Newsletter – March 29, 2018
AIRFREIGHT UPDATESO’Hare $8.5 Billion Expansion Gets Go-aheadsource: news.airwise.comThe USD$8.5 billion upgrade and expansion of Chicago’s O’Hare Airport has been cleared for takeoff after the City Council approved the plan.City approval comes after the airport’s two major airline tenants, American and United, agreed to support the city’s plan after a disagreement over gate assignments was overcome earlier this month. Read more here.
India Puts National Airline Up For Salesource: news.airwise.comThe Indian government has approved the sale of 76 percent of the country’s flag carrier Air India.
An information memorandum issued by India’s Ministry of Civil Aviation said the government had given ‘in-principle’ approval for the sale, which includes Air India Express and the airline’s 50 percent stake in ground handler Air India SATS Airport Services. Read more here.
OCEAN FREIGHT UPDATESOcean Network Expres: Jeremy Nixon ready for April ONEsource: splash247.comNeatly bookending a key chapter in his career, Maritime CEO has the last interview with Jeremy Nixon ahead of Sunday’s official launch of Ocean Network Express (ONE), the merged Japanese container shipping giant. Read more here.
Amazon ‘no threat to container lines’source: lloydsloadinglist.comAmazon is not a threat to global container lines in the sense that it is not likely to launch its own container shipping operations, analysts agree, despite concerns about the e-retail giant from lines including Maersk. Read more here.
Nobu Su’s last ship arrested and set for auctionsource: splash247.comOne of the last vestiges of the shipping empire built by Taiwanese tycoon Nobu Su has been put up for sale. The F Whale, a 320,00 dwt very large oil/ore (VLOO) combination carrier, built by Hyundai Heavy Indsutries (HHI) for Su’s shipping line TMT in 2011 is now set for auction as creditors seek payments. Read more here.
GROUND AND RAIL UPDATESMinister presses federal government for solution to northern B.C. rail car shortagesource: news.gov.bc.caMinister of Jobs, Trade and Technology Bruce Ralston is urging Canada’s transport minister to ensure a reliable supply of rail cars in northern B.C., where the economy is suffering due to a chronic shortage of freight cars. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATESNafta or Not, Quebec Is Putting Millions Into Manufacturingsource: ajot.comThe future of Canada’s trade relationship with the U.S. is in limbo but that didn’t stop Robert Belanger from investing C$3.6 million ($2.8 million) to upgrade his Quebec fabrics plant. Read more here.