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Bloomberg | February 20, 2023

Top Chinese scientists sketch out plans to thwart US chip curbs

Key members of China’s most influential scientific body have outlined the country’s plan to circumvent US chip sanctions for the first time, codifying Beijing’s view of how it could win a crucial technological conflict with Washington.

G-7 and EU looking at ways to track and trace Russian diamonds

Bloomberg | February 19, 2023 | International Trade | Commodity

Hong Kong Airport’s passenger volume surges as China reopens

Bloomberg | February 19, 2023 | Air Cargo | Airports

Northern Ireland enjoys a Brexit dividend — but for how long?

Bloomberg | February 19, 2023 | International Trade

Ohio Senator blames corporate greed for train crash, toxic spill

Bloomberg | February 19, 2023 | Intermodal | Rail

Ohio Senator Sherrod Brown said corporate maneuvers that favor shareholders and company executives are to blame for safety lapses leading up to a train derailment that spilled toxic chemicals in a town in his home state.

US plans new Russia export controls, sanctions on key industries

Bloomberg | February 19, 2023 | International Trade | Commodity

President Joe Biden’s administration is planning to impose new export controls and a fresh round of sanctions on Russia, targeting key industries a year after Vladimir Putin started his invasion of Ukraine.

Korean Air’s Asiana bid faces in-depth EU merger probe

Bloomberg | February 18, 2023 | Air Cargo | Airlines

Intermodal

Bloomberg | February 18, 2023

Bungled messaging over Ohio train crash allowed chaos to reign

Gary Stevenson, the mayor of Paulsboro, New Jersey, is still troubled by the disastrous messaging that surrounded a dangerous train derailment in his town more than a decade ago. The communications meltdown now troubling Norfolk Southern Corp. is worse.

Norfolk Southern draws on credit line after Ohio train crash

Bloomberg | February 18, 2023 | Intermodal | Rail

China’s Baowu seeks deeper ties with Rio Tinto on iron ore trade

Bloomberg | February 18, 2023 | International Trade | Commodity

Russia’s shadow oil tanker fleet becomes everyone else’s problem

Bloomberg | February 18, 2023 | Energy | Maritime | Bulk

ICTSI outlines its vision for Australia’s biggest port

AJOT Newsroom | February 17, 2023 | Ports & Terminals

Global port operator International Container Terminal Services Inc. (ICTSI) has outlined a significant proposal for the expansion of the Victoria International Container Terminal (VICT), its 100 percent owned subsidiary in the Port of Melbourne, Australia. The proposal would dramatically increase efficiencies and pave the way for larger ships to berth at Australia’s pre-eminent port.

A deep dive into Asia’s container trade | Container xChange Asia Market Update February 2023

AJOT Newsroom | February 17, 2023 | Maritime | Liner Shipping

The current situation in the global shipping industry is complex, as container rates are experiencing a significant decline, with contract rates moving closer to spot rates.

Global logistics business Gebrüder Weiss expands with new warehouse location in Elgin, Illinois

Gebrüder Weiss | February 17, 2023 | Logistics

International Freight Forwarder Adds New Location to Keep Pace with its Business Growth in the U.S.

Cash crisis hits Nigeria cocoa exports in fresh blow to world supply

Bloomberg | February 17, 2023 | International Trade | Commodity

Nigeria’s cocoa exports are coming under threat from a shortfall of cash to pay laborers and transporters, further straining global supply.

Next-generation Japanese rocket aborts before launch

Bloomberg | February 17, 2023 | Air Cargo | Technology

Marine Repair Services-Container Maintenance Corp expands Dallas depot footprint, purchases land

Marine Repair Services - Container Maintenance Corp | February 17, 2023 | Intermodal | Rail | Trucking

The Marino Group's Marine Repair Services - Container Maintenance Corporation (MRS-CMC), a leading provider of intermodal services, announced today it has expanded its Dallas depot, growing from 15 acres to 25 acres to meet the needs of the market. In addition, the company announced it purchased the land, which is located less than a mile from Union Pacific Dallas Intermodal Terminal; the company has been leasing the original depot property since 2016.

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