Newsletter – May 28, 2018
OCEAN FREIGHT UPDATES
Liners urged to rethink emergency bunker surcharges
Maersk Line and MSC, the world’s two largest containerlines, have introduced emergency bunker surcharges, with other lines expected to follow suit in the coming days. Read more here.
DP World upgrades terminal operating system at Jeddah port
DP World’s South Container Terminal” South Container Terminal (SCT) at Jeddah Islamic port has upgraded its Navis terminal operating system (TOS) from SPARCS to N4 3.5 to meet customer service demands and an increase in operational support as cargo volumes expand. Read more here.
HMM, Evergreen withdraw transatlantic services
Two container carriers, Hyundai Merchant Marine (HMM) and Evergreen, have announced that they are ending services in the transatlantic. Read more here.
GROUND AND RAIL FREIGHT UPDATES
Unions representing CP Rail workers issue notice of strike action
Laval, QC, – The unions representing train operators and signalling workers at Canadian Pacific Railway Ltd. have served the company with notice of a strike action. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
US scrap industry struggles in wake of China ban
THE US waste industry has been up in arms since China cracked down on imports of several categories of scrap goods, disrupting recycling markets across the US as exporters scramble to secure new markets for their products.
The situation was further aggravated on May 4 when China decertified the primary group able to pre-certify scrap imports for a month, leading to a de facto halt in exports.
Officials watch Hyperloop in action before upgrades
OFFICIALS from the Mid-Ohio Regional Planning Commission, the City of Columbus, Union County, the business community and even Indiana will head to Nevada to watch the Virgin Hyperloop One at a test track outside Las Vegas. The prototype will speed around the mile-long track at hundreds of miles an hour. Read more here.
United States takes action against Canadian trade measures that discriminate against U.S. wine
Washington, D.C. – U.S. Secretary of Agriculture Sonny Perdue and Trade Representative Robert E. Lighthizer announced today that the Trump Administration has requested that the World Trade Organization (WTO) establish a dispute settlement panel to examine unfair regulations governing the sale of wine in grocery stores in the Canadian province of British Columbia (BC). Read more here.