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China’s new stock champions face growing waves of trade probes

Energy

Bloomberg | Top Story | April 22, 2024

China’s new stock champions face growing waves of trade probes

China’s most-promising industries are facing a growing threat of trade restrictions from Western governments, blurring the outlook for stocks that have the potential to fuel the nation’s market growth.

Oil market sees Iran sanctions having muted impact on exports

Bloomberg | April 22, 2024 | Energy

AFC joins $20 billion Morocco-to-UK subsea power export project

Bloomberg | April 22, 2024 | Energy | Alternative

UK exports fewer goods after Brexit, tilting economy to services

Bloomberg | April 22, 2024 | International Trade

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Descartes acquires ASD

AJOT | April 22, 2024 | Shipping Technology

Strengthens Descartes’ customs and regulatory compliance footprint

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Woodland Group powers ahead with green energy solution

Woodland Group has announced its largest solar installation to date at its 130,000 square foot facility in Doncaster, UK.

Fusion Transport addresses escalating cargo theft concerns in logistics industry

AJOT | April 22, 2024 | Logistics | Trucking

Wan Hai exec says Port of Oakland has growth potential & challenges

Maritime

Stas Margaronis | Top Story | April 22, 2024

Wan Hai exec says Port of Oakland has growth potential & challenges

The Port of Oakland has the potential to grow as a port, especially with agricultural exports if it fast-tracks new investments in transloading, refrigeration, rail services and a turning basin widening, according to Andrew Hwang, Director of Transpacific Export and Government Affairs, Wan Hai Lines.

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Port of Detroit announces bold plan to decarbonize port operations and improve air quality

AJOT | April 22, 2024 | Green Shipping | Ports & Terminals

• Experts find Port of Detroit’s carbon emissions total almost 28,000 metric tons • Sets out roadmap to net zero carbon emissions by 2040 • Highlights actions that can be taken for immediate reductions in emissions • Collaboration among private terminal operators has been and will continue to be key to achieving plan’s goals

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Geopolitical volatility keeps Year to Date (YTD) container leasing rates elevated

AJOT | April 22, 2024 | Maritime | Liner Shipping

• China to North America leasing rates surge in Q1 2024 to new levels as compared to 2023, stay elevated in April • Ex China to Russia, India and Canada YTD container trading activity remains strong • Demand for containers in China, US and Mexico stays elevated in Q1 2024

Emirates needs time to clear flood backlog as Clark says sorry

Bloomberg | April 22, 2024 | Air Cargo | Airlines

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Lagarde reiterates Europe, US shouldn’t engage in subsidy race

Bloomberg | April 22, 2024 | International Trade

European Central Bank President Christine Lagarde reiterated that Europe and the US should avoid excessively offering economic perks in a bid to boost growth.