initiative will not threaten the dominance of sea freight in the transportation industry given that high-speed block trains can only transport 20 TEU, meaning they are only expected to control a market share of only a few per cent on trade routes between Europe and the Far East via Central Asia, Middle East and Africa. China Railway Corporation announced that the train, carrying clothes, bags and other items, departed from Yiwu in the eastern Zhejiang province. It will travel 12,000 kilometres over 18 days - passing through places such as Kazakhstan, Russia and Germany - before arriving in London. "The cost advantage of sea freight over rail freight remains significant, especially when container ships come with economies of scale. High-value or time-sensitive goods will benefit from the shorter transit time, but not general merchandise goods," he said. [Excerpted from Shippingazette]

    CANADA BUSINESS - GOVERNEMENT UPDATES
     
    Customs Notice 17-03: Highway Sufferance Warehouse Closure (Ottawa, Ontario)
    source: CIFFA
    The purpose of this notice is to advise that, effective January 20, the company located at 2473 Sheffield Road, Ottawa, Ont., will be surrendering its "BW" type highway sufferance warehouse licence, and the CBSA is advertising for a new highway sufferance warehouse in that area. Read more here

    INTERNATIONAL BUSINESS - GOVERNEMENT UPDATES
     
    OPEC’s production cuts are greatly overrated
    source: LogisticsMGMT
    Between the recent agreement by OPEC to cut oil production by 1.16 million barrels per day (bpd) and the unprecedented agreement by a group of non-OPEC countries to cut an additional 560,000 barrels per day, the world oil market could soon face a contraction in oil production on the order of 1.72 million.barrels per day. Read more here
     
    Donald Trump's Global Supply Chain Problem
    source: CIFFA
    According to J. Bradford Jensen of the Peterson Institute for International Economics, the top 1% of importers and exporters -- representing 66% of all imports and 60% of all exports, respectively -- are often the same companies. Further, 53% of America's biggest importers are also its biggest exporters. And of the biggest exporters, 36% are also among the top importers. Read more here.  

  • 11 January 2017

    AIR FREIGHT UPDATES
     
    Air Canada Cargo introduces Port of Spain
    source:  CanadianShipper
    MONTREAL, Que.–Starting January 10, Air Canada Cargo will begin direct widebody service to and from Port of Spain, Trinidad and Tobago, on a Boeing 767-300ER aircraft.

    ROUTE FLIGHT FREQUENCY DEPART ARRIVE
    YYZ > POS RV1880 .2.4… 08:45 15:10
    POS > YYZ RV1881 .2.4… 16:35 21:25
     
    Air Canada Cargo also provides direct, widebody service to and from other Caribbean locations:
    • Bridgetown, Barbados
    • Port-au-Prince, Haiti
    • Montego Bay, Jamaica
     
    Air Freight Demand Up 6.8 Pct In November - IATA
    source: AirWise
    Global demand for air freight rose 6.8 percent in November, lifted by strong growth in Europe, the Middle East and Africa. Read more here
     
    November air freight demand translates into strong peak season, says IATA
    source: TheLoadStar
    IATA has revealed its air cargo data for November, showing that – as predicted – it was a strong peak season. Anecdotally, forwarders have told The Loadstar that the peak was fuelled by Asian carriers in particular taking out capacity, the consequences of Hanjin’s bankruptcy and a general rise in volumes. IATA’s figures, however,show growth in available freight tonne km of 4.4% globally, and 4% in Asia. Read more here

    OCEAN FREIGHT UPDATES
     
    OOCL takeover talk picks up
    source: Splash24/7
    Speculation over Orient Overseas Container Line (OOCL) being up for sale has seen the share price of its parent firm soar more than 20% since the start of the year. It closed up another 10 cents today on the Hong Kong Stock Exchange to finish at HK$38.75, a high not seen since October 2015.  Read more here.  
     
