Newsletter – December 14, 2017
AIR FREIGHT UPDATES
US-bound Flights Delayed At Toronto Airport
A potential security breach at Toronto’s Pearson Airport caused delays for some US-bound flights from the airport’s Terminal 3 on Wednesday. Read more here.
OCEAN FREIGHT UPDATES
Size isn’t everything in box port rankings
Smaller ports can equal or better the liner connectivity of larger ports in terms of the options they provide for shippers, Drewry’s new global container port connectivity index indicates, for example ranking London Gateway the highest among UK container ports for “connectivity”, despite far lower throughput than Felixstowe and Southampton. Read more here.
Yang Ming Strikes New Path with Taiwan’s Port Body
Fresh from an injection of cash from the state Yang Ming Marine Transport has detailed plans to scrap 20 ships and to bring in a fresh wave of new tonnage. Read more here.
Container Consolidation to Continue in 2018 : Moody’s
Consolidation, whether through alliances or M&A will continue apace in the container shipping industry into 2018 as companies try to boost market share, improve efficiency and handle intensifying competition and persistent oversupply, says Moody’s Investors Service in a new report. Read more here.
India’s Port Voluems Predicted to Quadruple by 2025
India’s ports are set to handle four times as much cargo within the next eight years, but volumes will remain very far behind neighbour CHina, according to a report from the Associated Chamberes of Commerce of India. Read more here.
Maersk wants clients to pay more in 2018
THE world’s largest ocean carrier is looking to negotiate higher prices in client contracts for 2018, but “much depends on how the supply glut pans out”.
The third quarter of 2017 saw demand fall behind oversupply in the maritime industry, a Maersk Line official said in an interview with Bloomberg as reported by American Shipper. Read more here.
GROUND AND RAIL FREIGHT UPDATES
Chassis storage outside of NY-NJ port is a cause for concern among truckers
TRUCKERS have raised concerns that cargo drop off and pick up times could take longer as a result of APM Terminal’s decision to cease storing chassis at its terminal at the port of New York and New Jersey, in a bid to free up space for increased cargo volumes since the terminal expects to handle more mega-ships now that the Bayonne Bridge has been raised. Read more here.
CANADIAN BUSINESS – GOVERNMENT UPDATES
Quebec City Poised for Maritime Transformation
THe Quebec POrt Authority (QPA) has announced polans to build a world-class container terminal as part of the proposed Beauport 2020 venture, which is an ambitious deepwater multi-purpose wharf project. Read more here.