Newsletter – June 14, 2018

AIR FREIGHT UPDATES

Air Canada Cargo Offers Its AC Absolute° Service in Two New Florida Locations

source: CIFFA

Air Canada Cargo has expanded its AC Absolute° service to Fort Lauderdale and Orlando, adding to the existing service in Miami.

AC Absolute° is designed for temperature-sensitive commodities that require active temperature control. Read more here.

Ongoing air cargo terror threat prompts new U.S. decree

source: abc7chicago.com

CHICAGO (WLS) — Eight years after Middle Eastern terrorists tried to execute a mid-air bombing plot using cargo planes over Chicago, the U.S. is imposing new security measures on incoming air freight. Read more here.

OCEAN FREIGHT UPDATES

Investors getting nervous as doubts are raised over COSCO takeover of OOCL

source: theloadstar.co.uk

COSCO’s $6.3bn takeover of Orient Overseas International (OOIL), parent of container line OOCL, is now in doubt, according to Alphaliner.

The consultant said “doubts remain” whether the acquisition could be completed by the 30 June completion deadline. Read more here (login required)

Maersk Line Introduces New Service from Asia to Eastern Canada

source: CIFFA

Maersk Line is launching a weekly all-water service from the Far East to Montreal and Halifax.

The AE6 service will connect ports in China and Southeast Asia to Maersk’s new Med/ Montreal Express (“MMX”) at its terminal in Algeciras. Maersk’s facility at Tanjung Pelapas, from which the AE6 sails non-stop to Algeciras, will receive cargo from the widest southeast Asia scope. From Algeciras, the MMX sails to Montreal, followed by Halifax. At Montreal, Maersk Line is using the Cast terminal.

Ports and their equipment suppliers aim to set standards for a hi-tech future

source: theloadstar.co.uk

The disconnect between container ports and the industry that supplies its equipment could be partially bridged by a new joint initiative between the Federation of European Private Port Companies and Terminals (FEPORT) and the Port Equipment Manufacturers Association (PEMA). Read more here (login required).

Cascading of bigger box ships brings headaches for vessel planners

source: theloadstar.co.uk

Some 30 ships with an average capacity of 11,700 teu will be replaced by larger newbuild tonnage on the Asia-Europe and transpacific tradelanes this year, according to ClipperMaritime’s cascade model update. Read more here (login required).