Newsletter – August 13, 2019

AIR FREIGHT UPDATES

Hong Kong flights suspended for second day

aircargonews.net

Hong Kong International Airport (HKIA) has again suspended all passenger flights due to ongoing protests just hours after re-starting operations. Read more here.

Air Canada Ups Transat Offer Price

news.airwise.com

Air Canada has increased the purchase price for its acquisition of Canadian travel company Transat to CAD$720 million. Read more here.

Cathay Pacific takes action following China warning over protests

aircargonews.net

Cathay Pacific has suspended a pilot who was arrested amid ongoing protests in Hong Kong. It has also fired two members of ground staff for “misconduct”. Read more here.

OCEAN FREIGHT UPDATES

Port Report: July imports flat at the Los Angeles-Long Beach gateway

freightwaves.com

The biggest U.S. maritime entry for containerized goods saw import volumes stay flat in July, reflecting the uncertainty facing the trans-Pacific container shipping market. Read more here.

Fire erupts in six containers onboard APL Le Havre

splash247.com

Surveys are ongoing to assess the damage to the 10,106 teu APL Le Havre after yet another container fire ripped through the aft of the boxship on Friday evening. Read more here.

Evergreen levies $35,000 per container fine for misdeclared hazardous cargo

splas247.com

News of carrier fines for misdeclaration of cargoes continues to filter in with Taiwan’s Evergreen issuing the highest penalties seen by Splash to date. Read more here.

CANADA BUSINESS – GOVERNMENT UPDATES

FTZ designation aims to boost Montreal’s international cargo flows

theloadstar.com

In the jostle for transatlantic traffic, Montreal has added a foreign-trade zone (FTZ) to its arsenal of incentives to attract business. Read more here.