    Container shipping sets sail for historic volume of consolidation in 2017
    source: TheLoadStar
    The number of container lines with an operating capacity of over 200,000 teu has reduced to 17 from 20 in the past year, and is set to shrink to 13 in the next 18 months as the industry experiences unprecedented consolidation. Read more here
     
    Port of Montreal 2016 freight volume surges 10pc - close to record
    source: Shippingazette
    THE Port of Montreal has continued its upward cargo momentum coming within one per cent of matching its container record of nearly 1.5 million TEU in 2015, the American Journal of Transportation reported. The 2016 performance was outlined at the traditional annual ceremony marking the arrival of the first ocean-going vessel to enter the port in the new year. The vessel was the 19,986- dwt Chem Sirius, a chemical tanker operated by Ace Tankers and flying the Liberian flag which had left Antwerp on December 19. The vessel's captain was awarded Montreal's 178th Gold-Headed Cane. [Excerpted from Shippingazette]

    GROUND AND RAIL UPDATES
     
    Addis Ababa-Djibouti Railway Completed, Creating High-Speed Link Between Ethiopia and Djibouti
    source: CIFFA
    The Addis Ababa-Djibouti Railway, a new 752-km track linking Ethiopia's capital with the Port of Djibouti, was officially completed on January 10. The new railway will cut cargo journey times between the Port of Djibouti and Addis Ababa from three days by road to just 12 hours. Read more here
    CANADA BUSINESS - GOVERNEMENT UPDATES
     
    CBSA Trade Compliance Verifications
    source: CIFFA
    The CBSA recently updated information on its site about Trade Compliance Verifications. A list of the agency's current verification priorities can be found here

    INTERNATIONAL BUSINESS - GOVERNEMENT UPDATES
     
    New year, new regulations for dangerous goods. Ignore them at your peril
    source: TheLoadStar
    Few who watched the spectacular fireworks that ushered in the new year around the world would have thought about the logistics behind the displays.  Read more here
     
    US Retail imports exceed expectations during holidays: Port Tracker
    source: Shippingazette
    The latest edition of the Port Tracker report, issued by the National Retail Federation (NFR) and maritime consultancy Hacket Associates, states that imports at the nation's major retail container ports saw an unexpected increase during the industry's busy holiday season.  In November, ports covered by Global Port Tracker handled 1.64 million TEU, the latest month for which after-the-fact numbers are available. That was down 1.6 per cent from October since most imported holiday merchandise had already arrived but up 11.2 per cent from November 2015. Global Port Tracker had previously predicted a year-over-year increase of 3.6 per cent. "Economic data is fickle by nature ?it surges and falls and often surprises us," Hackett Associates Founder Ben Hackett said, referring to sometimes-contradictory economic numbers seen over the past year. "There is both optimism and pessimism and pointers showing growth as well as decline. The US ports in the report are Los Angeles/Long Beach, Oakland, Seattle and Tacoma on the West Coast; New York/New Jersey, Hampton Roads, Charleston, Savannah, Port Everglades and Miami on the East Coast, and Houston on the Gulf Coast. [Excerpted from Shippingazette]

  • 10 January 2017

    AIR FREIGHT UPDATES
     
    India plans new community system to improve air cargo efficiency
    source: AirCargoNews
    The Indian government will develop an air cargo community system through a public private partnership to try and reduce the cost and improve the efficiency of processing airfreight shipments. Read more here
     
    Delegation Visits France Test Site For New Generation Air Traffic Management System
    source: AJOT
    Brussels, Belgium, Tuesday, 10th January 2017 – Delegates from the European Commission (EC) and the Innovation and Network Executive Agency (INEA) have visited the Marseille Air Traffic Control Centre (ACC) in France, one of two sites testing the new generation air traffic control (ATC) system, 4-FLIGHT. Read more here
     
    IATA updates dangerous goods regs to reflect ICAO technical instructions
    source: Canadianshipper
    CHICAGO, Ill.–The International Civil Aviation Organization (ICAO)has updated its Technical Instructions for the Safe Transport of Dangerous Goods, as it does every two years. According to Neil McCulloch, Senior Manager, International Product Development, with Labelmaster, said this is both a blessing and a curse. Read more here.

