Transportation News, Logistics, Ports and Trade

El Nino may see first S. Africa white-corn import since 2017

Bloomberg | March 27, 2024 | International Trade | Commodity

South Africa may import significant amounts of white corn, used to make a staple food, for the first time since 2017 as the El Nino weather pattern withers the crop, the chief economist for the main farming business association said.

Five ways to team up and deter supplier fraud

AJOT Newsroom | March 27, 2024 | Logistics | Supply Chain

According to the author, Costas Xyloyiannis, CEO of HICX the supplier experience platform, “Finance can, together with procurement, spot and address the weaknesses in its fraud-fighting strategies." Costas has helped C-suite execs for 20 years to strengthen their supplier information and therefore fraud strategies. In this article he offers finance leaders five steps to creating a safer supplier landscape.

Six presumed dead after bridge collapse, as port disruptions hit cars to coal

Bloomberg | March 27, 2024 | Intermodal

The 1.6 mile-long bridge collapsed in a matter of seconds. The catastrophic consequences are set to stretch out for weeks.

London insurers face Baltimore bridge payouts worth billions

Bloomberg | March 27, 2024 | Ports & Terminals

Insurers face claims of as much as $3 billion following Tuesday’s collapse of the Francis Scott Key Bridge in Baltimore, with firms on the Lloyd’s of London market most exposed, Barclays Plc analysts said.

China’s Sinochem buys first oil cargo from Canadian pipeline

Bloomberg | March 27, 2024 | Energy

China’s Sinochem Group has purchased one of the first crude cargoes that will be shipped through a new Canadian pipeline that’s designed to move more oil from landlocked Alberta to the Pacific Coast for export.

Ørsted selected by U.S. Department of Energy to receive industrial decarbonization funding

AJOT Newsroom | March 27, 2024 | Energy | Alternative | Green Shipping

Selection will help advance Ørsted’s e-methanol facility in Texas, decarbonize hard-to-electrify maritime sector, and create U.S. clean energy jobs in new industry

Maritime

Stas Margaronis | March 26, 2024

Port of Richmond seeks upgrade and new business

The Northern California Port of Richmond plans investments to improve its infrastructure and enhance its car, bulk, and liquid bulk shipping businesses, according to Charles Gerard, Director, Port of Richmond...

Phillips 66 sees global fuel-market growth even as US demand plateaus

Bloomberg | March 26, 2024 | Energy | Trucking

Baltimore bridge fallout to extend coast-to-coast in cargo shift

Bloomberg | March 26, 2024 | Ports & Terminals

The bridge collapse Tuesday that shut the Port of Baltimore and closed a major highway will cause weeks or months of transportation disruptions in the Mid-Atlantic region and accelerate a shift of cargo to the US West Coast as importers and exporters try to avoid potential bottlenecks at trade gateways from Boston to Miami.

Biden says US should pay to rebuild downed Baltimore bridge

Bloomberg | March 26, 2024 | Ports & Terminals

President Joe Biden said the US government ought to pay to rebuild a major bridge in Baltimore that collapsed Tuesday, and called on Congress to approve the funds.

Energy

Stuart Todd | March 26, 2024

Sanctions “Yet to curtail Russia with any compelling effect.”

Last month both the European Union and US once again stepped up sanctions against Russia in retaliation for its invasion of Ukraine in February 2022.

Chinese port in Peru faces surprise challenge to business model

China’s $1.3 billion port in Peru is facing a surprise challenge that could upend its business model, just months before its inauguration later this year.

Fasten the seatbelt: DB Schenker launches onboard courier service

AJOT Newsroom | March 26, 2024 | Air Cargo | Air Forwarders | Logistics

• Personal and exceptionally fast service for spare parts, medical products and any other time-sensitive shipments • New air freight product of DB Schenker

Georgia Ports Authority Board approves $65M for Ocean Terminal

AJOT Newsroom | March 26, 2024 | Ports & Terminals

Brunswick Harbor improvements fully funded

Auto supply chains face delays on Baltimore bridge collapse

Bloomberg | March 26, 2024 | Maritime | Breakbulk News | Ports & Terminals

The US automotive supply chain will be disrupted by the collapse of the Francis Scott Key Bridge in Baltimore, dealing another blow to America’s automotive ecosystem still recovering from pandemic-related setbacks.

Ship’s mayday call before Baltimore bridge crash saved lives

Bloomberg | March 26, 2024 | Ports & Terminals

A mayday warning from the ship that slammed into a Baltimore bridge saved lives by prompting officials to stop cars from crossing, Maryland Governor Wes Moore said.

Baltimore ships can be diverted to New York, New Jersey Ports

Bloomberg | March 26, 2024 | Ports & Terminals

East Coast ports including in New York, New Jersey and Virginia are positioned to handle additional ships if the Baltimore bridge collapse leaves terminals there inaccessible, potentially easing impacts on global trade flows.

Vital Baltimore bridge collapses after being struck by ship

Bloomberg | March 26, 2024 | Maritime | Bulk | Ports & Terminals

A major commuter bridge in Baltimore collapsed after being struck by a container ship, causing vehicles to plunge into the water and halting shipping traffic at one of the most important ports on the US East Coast.

China files WTO complaint over US electric-vehicle subsidies

Bloomberg | March 26, 2024 | International Trade | Maritime | Breakbulk News

China is taking its dispute with the US over electric-vehicle subsidies to the World Trade Organization, challenging elements of President Joe Biden’s signature climate law passed in 2022.