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Newsletter – November 27, 2019
OCEAN FREIGHT UPDATES
Supply chain radar: CMA CGM – panic, what panic?
theloadstar.comThe CMA CGM headlines were sobering following the release of third-quarter (Q3) numbers earlier this week.Its interims were mixed, with sweets spots in terms of adjusted cash flow productivity and other metrics, but here is my personal headline story for what essentially was a Q3 transition to a safer financial harbour. Read more here.(login required).
HMM continues to stand out as box shipping’s biggest loser
splash247.comThe main container carriers’ average operating margin improved to 3.6% in the third quarter of 2019, largely due to lower bunker costs, Alphaliner reports in its latest weekly report. However, there is one carrier that stands apart, still mired in red ink. Read more here.
Halifax’s Halterm container terminal rebrands as PSA Halifax
canadianshipper.comHalifax, NS – PSA International’s Halifax-based operations proudly announce its new name and logo, “PSA Halifax”.Acquired by PSA International (PSA) in July 2019, PSA Halifax is PSA’s first coastal terminal in Canada and currently the only container terminal in Eastern Canada that can serve mega container vessels. Read more here.
GROUND AND RAIL FREIGHT UPDATES
French hauliers plan roadblocks over fuel tax discount
lloydsloadinglist.comFrench hauliers are planning to block points on the border between France and Belgium tomorrow, 28 November, in protest against a government move to reduce tax breaks on diesel fuel granted to the sector. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Analyst: The US-China trade war is ‘sucking the life’ out of trans-Pacific trade
freightwaves.comThe U.S.-China trade war is prompting manufacturers to leave China for lower-tariff climes, not least in southeast Asia. However, in its latest container shipping analysis, Drewry argues that there are limits to how much production can be relocated, and that moving factories is neither easy nor swift. Read more here.
US set to be energy independent within months
splash247.comThe US is only months away from full energy independence, a new study from Oslo-based Rystad Energy states. By 2030, total primary energy production will outpace primary energy demand by about 30%, according to Rystad’s latest forecast. Read more here.