Newsletter – September 23, 2019

AIR FREIGHT UPDATES

Hong Kong delays air cargo screening programme as economy and air trade falter

theloadstar.com

The launch of Hong Kong’s new x-ray screening rule for air cargo has been delayed due to concerns over the city’s ailing economy and potential supply chain disruption. Read more here (login required).

Thomas Cook Goes Bankrupt Leaving 600,000 Passengers Stranded

simpleflying.com

Following a meeting in London yesterday, British travel firm and charter airline operator, Thomas Cook, has gone bankrupt.

Yesterday, Thomas Cook met with key players in an attempt to avert a collapse. The British travel firm needed to secure £200m of extra funds if it was to prevent bankruptcy. Read more here.

OCEAN FREIGHT UPDATES

ILWU warns of massive job losses with automation of BC terminals

seanews.com.tr

A REPORT commissioned by the International Longshore and Warehouse Union (ILWU) Canada shows that automation of container terminals could lead to the elimination of more than 9,200 marine terminal jobs across British Columbia. Read more here.

Export-import headwinds to continue in coming months, says Maersk

thehindubusinessline.com

India’s export-import (EXIM) trade is expected to face continuedheadwinds in the coming months, A P Moller Maersk, said after its April-June India trade report showed the country’s containerised trade growth slowed to 1 per cent (9 per cent in the same period last year). Read more here.

CANADA BUSINESS – GOVERNMENT UPDATES

Trudeau’s Chinese Trade Headache Worsens With Meat-Export Ban

bloomberg.com

Prime Minister Justin Trudeau’s once-lofty ambitions for closer Canadian trade ties with China are melting away.

China’s ban this week on meat imports adds to an already long list of irritants between the two countries that cast serious doubt on whether Canada will ever be able to use the Asian giant as the main platform from which to reduce its reliance on the U.S. market. Read more here (login required).