Newsletter – July 22, 2019
OCEAN FREIGHT UPDATES
New India-Europe Express service a game-changer, says Hapag-Lloydtheloadstar.comA new container service to link ports in eastern India with the Mediterranean and north Europe is set to launch in October by THE Alliance members and Cosco and its subsidiary, OOCL. Read more here (login required).
APM Terminals and ILWU agree on automaton training at LA portcanadianshipper.comLos Angeles, CA — A training program has been agreed between APM Terminals and the International Longshore and Warehouse Union (ILWU) Local 13 for the former’s Pier 400 automation project at the Port of Los Angeles. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
Montreal region designated Foreign Trade Zone Pointcanadianshipper.comMontreal, QC — CargoM, together with its partners announced the Foreign Trade Zone Designation for the territory of the metropolitan community of Montreal. This Foreign Trade Zone Point designation is the thirteenth granted by the Economic Development Agency of Canada. Read more here.
Canada grows EU trade in shadow of Trump’s protectionismfreightwaves.comCanadian Prime Minister Justin Trudeau likely could not have had a better place to show European Union officials the benefits of a free trade agreement than the Port of Montreal. Read more here.
INTERNATIONAL BUSINESS GOVERNMENT UPDATES
Declared undervalue on commercial vehicles triggers huge cash demands from Customs authoritiesfreightwaves.comDeclaring an incorrect undervalue of imported commercial marine craft to the Australian Border Force has cost importers nearly A$2 million (US$1.41 million). Although these particular events took place in Australia, experts advise that importers can run into problems with customs authorities all around the world. And, they say, customs authorities are only going to become more effective and more aggressive in chasing duty. Read more here.
Iran arrests tanker while US shoots down drone over Hormuzsplash247.comThe tense situation in and around the Strait of Hormuz remains a huge concern for world shipping with Iranian media yesterday showing footage of a small Panamanian-flagged tanker it detained on Sunday, while in Washington President Donald Trump said yesterday a US naval ship had shot down a threatening Iranian drone hovering over the key oil waterway. Read more here.