Newsletter – February 14, 2019
AIR FREIGHT UPDATES
EU Clears Air France-KLM Purchase Of Virgin Atlantic Stake
The European Commission has approved a share acquisition in Virgin Atlantic that would give Air-France-KLM, Delta and Virgin Group joint control of the airline. Read more here.
OCEAN FREIGHT UPDATES
Fire-stricken APL Vancouver Singapore-bound after general average is declared
The fire-stricken 9,200 teu APL Vancouver is en route to a Singapore lay-by berth for inspection by surveyors, following the decision last week to declare general average (GA). Read more here.
Maersk fixes US East Coast fuel supplies ahead of the sulphur cap
Maersk is getting its low sulphur fuel supplies fixed around the world as the days count down to the introduction of the global sulphur cap. The Danish carrier has signed with PBF Logistics to source process crude oil at CPI Operations, a PBF Logistics terminal facility in New Jersey, United States. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
Feds move forward with Vancouver infrastructure project
Vancouver, BC — The Government of Canada, the Vancouver Fraser Port Authority and CN have signed an agreement to upgrade key infrastructure to increase capacity on a critical segment of trade infrastructure in the Greater Vancouver area. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
US exports to China plunged in January as trade war chill took effect
Trade flows between China and the United States are shrinking quickly as officials scramble for a deal that would end the trade war. Read more here.