Newsletter – April 4, 2018

AIR FREIGHT UPDATES

Eurocontrol Systems Failure Causes European Flight Delays

source: news.airwise.com

A computer outage at European air traffic manager Eurocontrol reduced capacity and caused disruptions and delays to about half of the region’s flights on Tuesday. Read more here.

OCEAN FREIGHT UPDATES

Cosco anticipates June conclusion for OOCL takeover

source: splash247.com

Cosco anticipates sealing the $6.3bn takeover of Hong Kong’s Orient Oversease Container Line (OOCL) by the end of June. Read more here.

ILA, USMX make ‘significant progress’ on contract extension

source: shippingazette.com

THE International Longshoremen’s Association (ILA), the labor union that represents dockworkers at seaports up and down the US East and Gulf Coasts, and the United States Maritime Alliance (USMX), the group that represents the ILA’s employers, have made “significant progress” on terms for a six-year extension of their current master contract, the associations said in a joint statement. Read more here.

GROUND AND RAIL FREIGHT UPDATES

Strikes set to hit French rail freight for several months

source: lloydsloadinglist.com

Intermittent strikes at French state railway SNCF over the next few months are expected to hit France’s domestic and international rail freight sector hard and significantly impact the logistics operations of key customers, industry sources warn. Read more here.

Evergreen opens new office in Cambodia

source: ajot.com

Evergreen Shipping Services (Cambodia) Company Limited was established this month in response to both customer demand for increased service in the country and the potential for trade growth boosted by an average rise in GDP of 7% during the past several years. Read more here.

INTERNATIONAL BUSINESSS – GOVERNMENT UPDATES

US vs. China: a ‘slap fight,’ not a trade war. So far

source: canadianshipper.com

Washington, DC — First, the United States imposed a tax on Chinese steel and aluminum. Then, China counterpunched Monday with tariffs on a host of U.S. products, including apples, pork and ginseng. Read more here.