Newsletter – July 31, 2019

  • Newsletter – July 31, 2019


    AIR FREIGHT UPDATES

    Air Canada expects Q3 turbulence due to grounded Max 8 aircraft
    msn.com
    MONTREAL — 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 continues
    bezinga.com
    Lufthansa 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 continues
    theloadstar.com
    Japanese 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 1
    splash247.com
    The 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 Kong
    aircargonews.net
    The 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.

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