Newsletter – January 17, 2018
AIR FREIGHT UPDATES
Miami takes aim at e-commerce cargo traffic
Miami-Dade Aviation Department (MDAD) has organised a strategy meeting of more than 30 air cargo industry stakeholders to discuss how the region can capitlaise on e-commerce growth. Read more here.
OCEAN FREIGHT UPDATES
Leading lines tightened grip on box market in 2017
The world’s top 15 container lines consolidated their global market share during 2017, according to Alphaliner.
The analyst reported that total vessel capacity operated by the top 15 container carriers grew by 12.6% in 2017, while their combined share of the global container ship capacity increased from 78.6% to 85.1%. Read more here.
Deal with Maersk and MSC Cost HMM a Quarter of its Liner Capacity
Hyundai Merchant Marine’s (HMM) deal to work with the two liner giants of the 2M vessel sharing agreement (VSA) has come at a high price as evidenced from data carried in the latest weekly report from analysts at Alphaliner. Read more here.
Carriers look to postpone mega-ship deliveries to prevent rate weakness
COSCO Shipping, the carrier with the industry’s largest number of vessels on order, will postpone delivery of 10 mega-ships until 2019, but with so many mega-ships scheduled to arrive this year it will barely make a dent in the capacity scheduled to enter the global fleet, according Alphaliner. Read more here.
CANADIAN BUSINESS – GOVERNMENT UPDATES
Growing rail transport expected to bolster oil prices for Canadian producers
Calgary, AB —Steep discounts in prices for western Canadian heavy oil are moderating and should gradually ease through 2018 to allow Canadian producers to reap bigger rewards from strengthening world oil prices, according to GMP FirstEnergy. Read more here.