    OCEAN FREIGHT UPDATES
     
    North Europe ports still await final call list from new container shipping alliances
    source: TheLoadStar
    Just 12 weeks before THE Alliance is launched on the Asia-North Europe container shipping trade, the UK ports for its five loops are yet to be named.
    Formed by Hapag-Lloyd, Yang Ming and the Japanese trio of K Line, MOL and NYK, the vessel-sharing group announced its ‘base-plan’ port rotations on 8 November, following that of then rival grouping Ocean Alliance the previous week.  Read more here

    Maersk containership runs aground in Southern Italy
    source: Splash24/7
    9,000 teu containership Gustav Maersk grounded early this morning while transiting in the Strait of Messina, Southern Italy. Read more here
     
    Hanjin Shipping postpones first meeting with creditors claiming $26 billion
    source: TheLoadStar
    Hanjin Shipping has postponed its first meeting with creditors – owed around $26 billion – until 31 March. Read more here
     
    MSC’s Seattle port deal questioned
    source: Splash24/7
    The Port of Seattle has demanded Mediterranean Shipping Co (MSC) pay a security deposit before it takes over the running of Terminal 46, sold by bankrupt Hanjin Shipping.  Read more here

    GROUND AND RAIL UPDATES
     
    Figuring out how to improve urban freight flow
    source: FleetOwner
    One of the big challenges facing city planners in the U.S., much less around the world, is how to more accurately gauge urban freight flows so they can not only plan freight infrastructure investments better but also initiate more near-term traffic throughput improvements, too. Read more here
     
    Truck Digitization and Tech Developments in Freight will Boost Europe's Commercial Vehicle Telematics Market
    source: PRNewsWire
    LONDON, Jan. 10, 2017 /PRNewswire/ -- Growth opportunities are strengthening in the commercial vehicle (CV) telematics market in Europe with the imminent arrival of value-added services such as video-based safety solutions, mobile base on-demand freight exchange platforms, and field service management solutions. While penetration of fleet management services (FMS) in large and medium fleets is relatively high, addressing challenges such as awareness, adequate training, and better business cases are key to expansion within small fleets. Read more here

    INTERNATIONAL BUSINESS - GOVERNEMENT UPDATES
     
    Ping pong balls are no longer dangerous - official
    source: LloydsLoadingList
    The issue has gone back and forth across the table, and now UN chiefs have decided that ping pong balls should no longer be classified as dangerous goods when transported internationally by road.The balls, which are made of celluloid or similar flammable plastics, were on the list of goods included in ADR regulations (European Agreement concerning the International Carriage of Dangerous Goods by Road) because of the deadly fumes produced if they catch light. But amendments that come into force on 1 January will see them removed as a hazardous item, the Freight Transport Association (FTA) has advised. [Excerpted form Lloyds Loading List]
     
    Brexit Bulletin: Orderly or Disorderly?
    source: AJOT
    Theresa May was keen to stress on Monday she doesn’t “accept the terms hard and soft Brexit.”
    Investors may need to move beyond them too, after spending much of 2016 trying to guess if the prime minister would go hard (by focusing on controlling immigration and lawmaking) or soft (by safeguarding trade). Read more here

  • 9 January 2017

    AIR FREIGHT UPDATES
     
    British Airways Flights To Operate Despite Strike
    source: AirWise
    British Airways said its customers will be able to fly to their destinations on Tuesday, January 10 and Wednesday, January 11, despite a proposed strike by some cabin crew. Read more here

    OCEAN FREIGHT UPDATES
     
    US dockers' union says automated terminals are a barrier to smooth contract negotiations
    source: TheLoadStar
    The leader of the International Longshoreman’s Association (ILA), the labour union that represents the 65,000 dockworkers on the east and Gulf coasts of the US, says another sustained row between employers and employees may be on the way in advance of a new round of master contract negotiations. Read more here
     
    Port of Vancouver Reinstates Rail Production Report
    source: CIFFA
    The Port of Vancouver has reinstated daily posting of its rail production report beginning January 4. The report can be found here. In order to reflect a realistic view of on-dock dwell, the port calculates the "heat map" thresholds based on the average of the past two weeks of actual production. Note that reduced service around the holiday period, coupled with weather delays, has resulted in reduced average actual rail production. Effective January 2, CP has begun trucking out all rail-designated cargo from GCT Vanterm.
     
