Newsletter – April 30, 2019

  • Newsletter – April 30, 2019

    OCEAN FREIGHT UPDATES
    Canadian ports led by Prince Rupert outperform USWC rivals

    seanews.com.tr
    THE volume of cargo handled via Canada’s west coast ports grew at a faster rate than that achieved by their American counterparts between 2017 and 2018.
    The port of Prince Rupert’s Fairview terminal registered a 12 per cent rise in containers moved in 2018 compared with 2017, making it one of North America’s fastest-growing container ports. Read more here. 


    Concern at lack of clarity on low-sulphur fuel costs

    lloydsloadinglist.com
    Uncertainty about how best to prepare for new IMO regulations mandating the use of low-sulphur fuels by container lines from the start of 2020 is not confined to shippers. Read more here. 


    Leave it to shipowners to hit IMO CO2 reduction targets, says Denmark

    theloadstar.com
    Denmark’s International Maritime Organisation (IMO) delegation has proposed a “goal-based” approach for meeting short-term CO2 reduction targets. Read more here. 


    OOCL to sell Long Beach Container Terminal to investors led by Macquarie

    theloadstar.com
    OOCL has agreed to sell its state-of-the-art Long Beach Container Terminal (LBCT) to a group of institutional investors led by Australia’s Macquarie Infrastructure Partners (MIP) for $1.78bn – less than the reported $2bn it cost to build. Read more here. 


    GROUND AND RAIL FREIGHT UPDATES
    US shippers still suffering intermodal blockages

    lloydsloadinglist.com
    Shippers in the US are continuing to suffer from supply disruption due to trucking shortages, according to digital forwarder iContainers. Read more here. 


    Canadian railroads benefit from strong intermodal market

    theloadstar.com
    Canadian National (CN) has recorded a 7% upturn in revenue for its intermodal division during the three months to March. In total, some C$850m was generated in the first quarter, suggesting a good Canadian intermodal market, with Canadian Pacific also reporting growth. Read more here. 


     

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