Newsletter – June 10, 2019

OCEAN  UPDATES

Pressure grows on K Line’s top men after disastrous first year for ONE

theloadstar.com
K-Line’s shareholders may flex their muscles at the forthcoming AGM, adding to increasing pressure on the line’s chairman and president to step down. Read more here (login required).

Lines slap war risk surcharges on Venezuela shipments

splash247.com
Shippers must brace for more expensive calls to crisis-hit Venezuela. MSC, the world’s second largest liner, yesterday told clients it was imposing surcharges for shipments bound for the politically unstable Latin American nation. Read more here.

‘Bigger box ships mean bigger risks for everyone’

theloadstar.com
It seems the ultra-large container vessels (ULCVs) that have become the ‘new normal’ on the Asia-Europe tradelane have not proved as popular as the lines that operate them hoped. Read more here (login required).

INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

US to ‘indefinitely’ suspend Mexico tariffs

supplychaindive.com
The U.S. and Mexico have reached a deal to avoid a 5% tariff on all Mexican imports that was set to take effect today, President Donald Trump tweeted Friday night. Read more here.

US-China trade war prompts major shifts in goods flows
lloydsloadinglist.com
The US-China trade war is prompting major shifts in goods flows, impacting all modes of transport, according to a number of new studies into the impact of trade tariffs. Read more here.