Newsletter – November 6, 2018

AIR FREIGHT UPDATES

Air cargo players upbeat on air cargo market outlook says TIACA chief

lloydsloadinglist.com
Air cargo players are very positive on the industry outlook for the next few years but continue to drag their feet in embracing new technologies. Read more here. 

OCEAN FREIGHT UPDATES

DP World takes China Merchants to court

splash247.com
DP World, the gloabal terminal operator from the United Arab Emirates, has taken legal action against state-backed China Merchants for building an international free zone on Doraleh Container Terminal, afacility being disputed with Djibouti.  Read more here. 

Top Ocean Carriers and Terminal Operators Initiate Blockchain Consortium

ajot.com
SHANGHAI, CHINA and SAN JOSE, CA — Nine leading ocean carriers and terminal operators today signed a formal statement of intent for a Memorandum of Understanding (MOU) to form a consortium to develop the Global Shipping Business Network (GSBN), an open digital platform based on distributed ledger technology. Read more here. 

CANADA

Government putting Ridley Terminals Inc. in Prince Rupert, B.C., up for sale

canadianshipper.com
Toronto, ON — The Canadian government is looking to sell a 90 per cent stake in Ridley Terminals Inc., a federal Crown corporation.
The remaining 10 per cent stake will be transferred to the Lax Kw’alaams Band and the Metlakatla First Nation at the close of the sale. Read more here. 

INTERNATIONAL

China export growth predicted to slacken

lloydsloadinglist.com
China’s export growth could slow significantly in spring 2019 as the front-loading of cargoes  in the latter months of 2018, ahead of new tariffs, is replaced by lower orders from the US. Read more here.