    Port of Montreal Has Record Year in 2016
    source: CIFFA
    The Port of Montreal announced last week that, according to preliminary statistics, it handled 35.2 million tonnes of freight in 2016. This unaudited figure corresponds to an increase of more than 10% in freight traffic over 2015, a record for the port.
     
    Panama Canal Gatun Locks Three-Day Lane Outage This Week
    source: CIFFA
    Beginning at 2000 hours today until 2000 hours on Thursday, January 12, the east lane of Gatun Locks will be out of service in order to perform unforeseen repairs on the northeast approach wall. Learn more in Advisory A-01-2017 from the Panama Canal. 

    GROUND AND RAIL UPDATES
     
    Freight industry opposes tunnels for new North East Link
    source: HeraldSun
    THE North East Link would be built with flyovers and trenches rather than tunnels, in a radical plan being proposed by Victoria’s freight industry. Read more here

    CANADA BUSINESS - GOVERNEMENT UPDATES
     
    Canada Achieves Its First Trade Surplus Since September 2014
    source: CIFFA
    Canada's merchandise trade balance with the world recorded its first trade surplus since September 2014, moving from a $1 billion deficit in October to a $526 million surplus in November. Exports were up 4.3%, on the strength of increased exports of metal and non-metallic mineral products, as well as record exports to countries other than the United States. Imports were up 0.7%, mainly on higher imports of energy products. Read more in Statistics Canada's The Daily

  • 6 January 2017

    AIR FREIGHT UPDATES
     
    2016 Air Cargo Improves, but Trump a Wild Card for 2017
    source: 24/7WallSt
    Air cargo volume increased by 6.9% year over year in November, on top of a 6.2% increase posted in October, according to data reported Wednesday by WorldACD Market Data. While volume growth has been steadily improving, revenues and yields have been slower to rise but improved in the second half of 2016. Read more here

    OCEAN FREIGHT UPDATES
     
    Port of Long Beach seeks public input on rail facility
    source: AJOT
    The Port of Long Beach is seen from Pier B.The Port of Long Beach will begin public hearings next week on a draft environmental study for the proposed redevelopment of an existing rail yard into a new facility that could increase the use of “on-dock” trains, moving cargo faster while making operations more sustainable. Read more here
     
    Biggest ship - 10,589-TEU Valparaiso Express - transits Panama Canal
    source: Shippingazette
    The Panama Canal transited its biggest ship, Hapag-Lloyd's Valparaiso Express, a 10,589-TEU neopanamax specifically built to take advantage of the greater capacity offered by the waterway, reported the Panama Bulletin. The vessel was constructed with an environmentally friendly landside shore connection, which allows the auxiliary diesels on board to be switched off while in port. By using the Panama Canal, the Valparaiso Express reduces more than 8,500 tons of carbon dioxide (CO2) emissions on its round trip voyage compared to other conventional routes that the vessel would have to use without the expanded Locks, making the Panama Canal the most environmentally friendly route. [Excerpted from Shippingazette]

    CANADA BUSINESS - GOVERNEMENT UPDATES
     
    Most Canadians Want New Tariffs on U.S. Goods if Trump Pulls Out of NAFTA: Nanos Survey
    source: CIFFA
    Nearly 50 per cent of Canadians said they support and 26 per cent said they somewhat support new tariffs on American goods if the U.S. were to pull out of NAFTA and apply new tariffs and duties on Canadian goods and materials entering the U.S., according to a Nanos survey conducted for CTV News. Read more here
     
    Port of Montreal sets new cargo record
    source: AJOT
    The Port of Montreal has continued its upward momentum, setting a new record for total cargo in 2016 and coming within 1% of matching its container record of nearly 1.5 million TEU in 2015. Read more here

    INTERNATIONAL BUSINESS - GOVERNEMENT UPDATES
     
    China to Streamline Logistics
    source: CIFFA
    The Chinese government has proposed an overhaul of China's logistics industry and infrastructure. Read more here
     
