Newsletter – June 18, 2018

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    Jun

    Newsletter – June 18, 2018

    OCEAN FREIGHT UPDATES

    Oil price rise set to wipe out box line profits this year
    source: lloydlsloadinglist.com
    An unexpected surge in fuel prices has dramatically altered the cost base of carriers and has forced analyst Drewry to significantly downgrade its profit expectations for the industry this year.  Read more here. 
    Maersk offers all-water Asia to eastern Canada-Asia loop
    source: shippingazette.com
    MAERSK Line will launch its own weekly all-water service from the Far East to Montreal and Halifax, the company has announced.
    Maersk’s AE6 service will connect ports in China and southeast Asia to its 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 non-stop to Montreal, followed by Halifax. At Montreal, Maersk Line is using the Cast terminal.
    Next sailings of the MMX rotation as follows: Ningbo on Tuesday, June 19; Shanghai on Thursday, June 14; Yantian on Monday, June 18; Tanjung Pelepas on June 16 and Algeciras on Friday, June 15.

    CANADA BUSINESS – GOVERNMENT UPDATES

    How to use the revised Canada Transportation Act: FMA
    source: canadianshipper.com
    Ottawa, ON – The Canada Transportation Act governs the commercial activities of railways and airlines in Canada and is the main law addressing the railways’ relationship with shippers.  In May, the government passed Bill C-49, the Freight Modernization Act. Read more here.
    Maersk offers all-water Asia to eastern Canada-Asia loop
    Source: transportweekly.com
    MAERSK Line will launch its own weekly all-water service from the Far East to Montreal and Halifax, the company has announced.
    Maersk’s AE6 service will connect ports in China and southeast Asia to its 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 non-stop to Montreal, followed by Halifax. At Montreal, Maersk Line is using the Cast terminal.
    Next sailings of the MMX rotation as follows: Ningbo on Tuesday, June 19; Shanghai on Thursday, June 14; Yantian on Monday, June 18; Tanjung Pelepas on June 16 and Algeciras on Friday, June 15.

    INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

    Brazilian Customs Strike Extended
    source: CIFFA
    An advisory notice from Air Canada Cargo on June 15 indicated that the Brazilian Customs Union has extended its strike through to June 30.
    Special shipments, such as perishables, animals, human remains and medicines, will continue to be cleared, but all other shipments may continue to experience custom clearance delays for the duration of the strike.
    US announces 25% tariff on set of Chinese goods
    source: lloydsloadinglist.com
    The US government has announced it will place tariffs on $50bn of Chinese imports in a move that looks set to ignite a trade war between the world’s two largest economies. Read more here. 

     

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