Newsletter – July 31, 2019
AIR FREIGHT UPDATES
Air Canada expects Q3 turbulence due to grounded Max 8 aircraftmsn.comMONTREAL — Air Canada is facing a tougher third quarter due to the grounding of the Boeing 737 Max, with the airline announcing it will scrub the plane from its schedules until Jan. 8 and see capacity drop in one of its busiest travel periods. Read more here.
Lufthansa Cargo posts weak earnings as trade uncertainty continuesbezinga.comLufthansa Cargo posted weak earnings for the first half of 2019, citing lower economic growth and trade conflicts for its lackluster performance. The company posted an 88 percent fall in adjusted earnings before tax and interest (EBIT) year-over-year. Read more here.
OCEAN FREIGHT UPDATES
ONE reports first quarterly profit as its business turnaround continuestheloadstar.comJapanese carrier Ocean Network Express (ONE) has posted its first quarterly profit since the merger of the container businesses of K Line, MOL and NYK on 1 April last year. Read more here.
Indonesia will not introduce global sulphur cap on January 1splash247.comThe global sulphur cap will not come into play in Indonesian waters on January 1 as the International Maritime Organization (IMO) has mandated. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
US–China trade tension hits Hong Kongaircargonews.netThe ongoing dispute between the US and China is having an impact on Hong Kong’s air imports and exports, according to the latest DHL Hong Kong Air Trade Leading Index. Read more here.