Industry News

OCEAN FREIGHT UPDATES As China-US trade spat heats up, transpacific container trades will suffer theloadstar.com A new level of US tariffs on Chinese exports could lead to an 8% drop in eastbound transpacific container volumes this year, according to new research from Alphaliner. Read more here.  INTERNATIONAL BUSINESS GOVERNMENT UPDATES Shippers...

OCEAN FREIGHT Five Ocean Carriers Join Digital Container Shipping Association maritime-executive.com Five ocean carriers have joined the Digital Container Shipping Association (DCSA) as members: CMA CGM, Evergreen Line, Hyundai Merchant Marine, Yang Ming Marine Transport Corporation and ZIM Integrated Shipping Services. Read more here.  Prince...

AIR FREIGHT UPDATES World air cargo reverses downturn with 0.1pc growth seanews.com.tr THE International Air Transport Association (IATA) statistics show that air cargo demand in freight tonne kilometres increased by 0.1 per cent in March, reports London's Air Cargo News. Read more here.  Onex To Acquire WestJet Airlines news.airwise.com Private...

OCEAN FREIGHT UPDATES ILWU vote clears way for B.C. port workers strike biv.com Members of the International Longshore & Warehouse Union Canada (ILWU) have voted overwhelmingly to strike against the member companies of the BC Maritime Employers Association (BCMEA) in the union’s bid to secure a new contract. Read more here.  Pros and cons...

OCEAN FREIGHT UPDATES $150m profit turnaround for Hapag-Lloyd in Q1, 'but Q2 will be tougher' theoadstar.com Hapag-Lloyd recorded a net profit of $109m in the first quarter as the carrier benefited from increased volumes and average freight rate gains on most of its liner trades. Read more here.  Speed reduction proposals favour old inefficient...