Newsletter – August 24, 2018

AIR FREIGHT UPDATES

The fate of much-needed new Mexico City airport hangs in the air

theloadstar.co.uk

The fate of the new airport for Mexico City is in the hands of the populace, after president-elect Andrés Manuel López Obrador announced a vote would be held in October to determine whether or not to proceed with the project. Read more here (login required).

OCEAN FREIGHT UPDATES

Full ships could lead to a more stable container shipping market

theloadstar.co.uk

Container spot rates on the major tradelanes were stable this week, but with headhaul vessels running full and cargo being rolled, rates are likely to spike soon.

This week’s Shanghai Containerized Freight Index (SCFI) recorded a 3.3% uplift for rates to North Europe, to $959 per teu, and a 0.7% rise for rates to Mediterranean ports, to $915 per teu. Read more here (login required).

Market Insight: Priced to perfection, Hapag-Lloyd the industry risk gauge

theloadstar.co.uk

Hapag-Lloyd is at the forefront of competition in the container shipping sector, and latest news is proof of that.

By far the best industry performer on the stock markets since 2016; however, what does its current value indicate after a dismal first half for most shipping liners? Read more here (login required).

Cargoes rolled on busy transpacific

splash247.com

The peak season on the transpacific has hit top gear with reports being rolled. The news follows on form reports carried on Splash earlier this week that Maersk has added a couple of extra loaderes to make the most of the uptick with other carriers expected to all more capacity in the coming weeks. Read more here.

MSC gets on board social media

splash247.com

MSC has taken to social media in a big way finally. This week, the world’s second largest containerline has opened accounts on Twitter, Facebook and Instagram. It already had accounts on LinkedIn, YouTube and Vimeo, but the roll out of these new channels markes a new direction for the company, keen to engage with a wider audience as well as showcase its growing digital range of productds, sources within the compnay told Splash. Read more here.

CANADA BUSINESS – GOVERNMENT UPDATES

Prince Rupert reaps benefits from quicker access to N American midwest

source: transportweekly.com

Canada’s port of Prince Rupert saw its first-half container throughput shoot up by 19 per cent thanks to its rapid rail connection to the North American midwest and its comparatively shorter route to East Asian ports that shaves days off total transit times. Read more here.