Newsletter – July 10, 2018
AIR FREIGHT UPDATES
ANA Cancels Additional 176 Flights, More To Come
All Nippon Airways has cancelled 176 additional domestic flights as it continues inspections of Rolls-Royce engines powering some of its Boeing 787 Dreamliner fleet.
ANA, which operates 64 787s, said no international flights will be cancelled, but was forced to drop more domestic flights between July 9 and 22. Read more here.
Air cargo industry must learn to operate like the global defence sector: “Dragon”
Toronto, ON — Air freight must revolutionize the way it runs itself, modelled more on the USD1.7 trillion global defence sector, if it is to thrive in the modern age, according to OMX Founder and “Dragon” Nicole Verkindt. Read more here.
OCEAN FREIGHT UPDATES
CMA CGM and Hapag-Lloyd merger speculation dismissed
A Reuters report claiming France’s CMA CGM has been in touch with its Hamburg counterpart Hapag-Lloyd over a possible merger has been dismissed as “rumours”. Read more here.
London slips behind Hong Kong in latest shipping hub poll
Asia’s relentless climb up the charts of shipping’s corridors of power has been highlighted once again with the launch today of the fifth annual Xinhua-Baltic International Shipping Centre Development Index Report. Read more here.
COSCO to sell Long Beach container terminal to complete deal for OOIL
Beijing, China — China’s COSCO Shipping said it will sell a container terminal in California, helping allay concerns of U.S. regulators and clearing the way for its $6.3 billion acquisition of Orient Overseas International Ltd. (OOIL) announced last year. Read more here.
The Ocean Alliance revises its Asia-Middle East services
THE Ocean Alliance’s ‘Day Two Product’ will offer in total four loops between Far East and Middle East ports as part of a Middle East service reshuffle.
Starting from the end of July the CIMEX 1 and CIMEX 3 will be merged into one loop covering the majority of its previous port calls, said CMA CGM. Read more here.