Newsletter – August 16, 2018

OCEAN FREIGHT UPDATES

OOCL cancels sailings to meet slowdown after Chinese National Day

source: transportweekly.com
Hong Kong’s Orient Overseas Container Line (OOCL) has announced the withdrawal of the following Asia-Europe sailings because of low demand after the National Day holiday in China, according to Shipping Gazette. Read more here.

Typhoon heads toward Shanghai

source: shine.cn
SHANGHAI was put on a blue typhoon alert, the lowest on a four-tier system, at 8pm yesterday as Typhoon Rumbia heads toward eastern China.
The typhoon will bring gusty winds and heavy rainfall from late today into tomorrow, local weather authority said. Read more here.

Lines have only themselves to blame for poor Q2 results

source: lloydsloadinglist.com
The inability of container shipping lines to curb over-supply last year and in the first half of 2018 resulted in the recent slew of losses and earnings downgrades, according to Alphaliner. Read more here.

Analysis: when it rains on Maersk, it can pour

source: lloydsloadinglist.com
‘When it rains it pours’, I thought soon after reading that the Colombian navy, according toMaritime Denmark, had seized “1,144 packages that each contained 1 kg of pure cocaine (…) found onboard the containership Cap San Tainaro, owned by German shipping company Hamburg Süd, which is part of Maersk Line”. Read more here.

GROUND FREIGHT UPDATES

Shortage of truck drivers is a new challenge for air cargo association

source: seanews.com.tr
THE AIR cargo industry cannot escape the consequences coming from the lack of drivers in the road haulage industry, according to European Shippers’ Council chairman Denis Choumert, who is calling for all supply chain partners to work together to overcome this challenge and for TIACA to take a leading role. Read more here.

CANADA BUSINESS – GOVERNMENT UPDATES

Port of Vancouver sees growth across most sectors

source: canadianshipper.com
Vancouver, BC — The Vancouver Fraser Port Authority released the 2018 mid-year statistics for goods moving through the Port of Vancouver. Overall cargo through the port increased 4.4 per cent to 72.1 million metric tonnes (MMT) over the same time last year to reach record mid-year volumes. Read more here.