Newsletter – September 13, 2018
OCEAN FREIGHT UPDATESBox shipping alliances ‘restricting competition and inflating pricing’lloydsloadinglist.comContainer shipping under the current alliance system is restricting competition, falsely inflating pricing and failing to improve service standards for customers, according to Sean van Dort, the outspoken new chairman of the Global Shippers’ Forum (GSF). Read more here.
Capacity cuts and trade war combine to increase container tonnage laying idlesource: theloadstar.co.ukA perfect storm of radical capacity cuts by carriers and US president Donald Trump’s threat to hike tariffs on Chinese goods could see many more containerships laid-up, according to Alphaliner. Read more here (login required).
Analysis: CMA CGM is ‘looking for opportunities’ – Zim or Evergreen?theloadstar.co.ukOn a straight comparable basis, the second-quarter results from CMA CGM were abysmal; confirming that 2017 was a peak year in terms of free cash flow and profitability for the French carrier. Read more here (login required).
Canada EU trade deal boosts container traffic at Montreal port: Officialscanadianshipper.comMontreal, QC — The free trade deal between Canada and the European Union has boosted container shipping and prompted a hiring spree at the docks, Montreal port officials say. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATESHow much does a typhoon cost?scmp.comContainer ships are being diverted and some Hongkongers are skipping dropping off their laundry. But tree removal businesses are gearing up to make money from Mangkhut. Read more here.