COMPANY NEWS

Canadian exporters encountering further delays in China

April 29, 2019 – Canadian exporters of pork, soybeans, and peas now face additional delays when importing into China as additional trade barriers have suddenly materialized. Previously, Canadian canola shipments were delayed and then then rejected as a result of China’s government quarantine. Although not officially related to the diplomatic dispute between Canada and China over the arrest of a high ranking Huawei executive earlier in 2019, these further delays that are expanding to additional products are causing concern amongst traders in both countries. More news as it develops.

Jet Airways officially suspends all operations

April 22, 2019 – With last week’s suspension of all Jet Airways services as a result of lack of funding, we have been assisting customers who were affected with cargo either tendered or in transit with Jet Airways. The sudden fall of this airline was precipitated by a number of warning signs and as a result, many of our customers were not affected. For customers that have been affected, please e-mail our dedicated recovery team at jetairways as we can rebook your flights on alternate airlines.

Statement on Easter Sunday attacks in Sri Lanka

April 21, 2019 – Our thoughts and prayers go to the those who lost their lives or were injured in today’s horrific attacks in Sri Lanka.

Yantian Express update

April 15, 2019 – Hapag-Lloyd has provided an update on the progress of the salvage of the Yantian Express:

· The Yantian Express is currently due to reload containers unloaded at Freeport on April 12. General average and salvage security has still not been posted for some of these containers.

· The period granted by the salvage company for the provision of salvage security has expired. The company is now working to get the required certification to enable it to sell cargo to satisfy its security interest, should security not be provided imminently

· The ship is likely to sail at the end of April or early May with the remaining cargo onboard.

Continued congestion at the Port of Vancouver and Port of Prince Rupert

April 8, 2019 – Emprical evidence and on the ground information from our colleagues at these two ports show that there is still continued congestion at the Port of Vancouver and the Port of Prince Rupert. Although the delays to load containers have slightly improved, it appears that there is still a waiting period of between 5-8 days after container is grounded before being loaded onto rail. We anticipate that this will continue to improve for this next month until mid-May, when peak season traditionally begins.

Federal government to release new budget on Tuesday

March 18, 2019 – Canadian Prime Minister Justin Trudeau looks to shift the narrative on the recent SNC Lavalin scandal engulfing his government as the Liberals plan to release a highly anticipated federal budget on Tuesday.

Canadians’ broad fear of a declining economy has splintered into many forms, according to a new Angus Reid Institute public poll. When respondents were asked earlier this month to choose the two most important national issues, health care was the most common answer at 23 per cent, followed by the environment, income inequality, corruption, government spending, housing affordability, the economy, energy, immigration and finally taxes, which polled at 10 per cent.

A poll that was conducted in early 2016, as the federal Liberals prepared their first budget, showed that Canadians ruled the economy the most important issue. Jobs ranked second.

But that doesn’t indicate an end to Canadians’ anxiety. Four-in-10 respondents expect the economy to worsen over the next year. Fifty-five per cent say it’s not a good time to make a big-ticket purchase. Nearly half of respondents were worried that someone in their household could lose their job because of the economy.

The budget is expected to address pharmacare, specific jobs training and potentially housing.

Source : The Toronto Star

New Zealand Mosque Shooting statement

March 15, 2019 – Our thoughts and prayers are with those who lost their lives or were injured in today’s terrorist shooting in Christchurch.

Yantian Express General Average claims continue

March 11, 2019 – As previously reported, Hapag Lloyd’s Yantian Express’ fire while en route to North America now continues as a legal saga. Since General Average was declared in late January, Canaan Transport has been assisting its clients that had containers and cargo on board this vessel. Claims are continuing to be processed and any parties that have cargo on this vessel that were not contracted with Canaan Transport are urged to contact Richards Hogg Lindley, the official appointed Adjuster for this vessel.

Ethiopian Airlines disaster statement

March 10, 2019 – Canaan Transport mourns the loss of Ethiopian Airlines ET302 and our thoughts are with the family and loved ones of those who perished.

Higher monetary penalties on the horizon for trade non compliance effective April 1, 2019

March 4, 2019 – The CBSA plans to increase Administrative Monetary Penalties (AMPs) for trade non-compliance in spring 2019. These changes will be effective April 1. This follows criticism from the Auditor General of Canada in his 2017 Audit of Customs Duties that the CBSA’s AMPs are too low to improve compliance with trade programs. The CBSA had initially intended to complete its AMPs review and implement changes by June 2018, but extended the period to allow for thorough consultations and the submission of a public report to the House of Commons Public Accounts Committee. A Customs Notice with details of the changes will be published on the CBSA website this week to give time to prepare for the April 1st implementation date. To ease the transition to the new penalty structure, the CBSA will reset the penalty level to the first level for all existing contraventions importers may have. This is to avoid unanticipated impacts on industry that could occur by issuing second- and third-level penalties at higher levels than previously indicated. The maximum AMP of $25,000 will remain unchanged