Newsletter – August 21, 2018

AIR FREIGHT UPDATES

London’s Gatwick Airport had to use whiteboards on Monday after an IT outage hit its electronic flight information screens

source: news.airwise.com

Apologising for the inconvenience, the airport asked customers to use temporary flight boards in the departure lounges or listen for airline flight announcements. The airport blamed service provider Vodafone for the problem and said it expected the issue to be resolved soon. Read more here.

OCEAN FREIGHT UPDATES

AP Moller-Maersk posts modest Q2 profit of US$26m but with positive outlook

source: seanews.com.tr

DANISH shipping group AP Moller-Maersk, owner of the world’s largest container carrier Maersk Line, says it swung to a profit in the second quarter but cautioned about uncertainty related to global trade amid US sanctions on major economies. Read more here.

INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

US turns to blockchain to authenticate NAFTA and CAFTA certificates of origin

source: seanews.com.tr

US Customs and Border Protection (CBP) plans to start in September ‘live fire testing’ blockchain functionality to verify NAFTA and CAFTA certificates of origin. Read more here.

Logistics players now caught in tit-for-tat trade spat between the US and Turkey

source: theloadstar.co.uk

Shippers will look to alternative markets should relations continue to sour between Turkey and the US over economic sanctions.

It seems the US, and in particular its commander in chief, has no shortage of targets when it comes to using sanctions to get what it wants, leaving logistics companies panicking. Read more here (login required).

How Tariff-Proof Is Your Supply Chain Strategy?

source: industryweek.com

The United States government’s decision to introduce trade tariffs on steel and aluminium imports has kickstarted widespread tariff changes across the major world economies with strong responses from other countries, and further retaliations announced. The President of the European Commission, Jean-Claude Juncker, recently met with President Donald Trump to try and de-escalate this issue. Read more here.