Newsletter – July 17, 2018
AIR FREIGHT UPDATES
Air France, KLM Merge JVs With China Southern, Xiamen
Air France, KLM, China Southern and Xiamen Airlines announced that they will merge their two existing agreements to create a single joint venture. Read more here.
Qatar Air Orders Five Flight Simulators From CAE
Qatar Airways ordered five full-flight simulators and two flight training devices from Canada’s CAE Group in a signing ceremony at the Farnborough Airshow. Read more here.
New US demands now advance air cargo screening mandatory
HENCEFORTH under Advance Air Cargo Screening (ACAS) carriers must submit required pre-arrival air cargo data to US Customs before loading, reports Global Trade Magazine of Newport Beach, near Los Angeles.
Advance screening had its genesis in October 2010, when an attempt by al-Qaeda to ship explosives in air cargo was disrupted. Read more here.
OCEAN FREIGHT UPDATES
Five-vessel pile up along the Suez
An engine failure on the 5,086 TEU Aeneas on Sunday sparked a dramatic five-vessel pile up on the Suez Canal, with three ships sufferingn serious prangs. Read more here.
Yang Ming enters into charter agreements for 10 newbuilds
TAIWAN’s Yang Ming Marine Transport Corp says it has secured charter agreements with Shoei Kisen Kaisha for five 11,000-TEUers and another five 12,000-TEUers from Costamare.
The vessels are to be delivered from the second quarter 2020 through to the third quarter the following year, reports Bunkerspot of Adderbury, Oxfordshire. Read more here.
Port of Long Beach sees busiest month ever
ONE Competence arrives at the Port of Long Beach on July 3, 2018.Container cargo volumes reached record heights at the Port of Long Beach last month, surging past the previous mark and distinguishing June 2018 as the Port’s best month ever. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
U.S. hits back with WTO challenge against Canada’s retaliatory tariffs
Ottawa, ON — The United States fired back Monday at the Canadian government’s retaliatory tariffs on American imports by launching a formal challenge with the World Trade Organization. Read more here.