Newsletter – October 29, 2018

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    Oct

    Newsletter – October 29, 2018
    OCEAN FREIGHT UPDATES
    HMM to impose fuel surcharge, issues $883m long-term bonds

    lloydloadinglist.com
    Seoul-listed Hyundai Merchant Marine has issued Won1trn ($883m) of long-term bonds as the South Korean carrier is actively expanding its fleet, according to exchange filings.  Read more here.

    Speed limits for box ships the best way to hit emissions target, IMO told

    theloadstar.co.uk
    Mandatory speed limits could be shipping lines’ best hope of achieving the IMO’s 2030 emissions reduction targets.
    Shipping officer for lobby group Transport & Environment Faig Abbasov told The Loadstar slow-steaming could “single-handedly” achieve the target.  Read more here.

    Port Qasim workers continue portest over unpaid salaries

    splash247.com
    More than 1,500 dock workers of Port Qasim in Pakistan have been protesting over unpaid salaries against Port Qasim Authority and a Chinese cargo handling company outside the Karachi Press CLub for over a month now. Read more here.

    GROUND AND RAIL FREIGHT UPDATES
    North American rail freight stays on track, despite heavy increases in diesel

    theloadstar.co.uk
    The main North American rail freight carriers are reporting record revenue growth and strong profits, even with diesel prices surging.
    In the nine months to September, Union Pacific (UP) revenue grew 8% to $15.9bn, with its premium intermodal business volumes growing 6% year on year to three million carloads. Read more here.

    CANADA BUSINESS – GOVERNMENT UPDATES
    CBSA and Montreal port dip toe into blockchain to tug shipping into digital age

    canadianshipper.com
    Montreal, QC — The Canada Border Services Agency and the Port of Montreal have signed on for a trial run of a technology that aims to streamline freight shipping using the power of blockchain. Read more here.

    INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
    US seeks to impose new restrictions on the export of electronic waste

    seanews.com.tr
    THE US Commerce Department’s Bureau of Industry and Security (BIS) has recommended regulations to boost the government’s oversight of discarded electronic waste exports.  Read more here.

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