Newsletter – October 22, 2018

AIR FREIGHT UPDATES

Air France reaches pay agreement with key unions

aircargonews.net

Air France and the unions representing its ground staff and cabin crew have signed an agreement that includes a general pay increase of 2%, backdated to January 2018, and a general pay increase of 2% from January 2019. Read more here.

OCEAN FREIGHT UPDATES

Calls grow for HMM to merge with SM Line

splash247.com

Two of South Korea’s top containerlines must merge or risk becoming the next ‘Hanjin’, according to the vice chairman of the Korea Shipowners Association (KSA). Read more here.

India’s largest continaer posrt seeks new pastures to expand

splash247.com

India’s largest container posrt is seeking room to expand outside of Mumbai. Jawaharlal Nehru Port Trust (JNPT) is in talks to take over three other ports in Maharashtra, as it targets to more than double its profits. Read more here.

WSC: Low-sulfur fuel rule delay will ‘penalize’ carriers

americanshipper.com

The Trump administration has suggested delaying the Jan. 1, 2020, implementation of a global regulation to drastically lower sulfur content in ship fuel, according to a news report in Friday’s The Wall Street Journal. Read more here.

INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

Trade war makes life hard for China’s machine, electronics exporters

transportweekly.com

The Sino-American trade war is making life hard for Chinese exporters of machinery, electronics and bathroom fixtures, a vast market that makes up half of China’s annual exports to the United States, Caixin reports. Read more here.