    Brexit Bulletin: Unhappy New Year
    source: AJOT 
    Just one week into 2017 and the prime minister has already lost her ambassador to the European Union. Not only that, but the departing broadside issued by Ivan Rogers – and the way he was replaced – have given voters and investors some key insights into how her government is run, and what that means for the chances of a successful Brexit. Read more here
     
    Cambodia's Sihanoukville port expansion wins positive industry response
    source: Shippingazette
    The Cambodia Freight Forwarders Association (CAMFFA) has welcomed the government's plan to expand Sihanoukville Autonomous Port (SAP) by building a new US$300 million container port on reclaimed land next to the existing facility that will include a terminal, container yard, customs and administrative buildings. According to spokesman of the Ministry of Transport and Public Works Va Sim Soriya, construction of the new container terminal was expected to begin in 2017 and finish by 2022. In a separate development, Japan International Cooperation Agency has provided a $74 million soft loan to build a new multipurpose terminal at SAP to raise the handling capacity to 700,000 TEU, up from 500,000 TEU. Scheduled for completion in 2018, the new terminal will increase the port's draft from 8.5 metres to 13.5 metres and be able to handle oil and agricultural shipments. [Excerpted from Shippingazette]
     
    India plans new community system to improve air cargo efficiency
    source: AirCargoNews
    The Indian government will develop an air cargo community system through a public private partnership to try and reduce the cost and improve the efficiency of processing airfreight shipments. Read more here

  • 5 January 2017

    AIR FREIGHT UPDATES
     
    Air cargo has the best peak season in years
    source: AirCargoNews
    The latest figures from analyst WorldACD show that the air cargo industry had the "best peak season in years" in 2016, with demand growth recovering from a slow start and yields improving at their fastest pace since 2010. Read more here
     
    New cargo airline eyes booming Cambodian air freight volumes
    source: TheLoadStar
    A new cargo airline is hoping to take advantage of soaring air freight volumes in and out of Cambodia. Backed by a Chinese company, Phnom Penh Air Cargo Co is expected shortly to apply for its AOC from Cambodian authorities, according to the Phnom Penh Post. Read more here
     
    Air Canada Cargo Adds Capacity in 2017
    source: CIFFA
    Air Canada Cargo continues to expand its network, with widebody capacity to six new cities and three new routes.
     
    Widebody capacity to new cities:
    - Montreal to Shanghai (starts Feb. 16, Boeing 787-8)
    - Toronto to Berlin (starts June 3, Boeing 767-300ER)
    - Vancouver to Taipei (starts June 8, Boeing 787-9)
    - Montreal to Marseille (starts June 9, Boeing 767-300ER)
    - Montreal to Algiers (starts July 1, Boeing 767-300ER)
    - Toronto to Mumbai (starts July 1, Boeing 787-9)
     
    New routes:
    - Vancouver to Frankfurt (starts June 1, Boeing 787-8)
    - Vancouver to Nagoya (starts June 1, Boeing 767-300ER)
    - Vancouver to London Gatwick (starts June 8, Boeing 767-300ER)
     
    In addition to these new routes, Air Canada is expecting to take ownership of nine new cargo-friendly Boeing 787-9 Dreamliner aircraft throughout 2017, for increased capacity to and from key markets.
     
    NY Governor Announces USD$10 Bln JFK Airport Upgrade
    source: AirWise
    New York Governor Andrew Cuomo has announced a USD$10 billion plan to upgrade New York’s JFK Airport, which includes linking the terminals and redesigning road access and parking. Read more here

    OCEAN FREIGHT UPDATES
     
    General Average – a useful guide on issues arising in container shipping
    source: TheLoadstar
    General Average is an insurance concept that might make a lot of sense to shipowners, the old salts that crew their vessels and the men of London’s Square Mile who insure it all – but for the thousands of freight forwarders that fill the slots of the world’s box fleet, it is mostly arcane and confusing. Read more here
     
    LA Harbor entrance closed to ships after reports of possible helicopter crash
    source: Splash 24/7
    Ship traffic was denied access to Los Angeles Harbor on Wednesday when US Coast Guard (USCG) closed the harbor entrance after reports of a two-person helicopter crashing near San Pedro, according to the Associated Press. Read more here
     
