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Aeroflot gains Level 4 NDC certification from IATA
| January 13, 2020 | Air Cargo | Freighters
Safe Bulkers extends partnership with Alfa Laval through a PureSOx Service Agreement including connectivity
| January 13, 2020 | Maritime | Bulk
ZIM Egypt - Black Sea Express (EBX) 2020 Seasonal Reefer Service to Commence on January
| January 13, 2020 | Maritime | Liner Shipping
Australia’s first Waste to Energy plant to be powered by Konecranes’ refuse cranes
| January 13, 2020 | Ports & Terminals | Equipment and Tech
EROAD appoints North American Director
| January 13, 2020 | Shipping Technology | People | Appointments
EROAD today announces the appointment of Barry Einsig to the Board as a North American based independent director. Located in Pennsylvania, Mr Einsig brings considerable transport knowledge of the North American market as well as global automated and connected vehicle expertise.
MLex Insight: Trump’s metal tariffs, justified by national security, probed by US Federal Circuit
| January 13, 2020 | International Trade
Wholesale electricity prices were generally lower in 2019, except in Texas
| January 13, 2020 | Energy | By The Numbers
Record-high electricity demand in the summer led to much higher 2019 wholesale electricity prices in the Electric Reliability Council of Texas (ERCOT) electricity market.
Oil prices poised for slide as tensions cool
| January 13, 2020 | Energy | By The Numbers
Dramatic initial price reaction to US-Iranian hostilities in Persian Gulf, although less than before the US shale revolution Oil prices have had a tumultuous week since the US launched a drone attack in Baghdad, killing Iranian General Qassem Soleimani. With tensions peaking after the US and Iran traded missile attacks, oil markets priced in a risk premium. However, as long as the flow of oil barrels to the market is not affected, Rystad Energy continues to see a downward risk to prices, with further pressure on OPEC to implement even deeper production cuts in order to keep Brent oil prices around $60 per barrel through 2020. “It is important to look beyond the rhetoric of the headlines and focus on market fundamentals – including the continued rise of non-OPEC oil supply led by US shale, and flat demand growth – which all points to a surplus, not a deficit, in oil balances in 2020,” says Bjørnar Tonhaugen, Head of Oil Market Research at Rystad Energy. “Prospects of Brent prices slipping below $60 per barrel – even in the midst of an intense geopolitical flare up in the Middle East – are entirely plausible.” Oil prices still react dramatically to news of tensions in the Persian Gulf, although less dramatically now than they would have before the US shale revolution. The importance of the region for oil markets is obvious, given that seven Gulf countries alone – Saudi Arabia, Iraq, UAE, Kuwait, Iran, Oman and Qatar – produced around 24 million bpd of crude oil in December 2019. 20200110_PR_CrudeProductionMiddleEast.PNG “With the regime in Tehran under heavy sanctions, Iran is no longer an official major global oil producer. This means the real risk of a conflict between the US and Iran gets pushed to neighboring Iraq, where 5,000 American troops are stationed and where Iran is wrestling for political power. Any proxy war played out in Iraq would put the country’s nearly 4.7 million bpd of crude oil and condensate production as risk,” states Tonhaugen. However, one key reason that geopolitically-driven oil price swings are now more subdued relates to the stabilizing effect of US shale oil production on global oil supplies. The stellar growth of shale has introduced a significant counterweight to the market, as it helps to absorb disruptive events such as the September drone attack on Saudi Arabian oil infrastructure and the geopolitical tensions that followed the assassination of General Soleimani. Rystad Energy forecasts that the ‘call’ on OPEC (in other words, the market demand for OPEC oil) will average about 28.3 million bpd during the final nine months of 2020. By comparison, OPECs actual production in December 2019 was 29.6 million bpd, and the cartel’s new implied production target for the first quarter of 2020 is 29.2 million bpd.
Large crane part moves through JAXPORT
| January 13, 2020 | Project / Heavy Lift
Skilled dock workers with port partner Patriot Ports moved an oversized crane support beam through JAXPORT’s Talleyrand Marine Terminal this week. The equipment, part of a ship’s onboard crane, is 120 feet in length and weighs 25 metric tons.
Europe Looks to Follow China’s Lead Taming Trump on Trade
TSMC Hires Ex-Intel Lobbyist to Deal With U.S.-China Tensions
| January 13, 2020 | International Trade
Billionaire Targeted by Greta Thunberg Undeterred by Coal Protesters
| January 13, 2020 | International Trade
The Indian conglomerate coming under increasing pressure over its controversial coal mine in Australia said it won’t let protests dissuade it from completing the project.
No Soul Searching for Xi Jinping After Taiwan Rebuffs China in Election
| January 12, 2020 | International Trade
Multiple Failures Led to Iran’s Accidental Attack on Jetliner
| January 12, 2020 | Air Cargo | Airlines
Diesel Exporter India Buying From Offshore Before Emission Rules
| January 12, 2020 | Energy
China Says Western Sanctions Against Zimbabwe Must Be Removed
| January 12, 2020 | International Trade
Trump Trade Deal Raises Issue of Trusting China to Deliver
| January 12, 2020 | International Trade
After three years of tweets and tariffs, President Donald Trump has arrived at his China moment.
U.S. Considers Resuming Semi-Annual Talks With China For Reforms
| January 11, 2020 | International Trade
The Treasury Department is proposing that the Trump administration revive twice-yearly talks with China to discuss the economic relationship between the countries, according to people familiar with the matter.
Storm Grounds U.S. Flights, Whips Up Tornadoes, Toasts East
| January 11, 2020 | Air Cargo | Airports
Canada Oil Sands Threatened With Price Drop Below Key Level
| January 10, 2020 | Energy
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