Newsletter – October 11, 2019

  • 11

    Oct

    Newsletter – October 11, 2019
    AIR FREIGHT UPDATES
    The Century’s Strongest Super-Typhoon Hagibis Is About To Hit Japan—1,600 Flights Canceled
    forbes.com
    The streets of Tokyo outside my window are currently getting a little quieter, but there is absolutely no sense of panic in Japan’s capital. Typhoons are common-place in Japan, and the infrastructure has been built to withstand regular storms each year. Read more here.
    US-China trade war weighs heavily on air cargo
    canadianshipper.com
    Geneva , Switzerland — The International Air Transport Association (IATA) released data for global air freight markets showing that demand contracted by 3.9% in August 2019, compared to the same period in 2018. Read more here.
    OCEAN FREIGHT UPDATES
    Port of Los Angeles Imports Fall in September as Trade War Roils Shipping
    gcaptain.com
    LOS ANGELES, Oct 10 (Reuters) – The Port of Los Angeles, the busiest for ocean trade with China, processed fewer containers of imported goods in September as the prolonged U.S.-China trade war whipsaws global supply chains. Read more here.
    Government Rules Halifax Expansion Unsuitable
    portstrategy.com
    Nova Scotia’s federal cabinet minister is supporting the Canadian Government’s decision not to fund a major expansion at the Port of Halifax, claiming traffic and proposed land use could be problematic. Read more here.
    INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
    Brexit deal can be done by October 31, Ireland says after ‘positive’ Johnson meeting
    uk.reuters.com
    THORNTON MANOR, England (Reuters) – A Brexit deal could be clinched by the end of October to allow the United Kingdom to leave the European Union in an orderly fashion, Irish Prime Minister Leo Varadkar said after what he called a very positive meeting with Boris Johnson. Read more here.
    Oil prices surge higher, then pull back, on news of Iranian tanker explosions
    freightwaves.com
    Oil prices were pulling back from their earlier highs as the U.S. trading day began Friday, lifted overnight by what was said to be a missile attack on an Iranian tanker off the coast of Saudi Arabia. Read more here.

    Comments are closed.