Newsletter – June 14, 2019
AIR FREIGHT UPDATES
Is e-commerce worth the investment for air cargo?aircargonews.netAmazon is upping the ante in the race to the consumer’s door with the announcement that it is slashing delivery times for its Prime customers from a standard two-day window to next day. Read more here.
OCEAN FREIGHT UPDATES
ILWU-Canada Ratification Process: Stop Work Meeting Confirmed for June 19ciffa.comThe British Columbia Maritime Employers Association (BCMEA) issued an update yesterday to confirm that all International Longshore and Warehouse Union – Canada Locals (500, 502, 505, 508 and 519) have scheduled a stop work meeting for the day shift on Wednesday, June 19, as part of the ratification process for the new tentative collective agreement.The June 19 day shift meeting will not interfere with employees carrying out necessary duties, such as those performed by maintenance employees (for emergencies), lines employees or employees servicing regularly scheduled coastwise vessels.
Port Report: China’s massive growth in ocean box shipping and over-the-road truckingfreightwaves.comThe scale and growth of China’s domestic over-the-road trucking and international ocean container shipping trade has been revealed in new data from the country’s Ministry of Transport. Read more here.
YM Efficiency shipping container salvage operation ‘disgraceful’, AMSA saysabc.net.auAuthorities and commercial fishers say they are fed up with a Taiwanese shipping company’s slow response to salvaging containers lost at sea last year, amid fears the delay could cause further pollution to the ocean. Read more here.
CANADA BUSINESS – GOVERNMENT UPDATES
Canadian government to impose carbon tax on defiant Albertafreightwaves.comThe Canadian government plans to impose a carbon tax on Alberta as of January 1, 2020, in response to the province scrapping its own system for pricing greenhouse gas emissions. Read more here.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Oil price spike threat after two more tankers are attacked in the Middle Easttheloadstar.comAfter two tankers were reportedly hit by torpedo attacks in the Gulf of Oman early this morning, the UK Maritime Trade Operations (UKMTO) Royal Navy agency has issued a warning to shipping, urging “extreme caution” in the area. Read more here.
Incoterms 2020 – What to Expectciffa.comThe International Chamber of Commerce is expected to release Incoterms 2020 in the last quarter of 2019 and they will take effect on January 1, 2020.Read about anticipated changes in an article from Braumiller Law Group on Lexology.