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China's COSCO Shipping wins U.S. security clearance for OOIL deal

China's COSCO Shipping wins U.S. security clearance for OOIL deal-Forwardernews

In a regulatory filing on Sunday the company said the U.S. Committee on Foreign Investment in the United States had notified it that it does not have any outstanding security issues following an agreement with the U.S. government to divest the Long Beach container terminal business to a third party. COSCO said ownership of the container terminal business will be transferred to a trust while a buyer is sought.
There had been concerns the trade fight between Beijing and Washington might end up hampering major deals by the U.S. or Chinese firms seeking regulatory approval.
U.S. and China on Friday implemented tariffs against each other’s goods, with no signs of a near-term resolution.

Freight volume is the highest in over a decade: Cass Shipment Index

Freight volume is the highest in over a decade: Cass Shipment Index-Forwardernews

This is a great sign for carriers moving into the second half of 2018, as conditions should remain tight as the economy continues the momentum going into the third and fourth quarters.
The Cass Freight Index for Shipments is an index representing the volume of shipments in a given month from the entire Cass client base. This is indexed against a January 1990 base point of 1.00. Larger values indicate more shipments are occurring, while smaller values mean fewer are moving.​

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Cherry blossom-colored container ship arrives Monday in Oakland

Cherry blossom-colored container ship arrives Monday in Oakland-Forwardernews

Called the ONE Competence, the 1,036-foot-long ship is the newly branded symbol of Japan's recently consolidated container shipping lines, according to the Port.
The ship is scheduled to arrive at Oakland's TraPac marine terminal at 7 a.m.
"It will be a glorious sight," Port of Oakland Maritime Director John Driscoll said in a statement.
Driscoll said, "We've been welcoming the Japanese fleet to Oakland for years but this will be an eye-popper and a reminder that things are changing in our industry."
Port officials said the ONE Competence is part of the Ocean Network Express, or ONE.

New Saudi shipping line calls at Le Havre

New Saudi shipping line calls at Le Havre-Forwardernews

Six ships have been deployed as part of this service. Among them, the Bahri Tabuk, which opened the new sea link to the ro-ro terminal in Le Havre at the beginning of the year. The Bahri Jazan which called in Le Havre on Monday 18 June was the ship’s 3rd port call to France in the year. These 225m-long vessels are equipped with an access ramp with a capacity of 250 tonnes and two cranes each lifting 120 tonnes. The ships carry various export goods such as new vehicles, construction machinery, and electric power generators, as well as railway and miscellaneous construction equipment.

European airports see cargo growth stagnate in May

European airports see cargo growth stagnate in May-Forwardernews

The latest figures from Airports Council International (ACI) Europe show that freight traffic increased by just 0.8% year on year in May.
This compares with an increase of 3.5% year on year over the first five months of 2018.
The association said this confirmed a significant downward trend since the start of the year and was also a reflection of air traffic control and airline strikes during the month, the most high profile of which has been at Air France.



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