Newsletter – December 28, 2018

  • Newsletter – December 28, 2018

    AIR FREIGHT UPDATES
    Collaboration within air freight finally making progress

    lloydsloadinglist.com
    Collaboration within the various parties in the air logistics chain appears to be finally making progress, according to several senior figures within air freight operations. Read more here. 


    Air freight rates hit four-year high in November, says Drewry

    lloydsloadinglist.com
    Air freight rates on major East-West routes hit a four-year high in November, according to the results of Drewry’s latest East-West Air Freight Rate Index. Read more here. 


    Vinci Acquires Control Of Gatwick Airport

    news.airwise.com
    French airport operator Vinci has agreed to buy a controlling stake in London’s Gatwick Airport, the UK’s second biggest airport.  Read more here. 


    OCEAN FREIGHT UPDATES
    Lines in strong position ahead of transpacific contract negotiations

    lloydsloadinglist.com
    Liner efforts to retain the same buoyancy in transpacific eastbound spot freight rates in the early months of 2019, ahead of second quarter annual contract negotiations with shippers, should succeed given improved market fundamentals now compared to a year ago, according to analysts.  Read more here. 


    CMA CGM containership and cargo ship collide near Hong Kong

    splash247.com
    French containership operator CMA CGM’s 9,415 teu post panamax boxship CMA CGM Norma collided with Chinese general cargo ship Yusheng366 near Hong Kong waters on Monday. Read more here. 


    INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
    Beijing eases trade war impact with new round of tariff cuts for 2019

    seanews.com.tr
    CHINA’s finance ministry said that it will cut tariffs on more than 700 imported goods starting January 1, cutting costs for Chinese consumers and fulfilling pledges to open up its economy, Bloomberg reports. Read more here. 


    CANADA BUSINESS – GOVERNMENT UPDATES
    No grain in the rain as Vancouver export ships unable to load

    ajot.com
    As Canadian grain companies spend millions to upgrade and build new export terminals in Vancouver, a new problem is threatening to cause transportation bottlenecks at the nation’s largest port: vessels can’t load grain in the rain. And it rains a lot in Vancouver.  Read more here. 

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