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Newsletter – November 26, 2019
BREAKING NEWS – CN STRIKE – TEAMSTERS REACH AN AGREEMENT
We are pleased to announce that a tentative agreement has been reached between CN and the Teamsters Canadian Rail Conference (TCRC-CTY).
The agreement must still be ratified by union members, however this will allow for CN employees to return to work at 2pm local times today.
There will be no job action during the ratification period, which is expected within 8 weeks.
As soon as more information becomes available, we will be providing updates. Read more here.
OCEAN FREIGHT UPDATES
Compliance with IMO 2020 – shipowners’ worst fears materialising
theloadstar.comThe run-up to IMO 2020 is proving far from smooth sailing for shipowners, whether they opt for compliance through using low-sulphur fuel (LSFO) on their vessels or by investing in scrubber technology. Read more here. Login required.
Shippers demand end to secret agreements between container lines
lloydloadinglist.comRepresentatives of shippers in the Netherlands have called for an end to secret agreements between container lines, saying it was “undesirable that there can be an exception to European competition rules while the underlying agreements between container shipping companies are not public. Read more here.
MSC names Maersk’s Søren Toft head of container businesses
lloydsloadinglist.comMediterranean Shipping Co has announced the appointment of Søren Toft as the new chief executive of its container businesses.“MSC is delighted that Mr Toft will be supporting the Aponte family at the helm to ensure that the company remains a global leader in the years to come,” it said in a statement. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Legal ruling over forwarder T&Cs in emails may become a global precedent
theloadstar.comA court in Australia has ruled that a freight forwarder’s terms and conditions (T&Cs) can be incorporated through an email ‘footer’, despite the absence of a signed contract. Read more here. (login required).