Transportation News, Logistics, Ports and Trade

Ports & Terminals

AJOT Newsroom | October 23, 2020

Deep water berth extension at Port of Halifax fully operational

The South End Container Terminal extension at the Port of Halifax is now complete and is fully operational. The first vessel to call on this expanded piece of critical infrastructure, operated by PSA Halifax, is the Zim Tarragona which arrived on October 23, 2020.

OOCL Asia-Europe trade – service enhancement

AJOT Newsroom | October 23, 2020 | Maritime | Liner Shipping

US Department of Commerce strengthens commercial ties and expands digital attaché program in the UAE

AJOT Newsroom | October 23, 2020 | International Trade

Drewry port throughput indices for October

AJOT Newsroom | October 23, 2020 | Ports & Terminals

The Drewry Container Port Throughput Indices are a series of volume growth/decline indices based on monthly throughput data for a sample of over 235 ports worldwide, representing over 75% of global volumes. The base point for the indices is January 2012 = 100.

Ware raises funding to advance warehouse innovation, drone technology

AJOT Newsroom | October 23, 2020 | Logistics

Ware, a technology startup deploying autonomous drones for warehouse inventory counting, has closed $2.5 million in seed-round funding, led by UP Partners, with participation from Bloomberg Beta, 2048 Ventures, Tom McInerney—angel investor in companies like Uber—and drone industry expert Adam Bry, CEO of Skydio. The funding will be used for building out the team to further Ware’s artificial intelligence capabilities and support customers as they deploy their technology.

Oil drops with Libya boosting production in coming weeks

Bloomberg | October 23, 2020 | Energy

IAG Cargo restarts London to Tokyo, enhancing global network offering

AJOT Newsroom | October 23, 2020 | Air Cargo | Freighters

IAG Cargo has restarted its direct service from the United Kingdom to Tokyo. The service will run year-round, three times per week from London Heathrow.

Successful rollout at Gebrüder Weiss: 1,000 customers using myGW

AJOT Newsroom | October 23, 2020 | Logistics

With only a month having passed since its launch, the new digital customer portal of Gebrüder Weiss has already reached the one-thousand-customer mark: the corrugated cardboard plant TEWA GmbH in Carinthia is the 1,000th customer to have integrated myGW into its processes. The myGW platform provides customers with real-time cross-divisional information about their flow of goods for land transport, air and sea freight, and warehouse logistics.

International Trade

Bloomberg | October 23, 2020

China loading up on sorghum gives century-old trader a boost

Eight months after the phase-one trade deal entered into force, China is loading up on American sorghum, with the cereal giving a 128-year-old trading company a boost.

An agreement made to explore the possibilities of green hydrogen export from Iceland to Rotterdam

AJOT Newsroom | October 23, 2020 | Ports & Terminals

Landsvirkjun, the National Power Company of Iceland, and the Port of Rotterdam have signed a Memorandum of Understanding ("MOU”) to perform a pre-feasibility study of exporting green hydrogen from Iceland to Rotterdam. According to the MOU, the parties also agree to the exchange of knowledge, with the aim of exploring new opportunities of cooperation related to hydrogen.

Utility-scale battery storage costs decreased nearly 70% between 2015 and 2018

AJOT Newsroom | October 23, 2020 | Energy

The average energy capacity cost of utility-scale battery storage in the United States has rapidly decreased from $2,152 per kilowatthour (kWh) in 2015 to $625/kWh in 2018. Battery storage systems store electricity produced by generators or pulled directly from the electric power grid and redistribute the power later as needed. At the end of 2018, the United States had 869 megawatts (MW) of installed battery power capacity (the maximum amount of power a battery can provide at a given moment) and 1,236 megawatthours (MWh) of battery energy capacity (the total amount of energy that can be stored by a battery).

France weighs Brexit fish offer while protecting industry

Bloomberg | October 23, 2020 | International Trade

Floods, drought are destroying crops and sparking food inflation

Bloomberg | October 23, 2020 | International Trade | Commodity

Kalmar continues long-term collaboration with Patrick Terminals with new order for AutoStrads

AJOT Newsroom | October 23, 2020 | Ports & Terminals

US out to seize jet entrepreneur’s $22 million Bel Air mansion

Bloomberg | October 23, 2020 | Air Cargo | Airlines | Energy

Maritime

AJOT Newsroom | October 23, 2020

Suspension of overseas ag container shipments is blow to US ag community

Specialty Soya and Grains Alliance members were shocked to learn this week that shipments of agricultural products by containers are being discontinued by a major shipping line, effective immediately and for the foreseeable future.

Fed cements dollar dominance, fueling record overseas borrowing

Bloomberg | October 23, 2020 | International Trade

Overseas borrowers have flocked to the dollar this year at a record pace, with sovereigns from Indonesia to Colombia and companies from Nissan Motor Co. to Manila’s water utility racking up sales of $1.29 trillion.

Port of Barcelona reduces its carbon footprint by 20%

AJOT Newsroom | October 23, 2020 | Ports & Terminals

The Port of Barcelona has reduced its CO2 emissions by 20% and becomes the first port in the world to achieve the Lean & Green initiative star, promoted by the Association of Manufacturers and Distributors (AECOC), for achieving this goal over a maximum five years through a set of concrete actions.