Newsletter – September 16, 2021

  • Newsletter – September 16, 2021


    Boeing’s Second 737 MAX 10 Prototype Takes First Flight
    Boeing’s second prototype 737 MAX 10 has completed its first flight. The aircraft yesterday flew from Renton, where it was built, to Boeing Field. Having been used for certification work, the aircraft will eventually go on to be delivered to United Airlines. Read more here.


    Chinese ports reopen as weakening typhoon moves toward Japan
    Terminals at the ports of Shanghai and Ningbo have started to resume operations as the impact of typhoon Chanthu subsides.
    China’s National Meteorological Centre moved the weather system down a rung of the alert level to yellow, the third-most serious, after it turned eastwards before making landfall in China’s Zhejiang province. Read more here.

    Vessels now waiting up to three weeks for Californian berth space, boxship queue surpasses 60
    In what is increasingly becoming the year of the green dot for maritime reporters glued to MarineTraffic maps of Californian and Chinese anchorages, the plight of the Kimolos Trader (pictured) and its crew highlights today’s extraordinary global supply chain pressure better than most ships in operation today.
    The 2,194 teu vessel is one 61 boxships in a record queue lining up along San Pedro Bay waiting for berth space to open up at the ports of Long Beach and Los Angeles. The ship left Busan on August 11 and anchored in Californian waters on August 27 nearly three weeks ago – it still is not at the front of the unprecedented American vessel queue. Read more here.

    US FMC to move forward with two demurrage and detention-related initiatives
    The US Federal Maritime Commission has approved two initiatives proposed by Commissioner Rebecca Dye as part of Fact Finding 29.
    The Commission will issue a policy statement on issues that affect the ability of shippers, truckers and others to obtain reparations for conduct that violates the Shipping Act, including conduct related to demurrage and detention.
    The statement will provide guidance on the scope of the prohibition against carrier retaliation, when attorney fees may be imposed on a non-prevailing party, and who may file a complaint with the Commission alleging unreasonable conduct. Read more here.


    CN Rail Walks Away From K.C. Southern, Ending Takeover War
    Canadian National Railway Co. declined to increase its offer for Kansas City Southern after a monthslong takeover battle, ceding to Canadian Pacific Railway Ltd. a prize that would create the first railroad spanning the U.S., Canada and Mexico.
    Kansas City Southern terminated its $30 billion agreement with Canadian National and agreed to Canadian Pacific’s $27 billion merger proposal, according to a statement Sept. 15. The merger will need approval from shareholders, Mexican regulators and the Surface Transportation Board. Read more here.


    Federal Government Launches Consultations on Remedies Against Low-Priced Imports
    Until September 26th, Canadian manufacturers have a rare opportunity to provide input on changes to Canada’s trade laws that could have a significant impact on their businesses. The Government of Canada has invited Canadians to provide their views on two pieces of legislation that are fundamental to Canada’s trade remedies system: The Special Import Measures Act (SIMA) and the Canadian International Trade Tribunal Act (CITT Act). These Acts regulate anti-dumping, subsidies and safeguards investigations, and set out rules under which Canada may impose duties on imported goods. Read more here.


    Two-thirds of businesses around the world are struggling to hire
    Businesses around the world want to hire but face a similar dilemma: attracting workers.
    A survey of nearly 45,000 employers across 43 countries showed 69% of employers reported difficulty filling roles, a 15-year high, according to employment-services provider ManpowerGroup Inc. At the same time, 15 countries — focused in Europe and North America — reported their highest hiring intentions since the survey began in 1962. Read more here (login required).

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