    Cambodia plans to expand its ports to reach 700,000 TEU capacity
    source: Shippingazette
    CAMBODIA is expanding its container port industry amid plans to raise private funding for a US$300 million expansion of the Sihanoukville Autonomous Port (SAP) starting in 2017, as well as build a new multipurpose terminal at SAP with Japanese financing that will raise handling capacity to 700,000 TEU, up from 500,000 TEU at present. The plan calls for the construction on reclaimed land of a new 350-metre large container port, comprising a terminal, container yard, rail terminal, customs and administrative buildings. With a draft of 14.5 metres, the new container berths and storage yard will add one million TEU of capacity upon completion in 2022, effectively tripling SAP's current capacity. [Excerpted from Shippingazette]
     
    Japanese lines eye a new shipping horizon and a battle to regain profitability
    source: TheLoadStar
    Significantly greater cost competitiveness is the only way to “defeat” ocean carrier rivals, K Line presidentEizo Murakami said today in his new year message to staff. Read more here

    GROUND AND RAIL UPDATES
     
    Cut the weight, move more freight
    source: TruckNews
    You may not be able to bring your semi-truck to the gym or a Zumba class to help it shed those extra pounds, but there are ways fleets can tip the scales in their favor and get their trucks to lose some weight so they can move more freight. Read more here

    CANADA BUSINESS - GOVERNEMENT UPDATES
     
    Trudeau Reaches Out to U.S. Congress
    source: CIFFA
    Prime Minister Justin Trudeau reached out this week in a video address to the new U.S. Congress to stress how tightly linked the economies of Canada and the United States are, amid fears of a protectionist Trump administration. Read more here
     
    2016 saw bump in freight, drop in passengers at Port of Montreal
    source: CTV
    More than 35 million tonnes of freight came through the Port of Montreal in 2016, an increase of more than 10 per cent over the previous year. Read more here

    INTERNATIONAL BUSINESS - GOVERNEMENT UPDATES
     
    How blockchain will transform our cities
    source: TheLoadStar
    Establishing trust-based interactions and democratising governance is blockchain’s greatest benefit, according to this piece on The Conversation, which claims the technology has the power to transform the internet from a system of information to one of value. Read more here

  • 4 January 2017

    AIR FREIGHT UPDATES
     
    Buy Neutral Air Waybills from CIFFA Before Prices Rise on January 15
    source: CIFFA
    If you buy neutral air waybills (NAWBs) through CIFFA, note that the price will increase on January 15. With the electronic air waybill implementation on the way, balancing our inventory has been a challenge in the last 18 months. The price increase is a necessary measure to make sure CIFFA Members have available supplies on demand. Go to the CIFFA Store to place an order. 
     
    British Airways' Cabin Crew To Strike January 10/11
    source: AirWise
    British Airways cabin crew working under ‘mixed fleet’ employment terms will strike for 48 hours from January 10, the Unite union said. Read more here
     
    Asia Pacific carriers record another cargo improvement in November
    source: AirCargoNews
    Asian carriers continued to benefit from improving air cargo market conditions in November but global trade remains soft. The latest update from the Association of Asia Pacific Airlines shows that airlines in the region registered a 5.3% year-on-year improvement in cargo demand in November “underpinned by broad-based improvements in new export orders”.  Read more here

    OCEAN FREIGHT UPDATES
     
    2016 – the most turbulent year in container shipping's 60-year history
    source: TheLoadStar
    Five mergers and acquisitions and one bankruptcy is the final toll of a truly tumultuous year for liner shipping. They put in the shade other notable events, such as the opening of the enlarged Panama Canal in June, mandatory weighing of all loaded containers (VGM) from 1 July and the record scrapping of some 700,000 teu of redundant container tonnage. Read more here
     
