Transportation News, Logistics, Ports and Trade

Capesize Bulker “Wakashio” aground off Mauritius (Update 5)

AJOT Newsroom | August 19, 2020 | Maritime | Bulk

United Airlines Doubles Service Between San Francisco and Shanghai

AJOT Newsroom | August 19, 2020 | Air Cargo | Airlines

MSC CUC update from Far East Eastbound Cargo to USA

AJOT Newsroom | August 19, 2020 | Maritime | Liner Shipping

John Henshaw named Connecticut Port Authority Executive Director

Once the costliest for deepwater opex, South America emerges as cost-saving champion in 2020

AJOT Newsroom | August 19, 2020 | Energy | Conventional | By The Numbers

South America has made a cost-cutting leap since 2013, when it was the world’s most expensive region for deepwater oil and gas production costs.

WTO tempers hopes for a V-shaped rebound, sees L-shape possible

Bloomberg | August 19, 2020 | International Trade

China’s Xi visits flood-hit Anhui Province in sign that summer conclave is over

Bloomberg | August 19, 2020 | International Trade

U.S. curbs on Huawei may impact South Korea’s recovery

Bloomberg | August 19, 2020 | International Trade

New U.S. restrictions against Huawei Technologies Co. threaten to weigh on South Korea’s economy, which is counting on chip exports to China to drive its rebound from the coronavirus pandemic.

Israeli peace deal coaxes UAE investors out of the shadows

Bloomberg | August 19, 2020 | International Trade

Trump cancels China talks, raising questions about trade deal

Bloomberg | August 18, 2020 | International Trade

President Donald Trump said he called off last weekend’s trade talks with China, raising questions about the future of a trade deal that is now the most stable point in an increasingly tense relationship.

Trump administration weighs tighter sanctions on Venezuelan oil

Bloomberg | August 18, 2020 | Energy | Conventional

Covid hit 20% of meat workers in no. 1 chicken exporter Brazil

Bloomberg | August 18, 2020 | International Trade

One in five workers at Brazil’s meat plants have been infected with coronavirus, according to union estimates. That would make the country home to one of the world’s worst workplace outbreaks.

Bain on hook for $543 million break fee If Virgin deal fails

Bloomberg | August 18, 2020 | Air Cargo | Airlines

Bain Capital has agreed to pay A$750 million ($543 million) should it fail to buy Virgin Australia Holdings Ltd., an unusually high break fee that helped win over the collapsed airline’s administrator.

Trudeau outlines ‘Expansionist Strategy’ with Freeland on board

Bloomberg | August 18, 2020 | International Trade

Amazon makes it harder for sellers to avoid shipping service

Bloomberg | August 18, 2020 | Logistics | Integrators

International Trade

Bloomberg | August 18, 2020

Trump pledges tax credits, tariffs to redirect jobs from China

President Donald Trump said he’ll punish American companies that move jobs abroad and reward firms with tax breaks for shifting work from China to the U.S., proposals aimed at hastening the decoupling of the world’s largest economies.

ATA Truck Tonnage Index Fell 5.1% in July

AJOT Newsroom | August 18, 2020 | Intermodal | Trucking | By The Numbers

FMCSA approves IANA’s exemption request for equipment inspectors’ training

AJOT Newsroom | August 18, 2020 | Intermodal

Volga-Dnepr steps in to speed up completion of power plant project in Vietnam

AJOT Newsroom | August 18, 2020 | Air Cargo | Freighters

Volga-Dnepr Airlines, the world’s leader in oversized and super-heavy air cargo transportation, has once again demonstrated agility and flexibility while organizing a charter flight with high voltage equipment onboard to empower construction of a 450MW solar power plant in Vietnam.