Newsletter – May 27, 2019

AIR FREIGHT UPDATES

IATA: airline profits fall further

aircargonews.net
The March/April Airlines Financial Monitor from IATA notes “a further fall in aggregate profits for the airline industry” for the first quarter of 2019, in comparison with the same three months of last year. Read more here. 

OCEAN FREIGHT UPDATES

ILWU Strike – Letter Template Available to Contact Labour Minister to Express Concern

ciffa.com
On Friday, CIFFA sent a letter to the Honourable Patricia Hajdu, Minister of Employment, Workforce Development and Labour (following up on an earlier letter dated in April) addressing our deep concerns about this matter; it was also sent to several officials listed on the letter.
For those wishing to send a letter to the Labour Minister, this template letter may be of help in drafting your own message; this template email message contains the email addresses of the relevant cabinet ministers. Thanks to FMA for these templates.

OOCL cancels four sailings on PNW1 due to low demand

seanews.com.tr
HONG KONG’s Orient Overseas Container Line (OOCL), now a Cosco unit, has announced that ‘in response to the expected low seasonal demand’, the carrier is to cancel four sailings on the Trans-Pacific trade.

INTERNATIONAL BUSINESS GOVERNMENT UPDATES

US proposes tariffs on nations with undervalued currencies

ajot.com
The Trump administration is proposing tariffs on goods from countries found to have undervalued currencies, in a move that would further escalate its assault on global trading rules. Read more here. 

Waste to energy plant in B.C. to handle disputed garbage from Philippines

canadianshipper.com
Vancouver, BC — About 1,500 tonnes of garbage that is being sent back to Canada from the Philippines will be taken to a facility in Burnaby, B.C., that turns waste into electricity. Read more here.