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OSRL increases SWIS air freight capability with new transport skid for Singapore capping stack

AJOT | July 30, 2019 | Air Cargo | Airports | Airlines

OSRL has announced the order for a second AN-124 aircraft transport skid with L+M AG for the Singapore located capping stack to further enhance the air freight capabilities of the Subsea Well Intervention Service (SWIS) as requested and supported by our subscribers.

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U.S. Gain hires Mills to grow West Coast presence

AJOT | July 30, 2019 | Energy

U.S. Gain®, a leader in development, procurement and distribution of renewable natural gas (RNG) for the transportation market, is excited to announce the hiring of Marten Mills to its business development team.   In his new position with U.S. Gain, Mills will help the company find RNG dispensing opportunities in the Northern California and Pacific Northwest markets. He brings more than 12 years of experience in natural gas station design and construction.  

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Port of Savannah moves record 4.5M TEUs

AJOT | July 30, 2019 | Ports & Terminals

The Port of Savannah moved a record 4.5 million twenty-foot equivalent container units in the fiscal year that ended June 30, an increase of more than 305,000  TEUs or 7.3 percent.

Hong Kong leader sees no room for economic optimism on trade war

Bloomberg | July 30, 2019 | International Trade

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Port of Boston sets new record in cargo volumes

AJOT | July 30, 2019 | Ports & Terminals

The Massachusetts Port Authority (Massport) announced another record year for the Port of Boston’s Paul W. Conley Container Terminal. From July 2018 through June 2019, Conley handled 307,331 twenty-foot equivalent units (TEUs) – an 8% increase in cargo volumes over FY2018 and a new all-time record for the fifth consecutive year. Total imports also rose by 12% over FY18 to 152,960 TEUs in advance of pending tariffs.

Trump lashes out at China as trade talks resume

Bloomberg | July 30, 2019 | International Trade

Trump’s bid to dismantle global trading system poised for a win
International Trade
Bloomberg | Top Story | July 30, 2019

Trump’s bid to dismantle global trading system poised for a win

President Donald Trump’s assault on the World Trade Organization -- and the global system of rules that guide international businesses -- may be quietly scoring a major victory.
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Masonville Cove Campus fully reopens after bald eagles complete nesting season

AJOT | July 30, 2019 | Ports & Terminals

The Masonville Cove Environmental Education Center campus has fully reopened after temporary restrictions to protect of a pair of nesting bald eagles were lifted this month.

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Evans appoints new Director of Marketing

AJOT | July 30, 2019 | Logistics | People | Appointments

Evans Distribution Systems, a provider of third-party logistics and supply chain solutions, has brought on Morgan Zenner as Director of Marketing.

Trump targeting rust belt leaves Democrats playing catch up

Bloomberg | July 30, 2019 | International Trade

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FIS Air Freight Report July 30, 2019

AJOT | July 30, 2019 | Air Cargo | General

Initial Q4 trading interest has drastically adjusted forward price outlook, dropping 21 cents away from the journalistic forward curve. Immediate JUL and AUG changes on both CN to US and EU fall in line with the ongoing spot market.

China tries to woo US trade team with Shanghai jazz-age glamor
International Trade
Bloomberg | Top Story | July 30, 2019

China tries to woo US trade team with Shanghai jazz-age glamor

Chinese trade negotiators are set to host their U.S. counterparts at a landmark of jazz-era Shanghai on the city’s riverside Bund, re-opening trade talks with a marked change of atmosphere after an almost three-month hiatus.
Trump cites ‘problem with China’ on trade, sending futures lower

Bloomberg | July 30, 2019 | International Trade

Huawei sales growth slumps as US sanctions start to bite

Bloomberg | July 30, 2019 | International Trade

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Lufthansa earnings deepen aviation gloom as fare war bites

Bloomberg | July 30, 2019 | Air Cargo | Airlines

Deutsche Lufthansa AG said threats to its financial outlook are mounting after a fare war and stuttering global economy dented second quarter-earnings, adding to the gloom surrounding Europe’s airline industry.

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Foreign firms look to make India global wind turbine export hub

Bloomberg | July 30, 2019 | International Trade

Global wind turbine makers are expanding manufacturing capacity in India to boost exports from the South Asian nation even as the country’s domestic industry faces headwinds.

Hong Kong train disruptions show protests becoming daily affair

Bloomberg | July 30, 2019 | Intermodal | Rail

Singapore gives fresh push to China’s infrastructure vision

Bloomberg | July 30, 2019 | Intermodal | Trucking

UK will push EU to negotiate a new Brexit deal within weeks

Bloomberg | July 30, 2019 | International Trade

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Lighthizer says Vietnam must cut its trade surplus with US

Bloomberg | July 29, 2019 | International Trade

Vietnam must take steps to cut its trade surplus with the U.S., Trade Representative Robert Lighthizer said in comments released Monday, as the Trump administration ramps up pressure on the Southeast Asian country.

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