    Dubai's DP World to raise stake in Busan container terminal to 66pc
    source: Shippingazette
    DP World is acquiring an additional 23.94 per cent stake in South Korea's Pusan Newport Company Ltd (PNC) from Samsung Corporation & Subsidiaries, effectively raising the global port operator's holding in PNC to 66 per cent. Drewry Benchmarking Club Contract Rate Index rose after six consecutive quarters of falling rates. The index is based on average transpacific and Asia-Europe contract freight rate data provided confidentially by 50 multinational retailers and manufacturers that closely monitor their contract freight rates. But Drewry also noted that its "e-Sourcing Ocean Freight Solution" and benchmarking tools have enabled exporters and importers to mitigate increasing ocean transportation costs and carrier financial risks. [Excerpted from Shippingazette]
     
    A gasp of delight for ocean carriers as spot rates surge at 2016's last gasp
    source: TheLoadStar
    The last Shanghai Containerized Freight Index (SCFI) of the year gave container lines more optimism for 2017 after a dreadful 12 months of trading. All the SCFI’s main tradelanes registered impressive spot rate gains as the index published on 30 December leapt 15.5%. Read more here

    GROUND AND RAIL UPDATES
     
    CP Advises of Winter Storm Warnings in Effect in Southern Manitoba, Northern Ontario, North Dakota
    source: CIFFA
    CP is experiencing blizzard conditions across parts of its network, with the hardest-hit area being North Dakota and Southern Manitoba. The railway advises that there could be delays of up to 48 hours in those regions.
     
    New China-UK rail link to 'revolutionize' freight movement
    source: CNBC
    China launched its first freight service to the United Kingdom on New Year's day, according to the China Railway Corporation. Read more here

    CANADA BUSINESS - GOVERNEMENT UPDATES
     
    Halifax pots a red with Chinese lobster freighters
    source: AirCargoNews
    A Korean Air freighter loading lobster at Halifax Stanfield earlier in the seafood season
    Canada’s Halifax Stanfield airport has secured five Boeing 747-400 freighter charters by Yangtze River Express in January to meet demand from Chinese consumers for fresh Nova Scotia lobster. Read more here

  • 3 January 2017

    OCEAN FREIGHT UPDATES
     
    China's Top Eight Ports' Volume Up 3.9% in November 2016
    source: CIFFA
    China's top eight ports handled 13 million TEU in November, up 3.9% year on year, bringing year-to-date volumes to 140.6 million TEU, a rise of 2.9%. The positive ports data follow better-than-expected November trade numbers. Exports rose 0.1% in dollar value terms, to US$19.7 billion, following a contraction of 7.3% in October. Imports were up 6.7%, to $15.2 billion, from a decline of 1.4% the previous month. [Excerpted from The Shipping Gazette.]
     
    Port of Antwerp bucks regional trend as it passes 10m teu marker in 2016
    source: TheLoadStar
    In 2016, the port of Antwerp will have handled more than 10m teu for the first time in its history, according to its end-of-year 2016 forecast. Read more here
     
    HMM forms alliance with smaller local lines
    source: TheLoadStar
    In an attempt to grow its footprint and counteract the downturn sweeping across the container-shipping sector, Hyundai Merchant Marine (HMM) has forged an alliance with Korean lines Sinokor Merchant Marine and Heung-A Shipping. Read more here

    GROUND AND RAIL UPDATES
     
     
    Total Cost of Ground Transportation Increased Marginally in October: CGFI
    source: CIFFA
    Results published by the Canadian General Freight Index (CGFI) indicate that the total cost of ground transportation for Canadian shippers increased by 0.4% in October, as compared with September results. Read more here
     
    China to London Freight Train Kicked Off as Xi Boosts Trade
    source: AJOT
    China started a freight train to London as part of President Xi Jinping’s efforts to strengthen trade ties with Europe, according to state-owned China Railway Corp. Read more here

    INTERNATIONAL BUSINESS - GOVERNEMENT UPDATES
     
    EU to unilaterally include shipping in carbon credit trading scheme
    source: Shippingazette
    European Union lawmakers in their three legislative bodies - Council of Europe (member state leaders), European Commission (civil servants) and Parliament (elected members) - are moving to include shipping in their carbon emissions tax scheme rather than wait for the UN to devise global rules, a course the shipping industry prefers. "Its unilateral application to global shipping would create market distortion while generating trade disputes with China and other Asian nations," said the ICS spokesman. [Excerpted from Shippingazette]