Newsletter – November 14, 2018

AIR FREIGHT UPDATES

Vietnam’s Bamboo Airways Receives Aviation License

news.airwise.com
Bamboo Airways has received its aviation license from Vietnam’s Ministry of Transport, and is expected to launch flights within weeks. Read more here. 

OCEAN FREIGHT UPDATES

Maersk earnings rise in third quarter of the year

lloydsloadinglist.com
Maersk has reported revenues of $10.1bn in the third quarter of the year, up by 30% from the corresponding quarter last year as volumes rose ahead of market growth. Read more here.

OOCL cancels Trans-Atlantic sailings over Xmas-New Year period

transportweekly.com
Hong Kong’s Orient Overseas Container Line (OOCL), now a Cosco unit, has announced Trans-Atlantic cancellations over the Christmas and New Year period.
OOCL said in a statement that the cancellations have been made “in response to the expected low demand during the upcoming Christmas and New Year period”. Read more here. 

INTERNATIONAL BUSINESS – GOVERNMENT UPDATES

Survey finds shipping industry concerned about impact of trade protectionism and cyber threats

canadianshipper.com
San Jose, CA — The global maritime industry is cautiously optimistic about the global business environment for world trade, but also concerned about the potential impact of trade tensions, cyber security, fuel costs and other headwinds to industry recovery, according to a new benchmark survey and study developed by the Business Performance Innovation (BPI Network) in partnership with Navis. Read more here. 

CANADA BUSINESS – GOVERNMENT UPDATES

$18M for Port of Hamilton expansion

canadianshipper.com
Hamilton, ON — The Government of Canada announced an investment of $17.7 million to expand and diversify the Port of Hamilton’s capacity, and to increase its multi-modal transportation options. Read more here.