Newsletter – June 20, 2019

OCEAN FREIGHT UPDATES

MSC loses ‘low-risk’ carrier status after US drugs raid

lloydslist.maritimeintelligence.informa.com

Maersk says in a customer advisory that its 2M partner MSC’s CTPAT membership granted by the US customs authorities to low-risk shipping lines is suspended but not revoked. The Danish line adds that its own vessels are not facing problems at the US ports. Read more here (login required).

Is container shipping market less turbulent than headlines imply?

freighwaves.com

Read the headlines on trade wars and tariffs and the clash of wills between the U.S. and China, and you’d think the ocean container-shipping sector is highly volatile – tossed in the center of a storm. Read more here.

Clothing giant H &M first to try on Maersk’s landmark carbon-neutral transport offering

splash247.com

In claiming another first for the industry today, Maersk has unveiled a carbon-neutral product using biofuel that it is now offering to select clients. Read more here.

‘An end to shipping alliances would see freight rates skyrocket’

theloadstar.com

Shipper opposition to deepsea liner shipping alliances may be dangerously misplaced, delegates at the TOC Container Supply Chain event in Rotterdam heard yesterday. Read more here (login required).

CANADA BUSINESS – GOVERNMENT UPDATES

Canadian exporters in a sour mood as outlook drops to 7-year low: EDC

business.financialpost.com

Global trade headwinds are deflating Canadian exporters’ optimism, with their confidence hitting a seven-year low, according to the latest reading of Export Development Canada’s trade index. Read more here.

New container examination facility opens at Roberts Bank

canadianshipper.com

Vancouver, BC — The Canada Border Services Agency (CSBA) officially opened the Tsawwassen Container Examination Facility (TCEF). Read more here.