Newsletter – January 18, 2018
AIR FREIGHT UPDATES
Container lines risk CNY overcapacity
Despite the heavy spot freight rate losses incurred ahead of the 2017 festive holidays as lines continued to operate at close to full schedules, a similar strategy is now emerging ahead of Chinese New Year. Read more here.
Snow, Ice Cause Southeast US Flight Cancellations
Airports across the southeast United States are recovering from a storm which dumped snow and caused icing that led airlines to cancel more flights on Wednesday. Read more here.
OCEAN FREIGHT UPDATES
GCT Deltaport: Operations Resumed
source: Global Terminals Canada
Please be advised that regular operations have resumed at GCT Deltaport. Once safety checks are completed, the truck gates will reopen.
Video Captures Moment MOL Ethane Carrier Comes Close to Major Disaster
Mitsui OSK Line (MOL) is in trouble in Egypt where 11 month old fully laden ethane carrier Ethane Opal, grounded and collided into a ferry berth off Port Said. Read more here.
GROUND AND RAIL FREIGHT UPDATES
Adding Track Infrastructure Capacity to Run More Trains
source: CN Rail
In 2018, we have four major mainline capacity addition projects, between West Coast and the Mid-West and Central Canada. Read more here.
CANADIAN BUSINESS – GOVERNMENT UPDATES
Greek shipping company to be prosecuted in Canada for massive fuel spill
GREEK Shipping company, Alassia NewShips Management Inc, accused of operating a ship that leaked thousands of litres of fuel into Vancouver’s English Bay is to be prosecuted by British Columbia’s provincial court on 10 pollution-related offences regardless of whether it participates in the legal proceedings. Read more here.