Newsletter – April 4, 2018AIR FREIGHT UPDATESEurocontrol Systems Failure Causes European Flight Delayssource: news.airwise.comA computer outage at European air traffic manager Eurocontrol reduced capacity and caused disruptions and delays to about half of the region’s flights on Tuesday. Read more here.
OCEAN FREIGHT UPDATESCosco anticipates June conclusion for OOCL takeoversource: splash247.comCosco anticipates sealing the $6.3bn takeover of Hong Kong’s Orient Oversease Container Line (OOCL) by the end of June. Read more here.
ILA, USMX make ‘significant progress’ on contract extensionsource: shippingazette.comTHE International Longshoremen’s Association (ILA), the labor union that represents dockworkers at seaports up and down the US East and Gulf Coasts, and the United States Maritime Alliance (USMX), the group that represents the ILA’s employers, have made “significant progress” on terms for a six-year extension of their current master contract, the associations said in a joint statement. Read more here.
GROUND AND RAIL FREIGHT UPDATESStrikes set to hit French rail freight for several monthssource: lloydsloadinglist.comIntermittent strikes at French state railway SNCF over the next few months are expected to hit France’s domestic and international rail freight sector hard and significantly impact the logistics operations of key customers, industry sources warn. Read more here.
Evergreen opens new office in Cambodiasource: ajot.comEvergreen Shipping Services (Cambodia) Company Limited was established this month in response to both customer demand for increased service in the country and the potential for trade growth boosted by an average rise in GDP of 7% during the past several years. Read more here.
INTERNATIONAL BUSINESSS – GOVERNMENT UPDATESUS vs. China: a ‘slap fight,’ not a trade war. So farsource: canadianshipper.comWashington, DC — First, the United States imposed a tax on Chinese steel and aluminum. Then, China counterpunched Monday with tariffs on a host of U.S. products, including apples, pork and ginseng. Read more here.