Newsletter – June 1, 2018
AIR FREIGHT UPDATES
Passenger Demand Growth Eased Off In April
Global passenger demand growth eased off in April, with a slowing of economic growth and less fare discounting due to higher costs seen as the main factors.
OCEAN FREIGHT UPDATES
India’s Shipping Policy and Relaxation in Cabotage Rules
In a major decision last week, India’s Ministry of Shipping (MoS), relaxed the cabotage law issuing a General Order, under which it is now not required for a foreign flag vessel to obtain a licence under Section 407 of the MSA to carry ex-im containers and empty containers on the Indian coast. Read more here.
Maersk leads call for action to combat the threat of more containership fires
As the fire-ravaged Maersk Honam completes discharge at Jebel Ali, nearly three months after the 15,262 teu ship caught fire in the Arabian Sea, taking the lives of five crew members, there are fears of more ULCV blazes. Read more here.
Social Media Performance: The Liners
As some of the biggest shipping companies around, liners oftern take the spotlight in the shipping industry’s public profile. The larger players have led the wayin industry marketing and public relations efforts, both in terms of professionalim and an appreciation of the importance of brand. Read more here.
GROUND AND RAIL FREIGHT UPDATES
CP Rail settles strike as Canada dodges more freight congestion
Operations will resume Thursday at 6 a.m. local time across Canada, the Teamsters Canada Rail Conference said in an emailed statement. The agreement covers about 3,000 conductors and locomotive engineers, the union said. Canadian Pacific confirmed the deal. Read more here.
INTERNATIONAL BUSINESS & GOVERNMENT UPDATES
First-quarter US GDP revised to 2.2%, vs 2.3% growth expected
U.S. economic growth slowed slightly more than initially thought in the first quarter amid downward revisions to inventory investment and consumer spending. Read more here.