Newsletter – October 29, 2019
OCEAN FREIGHT UPDATES
Major Vietnamese seaport faces cargo delays due to sunken shipfreightwaves.comA sunken vessel in one of Vietnam’s main waterways may impact ocean freight out of one of the United States’ fastest-growing trade partners. Read more here.
Asia-USWC tradelane will recover, despite trade war ‘shenanigans’theloadstar.comOOCL has advised its customers it will blank two more voyages between Asia and the US west coast in weeks 47 and 49 as it struggles to balance supply with “expected low seasonal demand”. Read more here (login required).
GROUND AND RAIL FREIGHT UPDATES
Teamsters at CN Could Strike as Early as November 19ciffa.comMembers of the Teamsters Canada Rail Conference (TCRC) at Canadian National (CN) could go on strike as early as Tuesday, November 19 at 0001.Approximately 3,000 conductors, trainpersons and yardpersons voted 99.2% in favour of strike action last month. The union will give at least 72 hours’ notice of any strike action.The legally mandated conciliation period ended on Friday, October 25. The union and the company have been in negotiations for six months and have been working with federal mediators for the past four.The next round of talks with the company and federal mediators is set for November 12.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Financial hurdles rising for Chinese online merchants selling abroadtheloadstar.comChinese sellers to overseas consumers will face new obstacles from halfway through next year.Following the green light for postal services in destination countries to raise their charges to China Post (and other countries of origin), the European Union (EU) is to introduce a new VAT regime on 1 January 2021 that will make it more difficult to avoid the tax payments. Read more here (login required)
Nike Takes Arctic Shipping Pledgemaritime-executive.comNike and Ocean Conservancy have launched the Arctic Shipping Corporate Pledge, and the companies are inviting businesses to join them in the commitment not to use Arctic Ocean shipping routes. Read more here. Nike and Ocean Conservancy have launched the Arctic Shipping Corporate Pledge, and the companies are inviting businesses to join them in the commitment not to use Arctic Ocean shipping routes. Read more here.
Wildfires closing roads, destroying homes across Californiafreightwaves.comMore than 15 wildfires are burning right now across the Golden State of California. Some of them have been raging for more than two weeks. The threat of wind-driven fires spreading and destroying more communities continuing this week is a stark reality. Read more here.