Newsletter – January 30, 2018
AIR FREIGHT UPDATES
Asia Pacific carriers saw 9.8% cargo growth in 2017
Asia Pacific airlines’ international air cargo market enjoyed “robust growth” of 9.8% in 2017, underpinned by an “acceleration in economic activity” across most regions. Read more here.
OCEAN FREIGHT UPDATES
Japan’s ONE unveils full global network
The Ocean Network Express, or ONE — the new Japanese carrier comprising NYK, MOL and K Line — has revealed the remainder of its global service offering as it gears up for its April launch. Read more here.
China’s Crackdown on Waste Impots Could Wipe out UP to 5M TEU of Backhaul Business
China’s crackdown on waste imports,m which come into law form March 1, coujld hit continaerlines for as much as 5m TEU of business, a new report from Drewry Maritime Advisors warns. Read more here.
Winter storms, lack of equipment cause rail delays at East Coast ports
The Port of New York and New Jersey is experiencing crippling delays at its ExpressRail terminals as winter storms in the Midwest prevented necessary rail equipment from reaching East Coast ports on time. Read more here (login required)
DP World partners with infrastructure fund to invest $3bn in India
Dubai’s DP World and India’s National Investment and Infrastructure Fund (NIIF) have set up a US$3 billion fund that will invest in India, as the world’s fourth biggest port operator looks to ramp up its investments in Asia’s third largest economy. Read more here.