Newsletter – August 14, 2019

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    Aug

    Newsletter – August 14, 2019
    AIR FREIGHT UPDATES
    Flights resume after second night of chaos at Hong Kong airport
    cnn.com
    Flights resuming: Flights in Hong Kong are finally leaving and airlines are re-booking passengers after hundreds of departures were canceled since Monday. Read more here.
    Trucks loaded with cargo could be flown into the UK as part of no-deal Brexit plans
    aircargonews.net
    The UK government has issued a tender worth up to £300m calling for companies to transport trucks, trailers and vans loaded with critical goods via either aircraft, rail or ship in the event of snarl ups on the boarder following Brexit. Read more here.
    OCEAN FREIGHT UPDATES
    Tropical Storm Krosa may cause shipping troubles in eastern Asia
    freightwaves.com
    Japan is about to get hit by a third cyclone in as many weeks. As the nation recovers from the impacts of Typhoon Francisco and Tropical Storm Nari, Tropical Storm Krosa is forecast to produce flooding, mudslides and damaging winds in the Land of the Rising Sun as early as Wednesday, August 14. Read more here.
    Yang Ming reports operating profit in second quarter
    freightwaves.com
    Yang Ming Marine Transport Corporation reported a gross profit from operations of 1.16 billion new Taiwan dollars (or about $36.8 million U.S. at today’s exchange rate of about 31.5 NTD to 1 U.S. dollar) in the second quarter of 2019, compared to a 2.03 billion NTD loss in the same 2018 period.  Read more here.
    Evergreen commits to eleven new 23,000 teu ships
    splash247.com
    The board at Evergreen Marine, Taiwan’s largest shipping line, has approved plans to bring in its largest ships, orders that could see the Chang family-controlled line leapfrog Ocean Network Express (ONE) and Hapag-Lloyd into fifth spot in the global liner rankings. Read more here.
    INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
    US delays China tariff increases for certain products
    www.aircargonews.net
    The ongoing tariff trade war between China and the US took an unexpected twist last night when the US announced a delay to increases on some products. Read more here.

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