Transportation News, Logistics, Ports and Trade

Logistics

AJOT Newsroom | March 30, 2023

3PL signs long-term lease for CenterPoint Development in Linden, NJ

CenterPoint Properties has preleased a development under construction near Port Newark-Elizabeth to New Jersey-based CODA Logistics and Distribution.

Maritime

AJOT Newsroom | March 30, 2023

Ports of Indiana issues RFQ for new operator of International Ag Shipping Terminal on Lake Michigan

7-million-bushel multimodal facility to have first new operator in 44 years

The world’s most important oil price is about to change for good

Bloomberg | March 30, 2023 | Energy

After years of wrangling, the world’s most important oil price is about to be transformed for good, allowing crude supplies from west Texas to help determine the price of millions of barrels a day of petroleum transactions.

Manchin threatens to fight Treasury over EV tax credit rules

Bloomberg | March 30, 2023 | Energy | Alternative | Green Shipping

West Virginia Senator Joe Manchin ramped up criticism of the US Treasury Department over its upcoming interpretation of content rules for electric vehicle tax credits, which he suspects will be too broad and generous to foreign suppliers.

Ports America testifies on behalf of NAWE at the Coast Guard and Maritime Transportation Subcommittee hearing

AJOT Newsroom | March 30, 2023 | Ports & Terminals | Terminals

Seaspan announces completion of acquisition of Atlas by Poseidon Acquisition Corp.

AJOT Newsroom | March 30, 2023 | Maritime | Liner Shipping

Hyundai GLOVIS partners with GoodFuels on first biofuel bunkering for a Korean flagged PCTC vessel

GoodFuels, the leading biofuels provider for the global transport industry, has announced the successful completion of a first biofuel bunkering in collaboration with Hyundai GLOVIS, a global total logistics and distribution company. The bio-bunkering is the first for a Korean flagged PCTC (Pure Car and Truck Carrier) vessel and marks a new milestone for Hyundai GLOVIS as biofuels take a central role in the company’s sustainability strategy.

FMCSA denies TIA petition, grants rule making on rate intrusion

AJOT Newsroom | March 30, 2023 | Trucking

Taiwan is pushing Biden for a tax deal that could infuriate China

Bloomberg | March 30, 2023 | International Trade

President Joe Biden wants to bring the world’s most sophisticated chipmakers to the US. Taiwan says he should offer them a better tax deal –- one that could infuriate China.

Russia still uses Western insurance for half of oil shipments

Russia still relies on Western insurers to cover more than half of the tanker fleet that exports its oil, according to data compiled by Bloomberg, and the country’s energy officials are voicing concerns about the situation.

Lufthansa nears ITA Airways deal as shared business plan agreed

Bloomberg | March 30, 2023 | Air Cargo | Airlines

Italy state-owned carrier ITA Airways approved a business plan shared with Deutsche Lufthansa AG, a further step toward selling a minority stake to the German airline.

Jacksonville business and civic leader Gilvarry appointed to JAXPORT’s Board of Directors

AJOT Newsroom | March 30, 2023 | Ports & Terminals | People | Appointments

Jacksonville Mayor Lenny Curry has appointed Jacksonville business and civic leader Soo Gilvarry to JAXPORT’s Board of Directors. The Jacksonville City Council unanimously approved Gilvarry's appointment on March 28.

ATA applauds bipartisan, bicameral truck parking legislation

AJOT Newsroom | March 30, 2023 | Trucking

NATSO commends lawmakers for re-introducing Truck Parking Safety Improvement Act

AJOT Newsroom | March 30, 2023 | Trucking

Konecranes’ new Zero4 program to receive EUR 70 million from Business Finland to unlock industrial productivity

AJOT Newsroom | March 30, 2023 | Ports & Terminals | Equipment and Tech

Konecranes today launched its new Zero4 research and innovation program to improve the industrial productivity and competitiveness of Finnish companies.

Xeneta container rates alert: global long-term container rates down by a quarter since August 2022

AJOT Newsroom | March 30, 2023 | Maritime | Liner Shipping

Nor-Shipping launches Ocean Campus in partnership with World Maritime University

AJOT Newsroom | March 30, 2023 | Maritime

Nor-Shipping is launching a fresh initiative to strengthen and support the pipeline of new talent entering the world of maritime and ocean business.

Venture studio Flagship Founders closes €3.5 million funding round

AJOT Newsroom | March 30, 2023 | Maritime | Technology

• Flagship Founders has successfully developed a new approach to building digital ventures in the maritime industry. • The Berlin-based venture studio attracted F. Laeisz GmbH, Starthub Ventures, Philipp Ahrenkiel and others as investors for their seed funding round. • With the new capital, the company will build further ventures and expand the team.

Iraq joins TIR to boost trade and economic development

AJOT Newsroom | March 30, 2023 | Ports & Terminals | Trucking

The Republic of Iraq, at the crossroads of several trade routes in the Middle East, has become the 78th country to accede to the United Nations TIR Convention.