Newsletter – October 11, 2019
AIR FREIGHT UPDATES
The Century’s Strongest Super-Typhoon Hagibis Is About To Hit Japan—1,600 Flights Canceledforbes.comThe streets of Tokyo outside my window are currently getting a little quieter, but there is absolutely no sense of panic in Japan’s capital. Typhoons are common-place in Japan, and the infrastructure has been built to withstand regular storms each year. Read more here.
US-China trade war weighs heavily on air cargocanadianshipper.comGeneva , Switzerland — The International Air Transport Association (IATA) released data for global air freight markets showing that demand contracted by 3.9% in August 2019, compared to the same period in 2018. Read more here.
OCEAN FREIGHT UPDATES
Port of Los Angeles Imports Fall in September as Trade War Roils Shippinggcaptain.comLOS ANGELES, Oct 10 (Reuters) – The Port of Los Angeles, the busiest for ocean trade with China, processed fewer containers of imported goods in September as the prolonged U.S.-China trade war whipsaws global supply chains. Read more here.
Government Rules Halifax Expansion Unsuitableportstrategy.comNova Scotia’s federal cabinet minister is supporting the Canadian Government’s decision not to fund a major expansion at the Port of Halifax, claiming traffic and proposed land use could be problematic. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Brexit deal can be done by October 31, Ireland says after ‘positive’ Johnson meetinguk.reuters.comTHORNTON MANOR, England (Reuters) – A Brexit deal could be clinched by the end of October to allow the United Kingdom to leave the European Union in an orderly fashion, Irish Prime Minister Leo Varadkar said after what he called a very positive meeting with Boris Johnson. Read more here.
Oil prices surge higher, then pull back, on news of Iranian tanker explosionsfreightwaves.comOil prices were pulling back from their earlier highs as the U.S. trading day began Friday, lifted overnight by what was said to be a missile attack on an Iranian tanker off the coast of Saudi Arabia. Read more here.