Newsletter – March 23, 2018
AIR FREIGHT UPDATESANA Low Cost Carriers Peach And Vanilla To Mergesource: news.airwise.comJapanese airline ANA has announced plans to merge its two low-cost carriers, Peach Aviation and Vanilla Air, as it seeks to become the leading low cost carrier in the Asian region. Read more here.
OCEAN FREIGHT UPDATESCustomers warned arrival of Maersk Honam containers could be delayed for monthssource: theloadstar.co.ukMaersk Line has confirmed the “most likely” port of refuge for the fire-damaged Maersk Honam as Jebel Ali, Dubai – but it may be weeks before the ship can berth.Which means it could be months before the surviving containers reach their original destination. Read more here (login required).
Restructured ZIM sails back into the black, but final quarter disappointedsource: theloadstar.co.ukIsraeli niche trades container line Zim recorded an adjusted net profit of $50m for 2017, following a loss of $150m in 2016 – but the carrier slipped back into the red in the final quarter.Zim’s total revenue last year was up 17% on 2016 to $2.98bn, as it loaded 8% more containers on its ships to reach 2.6m teu. Read more here (login required).
ONE (Ocean Network Express) taps Union Pacific for intermodalsource: ajot.com
Ocean Network Express Pte. LTD (ONE) and Ocean Network Express North America selected Union Pacific to handle all intermodal shipments arriving on its container ships at U.S. West Coast ports beginning April 1, 2018. With a global fleet of more than 250 vessels, ONE was established by a merger of Japan’s three largest ocean carriers – MOL, NYK and K Line. Read more here.
GROUND AND RAIL FREIGHT UPDATESInterim CN chief stays bullish and invests in equipment and staff, but is it enough?source: theloadstar.co.ukIs Canadian National (CN) rolling out of its winter of discontent?Jean-Jacques Ruest, who has taken over the controls at the Canadian rail giant until a new president and CEO is appointed, claims the company has turned a corner and will improve further in the coming months, thanks to fresh investment in equipment, staff and infrastructure. Read more here (login required).
Supply chains hit by US intermodal bottleneckssource: lloydloadinglist.com
Supply chains to and from North America are being disrupted by various intermodal challenges and bottlenecks, with some shippers seeking emergency logistics alternatives due to cargo delays at North American ports. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATESShoe firms urge Trump against tariffs on Chinasource: americanshipper.comEighty-two footwear companies wrote a letter Monday to President Donald Trump expressing “strong concerns” over potential tariff increases on footwear as part of any remedy imposed pursuant to his administration’s ongoing “Section 301” investigation into whether China is unfairly directing foreign investors to transfer technology and/or intellectual property to Beijing. Read more here.