Newsletter – March 9, 2018
AIR FREIGHT UPDATESUK ban on Bangladesh air freight ends: but nothing changessource: theloadstar.co.ukIt may have been much anticipated, but it turns out that the UK’s recent decision to lift the ban on cargo carried on direct flights out of Bangladesh has amounted to a hill of beans (ie, not much). According to Bangladesh’s Daily Star, the only airline with direct flights between Dhaka and London is Biman Bangladesh – except that it doesn’t have direct flights, because it is currently banned from operating in the EU due to security issues. Read more here (login required)
Boeing expects more 777 Freighter orders as air cargo market surgessource: shippingazette.comBOEING anticipates new orders for 777 Freighters because of a surging air cargo market, reports Seattle’s Puget Sound Business Journal.“You’re going to see more 777 Freighters orders this year as that market continues to improve,” said Boeing vice president Randy Tinseth. Read more here.
OCEAN FREIGHT UPDATESFire continues to rage on Maersk Honamsource: splash247.comFour crew remain missing in the Arabian Sea following Tuesday’s fire on the 15,000 teu Maersk Honam boxship. While search and rescue operation continue, chances of finding the missing four men alive are now deemed unlikely. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATESTrump rolling out big trade tariffs, sparing Mexico, Canadasource: canadianshipper.comWashington, DC — After a week of hints and uncertainty, President Donald Trump said Thursday he would soon announce tariffs on imported steel and aluminum but with temporary exemptions for Canada and Mexico as he seeks to revise the North American Free Trade Agreement. He suggested Australia and “other countries” might also be spared, a shift that could soften the international blow amid threats of retaliation by trading partners. Read more here.