Newsletter – August 23, 2018

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    Aug

    Newsletter – August 23, 2018

    AIR FREIGHT UPDATES

    A UK production company is making an eight part TV show about air cargo for channel UKTV
    aircargonews.net
    Production company Back2Back Productions, which made the MegaShippers programme about cargo shipping, said the TV show, provisionally called MegaAir, will “showcase the incredible logistics involved in air cargo”. Read more here.

    OCEAN FREIGHT UPDATES

    Zim follows Q2 loss-making trend, joining box rivals in sea of red ink
    theloadstar.co.uk
    Zim is the latest box line unable to buck the industry trend of red ink in the second quarter, recording a net loss of $33m.
    The Israeli ocean carrier blamed “instability and volatility” in the container market – specifically, lower freight rates and increases in bunker and charter costs.  Read more here (login required).

    INTERNATIONAL BUSINESS – GOVERNMENT  UPDATES

    APL’s new Asia-US Eagle Express service lives up to promised delivery times
    seanews.com.tr
    APL’s newly launched Eagle Express X (EXX) service arrived at the port of Los Angeles on August 15 after an 11-day ocean transit. The ship’s arrival also marked the launch of expeditious last mile delivery of import cargo with same-day cargo availability at the Eagle Marine Services (EMS) terminal. Read more here. 
    Perishables shippers getting buffeted by bad weather and rising costs
    theloadstar.co.uk
    Severe weather conditions taking a heavy toll on many crops are hurting perishables exporters – and their misery is compounded by high freight rates that erode margins.
    In Europe, the climate has taken a heavy toll on agriculture, with double-digit declines in grain output across much of central and Eastern Europe. Read more here (login required)
    US, China raise tariffs in new round of trade dispute
    source: canadianshipper.com
    Beijing, China — The United States and China went ahead with tariff hikes on billions of dollars of each other’s automobiles, factory machinery and other goods Thursday in an escalation of a battle over Beijing’s technology policy that companies worry will chill global economic growth.  Read more here.

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