Newsletter – March 29, 2018

  • Newsletter – March 29, 2018


    AIRFREIGHT UPDATES
    O’Hare $8.5 Billion Expansion Gets Go-ahead
    source: news.airwise.com
    The 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 Sale
    source: news.airwise.com
    The 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 UPDATES

    Ocean Network Expres: Jeremy Nixon ready for April ONE
    source: splash247.com
    Neatly 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.com
    Amazon 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 auction
    source: splash247.com
    One 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 UPDATES

    Minister presses federal government for solution to northern B.C. rail car shortage
    source: news.gov.bc.ca
    Minister 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 UPDATES

    Nafta or Not, Quebec Is Putting Millions Into Manufacturing
    source: ajot.com
    The 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.

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