Newsletter – May 7, 2019
AIR FREIGHT UPDATES
Market Insight: 55 years on, the Boeing 737 MAX disaster is a legacy of the McDonnell Douglas culture
The lengthening shadow of Boeing’s woes over the B737 MAX is reaching 737 freighter conversions, my colleague Ian Putzger wrote a few weeks ago, when he also noted that with the “737 MAX fleet grounded worldwide and production at a halt, carriers and leasing companies are reviewing their options, which is casting uncertainty over 737NG conversion programmes”. Read more here.
OCEAN FREIGHT UPDATES
Status of Mediation Between BCMEA and ILWU
On May 6, the British Columbia Maritime Employers Association provided an update on its negotiations with the International Longshore and Warehouse Union – Canada, indicating that, following further discussions between the parties, with the assistance of the Federal Mediation and Conciliation Service (FMCS), additional meeting dates are being scheduled, which will be confirmed shortly by FMCS.
Further updates will be provided over the coming days.
Japan’s NYK takes the pledge, joins Maritime Anti-Corruption Network
JAPANESE shipping giant NYK has become a member of the Maritime Anti-Corruption Network (MACN), a global business network that works toward realising fair trade in the entire shipping industry, the company announced. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
Canada is between a rock and a hard place
Given its geography, trade and economics, Canada has few options other than being a faithful ally of the United States. In the past, this steadfast Washington-centric policy of Ottawa had mostly paid off. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
US threatens further tariff hike on US goods
US retailers are bracing themselves for increases in US tariffs on Chinese goods after president Donald Trump took to Twitter over the weekend to threaten further hikes in rates. Read more here.