Newsletter – June 7, 2018
AIR FREIGHT UPDATES
Air Canada, Air China Sign Codeshare JV
Air Canada and Air China have signed a joint venture agreement to increase commercial cooperation on flights between Canada and China. Read more here.
Brazilian trucker strike resulted in lost cargo volumes for LATAM
LATAM Airlines Groups has outlined the effect the Brazilian truckers’ strike had on cargo operations and also the financial implications for the overall company.
Although the action did not directly involve the carrier, blockades by truckers led to a shortage of aviation fuel at most of the country’s airports, while trucking services ground to a halt. Read more here. (login required)
OCEAN FREIGHT UPDATES
Guangzhou Port to Develop New Logistics Park
Guangzhou Port Group has announced a plan to develop a new logistics park in the Nansha Port are in order to meet the increasing demand for intermodal container services at the port. Read more here.
Panamax daily hire rates hit $16,000 as open tonnage availability dries up
The daily hire rate for panamax containerships has surged by 30% in the past month as brokers report the sector to be “virtually sold out”.
According to the latest Alphaliner data, only one 4,000-5,299 teu ‘classic’ panamax vessel is currently classified as idle, compared with about 100 at the end of 2016. Read more here. The daily hire rate for panamax containerships has surged by 30% in the past month as brokers report the sector to be “virtually sold out”. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
Safeguard Critical Business Info with Cybersecurity: Free Guide Available
In today’s world, nearly every business is online. Company, customer and employee data is more vulnerable, making cybersecurity policies a necessary part of corporate risk management. As digital engagement grows, so does the threat of cyber attacks that could damage a company’s finances and reputation.
The Canadian Trade Commissioner Service (TCS) has published a free informative guide, Spotlight on Cybersecurity, to illuminate the importance of applying preventative measures and strategies to mitigate the risk of potential security breaches.
The guide provides information about:
•Common cyberattacks and tips for protection
•Characteristics of cyber threats and potential hackers
•Sector-specific examples of security challenges
•Key areas of cybersecurity and prevention
•How the TCS can help
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Swissport to study blockchain benefits for cargo
Swissport is to study the benefits of blockchain for its cargo handling business.
The company is launching a blockchain pilot phase with Olam, a non-profit foundation dedicated to developing an open-source platform for supply chain partners. Read more here.