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Maersk sees improved prospects for global container trade

Bloomberg | May 02, 2024 | Maritime | Liner Shipping

A.P. Moller-Maersk A/S, a bellwether for global trade, said a strong start to the year has improved the outlook for container trade demand worldwide.

Adani flagship’s profit drops, gets queried by Indian regulator

Bloomberg | May 02, 2024 | Air Cargo | Airports

French cognac producers push for deal on China dumping probe

Bloomberg | May 02, 2024 | International Trade

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Tycoon sees $3.5 billion investments in Namibia green hydrogen

Bloomberg | May 02, 2024 | Energy | Alternative | Green Shipping | Maritime | Bulk

Cie Maritime Belge SA, a Belgian shipping company, expects green hydrogen production in Namibia to start in the fourth quarter, a project that could see $3.5 billion in investment over the next five years.

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Port of Antwerp to build €250 million Namibia hydrogen harbor

Bloomberg | May 02, 2024 | Energy | Alternative | Ports & Terminals

Port of Antwerp Bruges plans to develop a €250 million hydrogen and ammonia storage and export facility at the Namibian Port of Walvis Bay, together with the African nation’s state logistics firm.

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Canada unexpectedly flips to deepest trade deficit since June

Bloomberg | May 02, 2024 | International Trade

Canada recorded a goods trade deficit of C$2.28 billion ($1.7 billion) in March, the widest since June 2023 and missing expectations in a Bloomberg survey for a C$1.21 billion surplus.

Google uses AI to fast-track predicting weather catastrophes
Green Shipping
Stas Margaronis | Top Story | May 02, 2024

AJOT Insights
Google uses AI to fast-track predicting weather catastrophes

Google has developed a new generative AI model that it says can predict weather patterns more efficiently than conventional physics-based weather forecasting models, up to 14 days in advance.
Yen’s sustained weakness frustrates even Japanese exporters

Bloomberg | May 01, 2024 | International Trade

North America supply chains imperiled by Canada rail strike vote
Intermodal
Bloomberg | Top Story | May 01, 2024

North America supply chains imperiled by Canada rail strike vote

Rail workers demanding more rest time moved closer to a strike that would disrupt supply chains from Halifax to Vancouver and down through the Midwest to the Gulf of Mexico.
US sanctions firms in China, UAE for support of Russia’s war

Bloomberg | May 01, 2024 | International Trade

Amazon, BP counter push to repeal Washington climate law
Energy
Bloomberg | Top Story | May 01, 2024

Amazon, BP counter push to repeal Washington climate law

A ballot initiative would nix a program that compels big emitters to pay for their pollution, as opponents blame it for driving up fuel costs.
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Crowley and Teamsters Union Local 901 reach new agreement in Puerto Rico

AJOT | May 01, 2024 | Maritime | Liner Shipping | Ports & Terminals

Crowley and Teamsters Union Local 901 have reached a new labor agreement to extend their longtime partnership into its sixth decade serving the shipping and logistics needs of Puerto Rico.

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Averitt recognized as Logistics Supplier of the Year by Trane Technologies

AJOT | May 01, 2024 | Trucking

Averitt, a leading provider of transportation and logistics services, has been awarded Trane Technologies’ Logistics Supplier of the Year.

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Stonemont Financial Group delivers industrial park in Wilmer, Texas

AJOT | May 01, 2024 | Logistics

565,000-square-foot development caters to regional and national distributors, expands firm’s footprint in North Texas

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Air cargo’s ‘black swan’ event sees demand peak, as attention turns to Q4 market

AJOT | May 01, 2024 | Air Cargo | Freighters

The impact of air cargo’s ‘black swan’ event – conflict in the Red Sea disrupting ocean freight services – showed signs of easing in April but volume growth still registered the fourth straight month of +11% increases in global air freight demand, according to the latest weekly data analysis by Xeneta.

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South Korea’s export growth picks up, led by record US demand

Bloomberg | May 01, 2024 | International Trade

South Korea’s export growth accelerated last month, led by record demand from the US fed by strong economic momentum as China struggles to recover from a domestic slump.

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Retailers and wholesalers overtook 3PL providers as top drivers of big-box warehouse demand in 2023

AJOT | May 01, 2024 | Logistics

General retailers and wholesalers leased the most big-box warehouse space in North America in 2023, accounting for 36% of all transactions, according to a new report from CBRE. Retailers and wholesalers dethroned last year’s top occupier category, third-party logistics (3PL) providers.

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The WestJet Group’s growth strategy comes to life in Halifax this summer amidst return of transatlantic air connectivity

AJOT | May 01, 2024 | Air Cargo | Airlines

Alexis von Hoensbroech, WestJet Group CEO, commemorates first visit to Halifax with key partners and community members, reaffirming commitment to Atlantic Canada

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MSC BRC - scope: East Africa and Red Sea to USA and San Juan Puerto Rico

AJOT | May 01, 2024 | Maritime | Liner Shipping

MSC’s new monthly Bunker Recovery charge (BRC) as of June 1st, 2024, last container gate in date.

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