Newsletter – August 13, 2020

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    Aug

    Newsletter – August 13, 2020
    OCEAN FREIGHT UPDATES
    Ottawa won’t intervene to end strike at Port of Montreal, says labour minister
    globalnews.ca
    Canada’s labour minister has rejected requests to intervene in a strike launched Monday by Port of Montreal workers.
    “We have faith in the collective bargaining process, as we know the best deals are made at the table,” Filomena Tassi said in a statement. Read more here.
    Trans-Pacific ‘going crazy’ as demand defies pandemic pessimists
    freightwaves.com
    China-U.S. West Coast container rates continue their astonishing climb. Not because of too little vessel supply, but because of too much import demand. U.S. import demand that is not surging despite of coronavirus, but because of it.
    “The trans-Pacific eastbound market is going crazy,” exclaimed Nerijus Poskus, vice president and global head of ocean freight at digital freight forwarder Flexport. Current dynamics are unprecedented, he said in an interview with FreightWaves on Wednesday. Read more here.
    Beirut’s port partially opens, thousands remain homeless
    upi.com
    Aug. 12 (UPI) — Beirut’s port partially opened again Wednesday as officials and residents continued to recover from last week’s devastating blasts that killed hundreds and left thousands homeless in Lebanon’s capital city.
    Economic Minister Raoul Nehme said on social media that 12 of the 16 cranes at the port are operating in an effort to give Beirut some economic life again.  Read more here.
    Hong Kong Seaport Alliance offers remedy to address competition concerns
    splash247.com
    Long plagued by monopoly accusations, the Hong Kong Seaport Alliance, formed by four of the five container port operators at Kwai Tsing Container Terminals, has released a list of proposed remedies in order to address concerns raised by Hong Kong’s competition authority. Read more here.
    GROUND AND RAIL FREIGHT UPDATES
    Truckers warned of fake quarantine text messages in Canada
    freightwaves.com
    Truckers in Canada are being warned of fake text messages that incorrectly instruct them to self-isolate and direct them to a suspicious website.
    The text messages claim to come from the Canadian government and state, “All travelers must self-isolate for 14 days by law.” Truck drivers returning to Canada from the United States are exempt from the Canadian self-isolation requirement. Read more here.
    CN adjusts operations amid strike at Port of Montreal
    freightwaves.com
    Canadian railway CN (NYSE: CNI) is relying on port terminals in Halifax and elsewhere on the East Coast as longshore workers continue to strike at the Port of Montreal.
    “We are monitoring the situation at the Port of Montreal closely and we are in regular contact with the responsible authorities. While we wish the parties [would] reach an agreement quickly, we are adjusting our operations in order to continue to provide service to our customers,” CN told FreightWaves. Read more here.

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