Newsletter – February 4, 2019
OCEAN FREIGHT UPDATES
Photos: Fire Break Out on APL Container Ship
The Vietnamese Coast Guard is responding to a cargo fire aboard the container ship APL Vancouver off Vung Ro, Vietnam. It is the latest in a series of container ship cargo fires in recent years, including the well-publicized incidents aboard the Yantian Express, Maersk Honam, Maersk Kensington, Wan Hai 307, MSC Flaminia and MSC Daniela. Read more here.
A pig of a year ahead?
The Lunar New Year starts tomorrow so what does the Year of the Pig hold for shipping ? Splash consults occasional contributor Bei Hong to sift through the opinions of Hong Kong’s Feng Shui masters. Read more here.
Expanded Panama Canal has exceeded expectations
The Panama Canal, which opened a new, larger set of locks on June 26, 2016, says the expansion has already exceeded expectations and is projected to continue to do so through 2020, said Esteban Sáenz, the Panama Canal Authority’s vice president for transit business. He spoke Thursday during the American Association of Port Authorities 12th annual Planning for Shifting Trade Conference in Tampa, Fla. Read more here.
GROUND AND RAIL FREIGHT UPDATES
CN signals intermodal ambitions with takeover bid for port of Halifax terminal
Canadian National Railway (CN) is poised to break last year’s record investment with a larger splurge on its network, equipment and technology this year. Read more here.
CANADA BUSINESS GOVERNMENT UPDATES
CEO: Canada likely to wait on U.S. before USMCA OK
Canada will probably wait to see how the U.S. congressional consideration process for the U.S.-Mexico-Canada (USMCA) materializes before moving the pact ahead in its parliament, Canadian Chamber of Commerce CEO Perrin Beatty said Tuesday. Read more here.
INTERNATIONAL BUSINESS GOVERNMENT UPDATES
China chartering more seafood flights as Year of the Pig trots in
Happy New Year, China; tomorrow marks the first day of the Year of the Pig. According to Seafood Source, the last 365 days have seen an increase in the number of cargo aircraft bringing fresh and live seafood into the people’s republic. Read more here.