Representing the 2,200 Hong Kong based pilots, HKAOA and Labour Department officials met today to discuss whether Cathay Pacific had complied with the Hong Kong Employment Ordinance regarding the restructuring.HKAOA officials challenged Cathay Pacific's 28 October deadline for a career, life-defining decision by Cathay Pacific pilots. The decision involves whether to sign a vastly inferior new Employment Contract which shows permanent salary reductions of up to 58 per cent or have their existing Employment Contracts terminated.Said the Labour Department; "The employer should consult and secure consent from its employees prior to varying the terms of their employment contracts. Failing to do so may constitute unreasonable variation of the employment contractual terms."Said HKAOA general secretary Chris Beebe: "No consultation has occurred between the HKAOA and Cathay Pacific. Further, the requirement to sign a new contract in such an unrealistic, very short period is grossly unfair, after which termination is automatic."Mr Beebe said the lack of consultation was unfair and rushed and question whether consent can legitimately be given under these circumstances are of great concern".He said the situation is extremely serious both for our membership and for Hong Kong's global reputation which relies on ensuring employment conditions meet recognised international standards. "We are asking for action by the Labour Department to make sure Cathay Pacific lives by the rules," Mr Beebe said.
DP World's Fairview Container Terminal saw movement of 1.2 million TEU in 2019, a 17 per cent increase over 2018."Container shipments are critical to future growth at the Port of Prince Rupert," the plan said.Port president Shaun Stevenson said the plan would guide continued growth and diversification."The plan reflects the feedback we have received from local [Indians] local government and residents, balancing environmental and community values while we work towards creating even greater economic and employment opportunities," he said.The year also saw the AltaGas' Ridley Island Propane Export Terminal come online and growth in Ridley Terminals' coal handling where cargo levels were up 18 per cent over the previous year. Thermal coal rose 46 per cent while petroleum coke rose nine per cent and thermal coal dropped three per cent.In 2019, several infrastructure projects supporting growth and diversification at the Port of Prince Rupert were announced, including the Ridley Island Export Logistics Park, the Zanardi Bridge and Causeway Project, and the Metlakatla Import Logistics Park.An anticipated C$2 billion (US$1.5 billion) in capital expansion projects starting in 2020 was expected to support further cargo growth, including DP World's Fairview Terminal expansion project that will bring the terminal's capacity up to 1.8 million TEU by 2022; the Vopak Pacific Terminal project, which is currently under environmental assessment and expects to make a final investment decision in 2020; as well as Pembina's $175 million Prince Rupert Export Terminal which was deferred in March due to a downturn in gas prices and pandemic impacts.
"By combining, Maersk plans to provide an 'end-to-end logistics solution', and if successful, is poised to gain enormous advantages over competitors," said Mr Crook, also the former head of DHL Global Forwarding. "It may be too early to call Maersk the Amazon of the supply chain, but this takes them a major step closer. It's time for other carriers to consider building out their own end-to-end offerings if they want to compete with Maersk," he said..Typically, importers must juggle a wide range of logistics companies - carriers, customs brokers, freight forwarders - to ensure the delivery of a single shipment. "Damco already managed all those relationships on behalf of their customers' supply chains. As a result, it can provide a seamless experience for their customers - and a single point of contact for all parties," he said.By integrating Damco's logistics offerings, Maersk hopes to reach its customers directly, simplify their operations significantly, and eliminate the need for intermediaries such as freight forwarders. There are a number of reasons this is likely to change market dynamics significantly, he said. "For example, will Damco's current customers still be able to book with other carriers? Will Maersk's new forwarding platform ever engage the services of, say, Mediterranean Shipping Co or Hapag-Lloyd," Mr Crook said. Some of the market advantages from which Maersk will profit without a vigorous response from others in the industry include: Pricing advantages: As the largest ocean carrier in the world, Maersk enjoys economies of scale that will allow them to keep prices as low as possible. Damco has a large roster of its own customers, and they can now use those existing relationships to steer shipping contracts to Maersk. Forwarders have to rethink their digital strategy in light of this market development. Considering Maersk's current market dominance coupled with this new offering, other logistics businesses must aggressively innovate if they want to survive and thrive.