Newsletter – November 22, 2018
OCEAN FREIGHT UPDATES
There must be a ‘win-win’ element in container line service contracts
Container carriers and customers need to work together to develop annual contracts that ensure shippers are provided with adequate service levels and lines are protected from cost spikes. Read more here.
Liner rivals gain ground as Maersk retreats
The world’s largest contianer shipping company looks content to let rivals increase their maraket share while it holds back from adding capacity in the next year. Read more here.
Hapag-Lloyd outlines selective growth in Strategy 2023
Hapag-Lloyd has released details of its Strategy 2023, which it says promises to deliver value and drive home company differentiators.
Following a period of consolidation, the liner shipping industry has changed significantly, according to Hapag-Lloyd, which said it is more than two times larger than it was in 2014 in terms of transport capacity. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
Liberals give notice for law to end Canada Post strike as sides dispute backlog
Ottawa, ON — The federal government has given notice that they’re prepared to legislate Canada Post employees back to work as the postal service and union spar over the scale of the backlog the rotating strikes have created. Read more here.
October was second busiest month on St. Lawrence Seaway
Ottawa, ON — St. Lawrence Seaway shipping had its second busiest month of the season in October, fueled by increases in shipments of grain, salt and construction materials. Read more here.