Newsletter – July 12, 2018
OCEAN FREIGHT UPDATES
Market insight: Pick-a-merger time for Hapag Lloyd as suitors line up
Hapag-Lloyd shareholder Michael Klaus Kuehne may have rejected the idea of a merger with CMA CGM – but is it a good idea, nonetheless?
Let’s find out what the numbers – and hard evidence – suggest in the wake of the latest market reports. Read more here (login required).
CMA CGM names Tim Haas chief commercial officer, North America
CMA CGM has appointed Tim Haas as its new chief operations officer in North America, reporting to Ludovic Renou, president of CMA CGM America at it Norfolk, Virginia headquarters. Read more here.
US east coast dockers tentatively settle with waterfront bosses
THE International Longshoremen’s Association (ILA), representing US east coast and Gulf Coast dockers, and the employers’ group the New York Shipping Association (NYSA) say they have reached an agreement on a six-year contract covering local issues in the Port of New York and New Jersey. Read more here.
China cushions domestic blow of Sino-US trade war with state subsidies
CHINA will reimburse the buyer for the cost of the 25 per cent tariff on soybean imports from the US if the cargoes are for state reserves, reports Bloomberg News. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
New labour deal for Halifax port workers
Halifax, NS — The Halifax Port Authority announced that the Council of International Longshoreman’s Association (ILA) Locals and the Halifax Employers Association have successfully ratified a tentative new labour contract. Read more here.