Newsletter – November 5, 2019

  • 05

    Nov

    Newsletter – November 5, 2019
    AIR FREIGHT UPDATES
    Hong Kong Airlines Drops LA as It Trims Operations
    news.airwise.com
    Hong Kong Airlines will reduce its flight schedule and suspend service to Los Angeles, blaming a challenging business environment. Read more here.
    Bankrupt WOW Air To Relaunch As PLAY
    simpleflying.com
    WOW air is rising from the ashes once again, but this time with a firm plan in place for its relaunch. At a press conference held this morning in Iceland, broadcast by Visir.is, details of a potential replacement have been revealed. Read more here.
    OCEAN  FREIGHT UPDATES
    On the wires: CMA CGM IPO – is the ‘right time’ approaching at last?
    theloadstar.com
    “CMA CGM takes a position in Wing to support the growth of an innovative urban logistics service dedicated to e-commerce.” – Reuters, 29 October.
    Unrelated, but more important to get started with here, the fall and rise of the traded debts of CMA CGM across several maturities – 2021, 2022, and 2025 – has been inexplicable to many banking sources in the past few weeks. Read more here.  (Login required)
    Carriers hope for trade war truce before next round of tariffs
    lloydsloadinglist.com
    News emerging from China last week that US negotiators had reached a “principled consensus” with their Chinese counterparts will bring some optimism to the container shipping sector. Read more here.
    GROUND & RAIL FREIGHT UPDATES
    CBP issues penalty-mitigation guidelines for wood packaging violations
    freightwaves.com
    U.S. Customs and Border Protection has published guidelines for how importers and carriers may mitigate penalties for violations of wood packaging materials regulations.
    CBP enforces wood packaging materials regulations on behalf of the U.S. Department of Agriculture.  Read more here.
    GDP in US increases 1.9pc in Q3 as consumer spending rises 2.9pc
    seanews.com.tr
    GROSS domestic product in the US rose at an annual rate of 1.9 per cent in the third quarter, according to data compiled by the Department of Commerce’s Bureau of Economic Analysis (BEA). Read more here.

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