Newsletter – March 22, 2019

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    Newsletter – March 22, 2019
    AIR FREIGHT UPDATES
    Safe transport of lithium batteries needs to be tackled: IATA chief

    seanews.com.tr
    THE transport of lithium batteries stands to be the top issue for protecting the safety of air cargo transportation, according to International Air Transport Association’s (IATA) director general Alexandre de Juniac.  Read more here. 

    Air Canada Drops 737 MAX Until July

    news.airwise.com
    Air Canada will remove the Boeing 737 MAX from its flight schedules until at least July 1, due to the unknown timeline of its return to service. Read more here. 

    OCEAN FREIGHT UPDATES
    NYK secures multi-billion yen ‘green loan’ to buy scrubbers for its ships

    theloadstar.com
    Japanese transport group NYK has secured a ¥9bn ($81m) syndicated ‘green’ loan, supported by eight domestic financial institutions for the installation of scrubber systems on its vessels. Read more here. 

    Carriers and ports and shippers lock horns as EC reviews liner block exemption

    theloadstar.com
    The European Commission’s competition directorate has questioned whether the liner consortia block exemption regulation (BER) is the right tool to regulate the liner shipping industry in Europe.  Read more here. 

    HMM sets up scrubber fund

    splash247.com
    South Korean shipping line Hyundai Merchant Marine (HMM) has signed a memorandum of understanding with a group of domestic companies and institutions to establish a fund for scrubber installation in preparation for the upcoming IMO 2020 regulations on sulphur emissions. Read more here. 

    Port of Montreal to boost handling capacity at Viau Terminal

    canadianshipper.com
    Montreal, QC — The Montreal Port Authority (MPA) and Logistec Corporation announced that Viau Terminal, which handles about 350,000 containers annually, will undergo a new construction phase to increase its handling capacity. This is its second phase, which continues and completes the most recent container terminal at the Port of Montreal. Its first phase was completed in 2016. Read more here.

    GROUND AND RAIL FREIGHT UPDATES
    CN invests $345M in B.C.’s rail infrastructure

    canadianshipper.com
    Vancouver, BC — CN announced plans to invest approximately $345 million across British Columbia in 2019 to expand and strengthen the Company’s rail network throughout the province.  Read more here. 

     

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