COMPANY NEWS

High Winds Cause Closures at GCT Deltaport This Week

On both Monday and Tuesday, high winds caused closures of several hours at GCT Deltaport. Trucking companies were advised to rebook appointments where possible.

IATA eAWB Target Still a Way Off

The electronic air waybill (eAWB) penetration rate in September was still well below the end of year target set by the International Air Transport Association (IATA).

The month came in at 50.9 percent, 11.1 percent below the 62 percent that IATA was aiming to achieve by December 2017.

Top airlines ranked by eAWB penetration were Flydubai at 100 percent, Kenya Airways at 99.3 percent and Cathay Pacific Group at 83.4 percent.

China Approves Maersk Line’s Acquisition of Hamburg Süd, With Conditions

>
> The Ministry of Commerce in China approved Maersk Line’s proposed > acquisition of Hamburg Süd on November 8.
>
> The approval is subject to conditions, which are that Maersk Line commits > not to extend Hamburg Süd’s membership of a vessel sharing agreement (VSA) > currently active on the Far East Asia–West Coast of South America trade > route, and that it commits to terminate Hamburg Süd’s membership in a VSA on > the Far East Asia–East Coast of South America trade route on the earliest > date permitted.
>
> Maersk Line further commits to not enter into VSAs with its main competitors > within five years of the deal closing.
>
>
>
>

New US CBP in-bond rules start at end of November.

November 13, 2017 –
The US Customs and Border Protection has announced their final rule in eliminating the ability to prepare paper in-bond documents. If you require more information please contact our office.

New US CBP in-bond rules start at end of November.

November 13, 2017 –
The US Customs and Border Protection has announced their final rule in eliminating the ability to prepare paper in-bond documents. If you require more information please contact our office.

Antwerp trade mission to Canada

October 24, 2017 – Canaan Transport was invited to the Flanders Investment and Trade mission to promote the city of Antwerp and investment in Belgium. An interesting session was presented this morning on the internet of things and the digital economy. The trade mission finishes their Canada trip tomorrow.

CETA officially in force

The Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union has now officially entered into force in Canada. As a result, thousands of products will now start having preferential import duty rates when importing into Canada from the EU. Although there may still be legal challenges, it is expected that these will be ultimately resolved.

CETA plans to abolish 98% of all customs duties between the two economies and will result increasing the import of more cheese and wine into Canada and the export of pork and beef to the EU.

COSCO temporarily not allowing discharge at Port of Prince Rupert

In an unusual step, COSCO announced to its customers that it will temporarily switch the port of discharge for its containers destined to Canadian inland points aboard the vessels below. These containers will be unloaded at Vancouver (terminal Centerm), instead of at Prince Rupert.

XIN OU ZHOU Q94 031N
CSCL AMERICA RXH 009N
XIN FEI ZHOU R27 036N
CSCL OCEANIA R55 012N

The carrier indicates the decision was made in an effort to alleviate the growing congestion and dwell times experienced recently at Prince Rupert.

The other steamship lines that share space on these vessels have not made similar announcements as of this time. Therefore, containers that are aboard these vessels but not moved by COSCO might still be unloaded at Prince Rupert. In its customer advisory, COSCO advised the changing of port of discharge will not affect any rate agreements currently in place, and diversion fees will not be applied by COSCO. COSCO said it will update the change of routing to CBSA.

In its September 12 bulletin, CIFFA indicated that forwarders and their customers can expect ongoing delays and increased dwell times at Canadian west coast ports for the next several weeks, especially at Prince Rupert and Deltaport. Volumes are high. Container stacks are growing higher at terminals and service levels are certainly not where they should be.

There is a combination of contributing factors and, while investments are being made to alleviate congestion in the system, these efforts may not bear fruit as quickly as needed. In the meantime, dwell times on the docks at Prince Rupert are edging up, with week 37 expected to average 6 to 7 days. Dwell times are expected to slowly decrease during weeks 38 and 39 and, by November, Prince Rupert dwells are expected to be back to its usual, under-three-day average. The Port of Vancouver container terminal performance update shows Centerm in the green, with dwell times under three days.

Cascadia Container Lines bankruptcy filing

On September 7, 2017, Cascadia Container Lines, a freight forwarding and ship’s agent in Vancouver, Canada, declared bankruptcy and left a number of transportation partners holding debts exceeding $1 million. Although Canaan Transport was not a customer nor vendor for Cascadia Container Lines, this bankruptcy highlights the need for clients to ensure that their transportation partner is financially viable and solvent. Operating since 1981 in Canada, Canaan Transport has the financial strength and capability to manage all your transportation needs and we invite companies that have been affected by this unfortunate event to contact us about how we can assist with your requirements.

Canaan Transport has also been retained by a number of international freight forwarders to represent their interests in the bankruptcy proceedings so please contact us if you need our assistance.

Apple Iphone X and 8 launches will constrain air freight capacity until the end of the year

With yesterday’s announcement of the new Apple Iphone 8 and X models, it is anticipated that air freight capacity out of China will be severely constrained to all markets until December 2017. Since the cycle has been extended an additional month with the delayed launch of the X model, we strongly suggest to all our customers that any impending air freight shipments be communicated to our offices as soon as possible in order to secure the appropriate space to move this before the end of 2017.