Transportation News, Logistics, Ports and Trade

Lineage Logistics announces appointment of new Chief Financial Officer

AJOT Newsroom | May 04, 2023 | Logistics | People | Appointments

Lineage Logistics (“Lineage” or the “Company”), one of the leading temperature-controlled industrial REIT and logistics solutions providers worldwide, today announced the appointment of Rob Crisci as Chief Financial Officer (“CFO”).

China takes the yuan global in bid to repel a weaponized dollar

Bloomberg | May 04, 2023 | International Trade

A string of new deals promote the Chinese currency as geopolitical risk spills into international finance

Maritime

Stas Margaronis | May 04, 2023

Proposed national maritime strategy will support U.S. maritime growth

The DOT’s U.S. Maritime Administration (MARAD) is now authorized to produce a National Maritime Strategy that would provide the basis for the United States to assess maritime shortfalls and address them through greater investment and/or policy changes, according to Sara Fuentes, Vice President of Government Affairs, Transportation Institute and Jonathan Kaskin, National Vice President for Legislative Affairs, Navy League of the United States.

Globalia Logistics Network overcomes the 200 members and 130 countries for the first time in its history

AJOT Newsroom | May 04, 2023 | Logistics

EU aims to target nations through which Russia evades sanctions

Bloomberg | May 04, 2023 | International Trade

NYC Amtrak shutdown caused by trespassers near tracks

Bloomberg | May 04, 2023 | Intermodal | Rail

Energy

Bloomberg | May 04, 2023

US Senate votes to restore solar tariffs up to 254% in Biden rebuke

The Senate voted Wednesday to reinstate tariffs as high as 254% on solar panels from Southeast Asia, underscoring a deep clash over continued US reliance on foreign imports to drive the nation’s renewable-energy development.

Maritime

Bloomberg | May 04, 2023

Global trade slows in blow to Maersk as further hit expected

A.P. Moller-Maersk A/S, a bellwether for global trade, signaled weaker results for the rest of 2023 after reporting first-quarter operating profit that tumbled by more than half with transport volumes slowing and freight rates plunging.

Vector Global Logistics announces new service for show freight and special event shipping

Vector Global Logistics | May 04, 2023 | Logistics

Maritime

AJOT Newsroom | May 04, 2023

Nautilus signs 30-year agreement with Port of Vancouver USA

Launching joint venture brand, Vancouver Bulk Terminal

Energy

AJOT Newsroom | May 04, 2023

Beaumont refinery expansion boosts Gulf Coast petroleum refining capacity

On March 16, ExxonMobil announced the beginning of operations at the expansion of its Beaumont refinery, adding 250,000 barrels per day (b/d) of capacity, according to the company’s announcement.

Etihad Cargo expands Chinese network with introduction of fourth gateway destination

AJOT Newsroom | May 03, 2023 | Air Cargo | Freighters

• Etihad Cargo operated its inaugural flight to Wuhan Tianhe International Airport in the Hubei province of China on 29 April 2023. • Etihad Cargo operates ten weekly freighter flights to China, including eight to Shanghai and two flights per week to the Hubei Province in partnership with SF Airlines, with a further five weekly passenger flights to Beijing Daxing, Shanghai and Guangzhou. • The additional flights will provide access to 25 domestic Chinese destinations for Etihad Cargo's customers.

CEVA Logistics to operate four deep-sea, dual-fuel hybrid RORO vessels under long-term lease

CEVA Logistics is connecting its global automotive customers with more roll-on, roll-off (RORO) vessel capacity thanks to a new 10-year lease the logistics firm has signed with its parent company, CMA CGM.

Maritime

AJOT Newsroom | May 03, 2023

JAXPORT issues request for proposals for long-term lease of 79-acre property at the Talleyrand Marine Terminal

The RFP is due in June to identify one or more companies for a long-term lease

Lufthansa drops as easing supply chain lowers air cargo profit

Bloomberg | May 03, 2023 | Air Cargo | Freighters

Deutsche Lufthansa AG said first-quarter earnings at its air cargo division fell as global freight rates declined, denting a continued recovery in demand for summer tourism travel.

Odfjell SE 1Q23: The firm chemical tanker market seen in 2022 continued into 1Q23

AJOT Newsroom | May 03, 2023 | Maritime | Bulk

Oil cargo in sanctions-busting claim had inconsistent paperwork

Bloomberg | May 03, 2023 | Energy

A shipment of diesel at the center of a European Union sanctions-busting claim had an inconsistency in its paperwork.

Descartes’ study shows top performers are twice as likely to have the greatest increase in transportation management IT investment

AJOT Newsroom | May 03, 2023 | Shipping Technology

Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, released the results of its 7th Annual Global Transportation Management Benchmark Survey.

PSA BDP announces Risk Monitor, a digital product solution to identify and manage supply chain risks

AJOT Newsroom | May 03, 2023 | Ports & Terminals | Equipment and Tech

PSA BDP, a leading provider of globally integrated and port-centric supply chain, transportation, and logistics solutions, has announced the launch of Risk Monitor, a new digital product designed to provide shippers and consignees with proactive risk monitoring and insight to prepare for and manage the challenges and potential disruptions in today’s complex world of international trade.

Coffee drinkers pay more as farmers prefer durians in Vietnam

Bloomberg | May 03, 2023 | International Trade | Commodity

Vietnam’s production of robusta coffee likely shrank this year to the smallest in four years as farmers focused more on growing durians and their attention was drawn away by a local property boom.

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