Newsletter – April 11, 2018

  • Newsletter – April 11, 2018

    AIR FREIGHT UPDATES

    Air France flights disrupted by second day of strikes
    source: aircargonews.net
    Air France is expecting further delays today due to ongoing strike action by several unions.  The airline said that pilot, cabin and ground crew were going ahead with a second day of strike action following yesterday’s stoppages. Read more here.


    OCEAN FREIGHT UPDATES

    Delivery of Cosco mega containership delayed after collision
    source: splash247.com
    The delivery of China’s Cosco Shipping 20,000 TEU newbuilding Cosco Shiping Leo has been delayed after the vessel collided wiht a general cargo vessel on March 29.  Read more here. 
    Cosco’s takeover of OOCL faces American hurdle
    source: splash247.com
    Investors in Hong Kong’s Orient OVerseas (International) Limited (OOIL), the parent of containerline OOCL, are beginning to get jittery that US regulators could pull the plug on its takeover by China’s Cosco Shipping. Read more here.
    Maersk pays US$260m for 6 used box ships, some previously owned by Hanjin
    source: shippingazette.com
    DENMARK’s Maersk Line has invested US$280 million to acquire six second-hand containerships from German Commerzbank, according to Intermodal Research and Valuations. The vessels were already being chartered by the Danish shipping giant.
    ONE takes delivery of its first newbuild and appoints 5 senior executives
    source: shippingazette.com
    OCEAN Network Express (ONE), which began operations of April 1, has taken delivery of its first newbuilding at the Imabari Shipbuilding’s Hiroshima yard. Read more here.

    CANADA BUSINESS – GOVERNMENT UPDATES
    China wants no ‘progressive’ elements in any free trade deal with Canada: envoy
    source: canadianshipper.com
    Ottawa, ON — China’s ambassador has firmly rejected a key pillar of the Trudeau government’s trade agenda, branding its attempts to entrench labour standards in a free trade pact as a non-starter for his country.

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