Newsletter – December 3, 2019

AIR FREIGHT UPDATES

Hong Kong Airlines’ Owner Secures $568M Loan

simpleflying.com

Haikou, China, headquartered Hong Kong Airlines owner, the HNA Group has secured a $568 million loan from state-owned banks. This latest news comes fast in the footsteps of the Hong Kong authorities telling the airline that it needed to boost its finances by Saturday or face the possibility of having its operating license suspended. Read more here.

Cutting the carbon, global airports going greener

aircargonews.net

Airports worldwide are tackling climate change, with 288 hubs actively engaged in a global carbon accreditation programme that registered a collective CO2 reduction of more than 320,000 tonnes or 4.9% in the past year. Read more here.

OCEAN FREIGHT UPDATES

Brexit explained: What US shippers need to know

freightwaves.com

Brits head to the polls next week (Dec. 12) in a general election which should bring more clarity to the endless Brexit saga ahead of the U.K.’s scheduled departure from the European Union (EU) at the end of January. Read more here.

Maersk announces jobs cuts

lloydsloadinglist.com

The world’s largest container line Maersk has confirmed it is to cut a number of jobs from both its head office in Copenhagen and around the world, saying the move was part of an “efficiency initiative” that has been ongoing for some time. Read more here.

INTERNATIONAL BUSINESS – GOVERNMENT

From trusted news source to trusted trade compliance too

freightwaves.com

For the world’s corporate compliance officers, Dow Jones Risk & Compliance has become an increasingly important tool in their efforts to avoid violations of economic sanctions.

This concern has been amplified in recent years, especially with the U.S. stepping up economic sanctions against overseas entities and individuals that it views pose a threat to national security or operate contrary to U.S. foreign policy. Read more here.