Newsletter – May 10, 2018
Air France Gets Time To Negotiate As Strike Costs Mount
Air France looks like having a little bit of clear air, with unions deciding not to name further strike days at present, in a dispute the airline said has now cost it EUR€400 million (USD$474.5 million. Read more here.
OCEAN FREIGHT UPDATES
Carriers rush to cater for growing Asia-US east coast trade demand
Despite the uncertain long-term outlook for demand following the outbreak of trade war skirmishes between the US and China, transpacific headhaul volumes so far this year are proving robust – especially for US east coast ports. Read more here (login required).
Hapag-Lloyd Gives Rolf Habben Jansen Five More Years
Hapayg-Lloyd has extended the contract of CEO Rolf Habben Jansen for a further five years until March 1, 2024. Read more here.
Restrictions on DG cargo in Russia
Russia has placed restrictions on the transport of dangerous goods (DG) to the country’s largest container port, the Port of St Petersburg, in the lead-up to and for the duration of the FIFA World Cup tournament this summer. Read more here.
Shortage of ships for charter could force carriers to shelve new services
An acute shortage in the availability of charter tonnage could force carriers to shelve their plans to launch new liner services this summer.
And a big hike in daily hire rates for container ships that do become available, combined with spiralling fuel prices, will force a rethink on the economics of the planned new and enhanced ventures. Read more here (login required).
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
US box imports continue growing ahead of threatened tariffs
Imports at major US retail container ports are expected to grow steadily throughout the summer despite the prospect of heavy tariffs on goods from China, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. Read more here
US withdrawal from Iran deal could have ‘significant’ impact on transport and logistics
The response of the remaining countries to the US decision to withdraw from the Iran nuclear deal will likely determine whether non-US maritime and freight forwarding companies can continue trading with the country. Read more here (login required).