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FIS Air Freight Report September 2, 2019

AJOT | September 03, 2019 | By The Numbers

China to Europe spot rates continue to sink beyond the August levels, with the basket dropping a further 3 cents. This softening has since lost momentum over the past few weeks, with the forward market pricing in a slower price rise at the end of Q3. Q4 is still uncertain, with forward market trading activity unlikely to build until the end of September.

Dreary: Reefer container equipment availability to remain tight

AJOT | September 03, 2019 | Maritime | Liner Shipping | By The Numbers

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Liebherr hands over 14th STS crane to DCT Gdansk

AJOT | September 03, 2019 | Ports & Terminals | Equipment and Tech

Just as DCT Gdansk played host to the world’s largest container vessel, the MSC Gülsün, Liebherr Container Cranes Ltd. prepared to hand over a state-of-the-art, ultra-large container crane to the DCT terminal.

American Club issues hurricane season safety briefing

AJOT | September 03, 2019 | Maritime

Cargolux sales enters digital era

AJOT | September 03, 2019 | Air Cargo | Freighters

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DAT: Pricing remains stable in late summer

AJOT | September 03, 2019 | By The Numbers

Truckload rates remained stable on the spot market, with gains and losses largely offsetting each other across the country. Load-to-truck ratios fell for vans, reefers, and flatbeds, but that trend could reverse as we approach Labor Day.

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Average U.S. construction costs for solar generation continue to decrease

AJOT | September 03, 2019 | Energy | Alternative | By The Numbers

According to 2017 data from the U.S. Energy Information Administration (EIA) for newly constructed utility-scale electric generators in the United States, annual capacity-weighted average construction costs for solar photovoltaic systems continued to decrease.

PSA International acquires Penn Terminals

Ports & Terminals

AJOT | Top Story | September 03, 2019

PSA International acquires Penn Terminals

PSA International Pte Ltd (PSA) has completed the acquisition of Penn Terminals (Penn) located on the Delaware River, United States of America (USA), from Macquarie Infrastructure Partners, a fund managed by Macquarie Infrastructure and Real Assets, following formal approval by the relevant regulatory authorities.

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Cargo thefts in the Emea region exceed €305,000 a day

AJOT | September 03, 2019 | International Trade

Thefts of products from supply chains in the Europe, Middle East & Africa (EMEA) region exceeded €55 million or more than €305,000 a day in the first six months of 2019, according to new incident data reported to the Transported Asset Protection Association (TAPA), the world’s leading Security Expert Network for everyone in the supply chain.

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Sovcomflot’s crude oil tanker first to cross Northern Sea Route using LNG fuel

AJOT | September 03, 2019 | Maritime | Bulk

On 2 September 2019 at 08:20 Moscow time, Korolev Prospect, Sovcomflot’s LNG-fuelled Aframax crude oil tanker, successfully completed a commercial voyage along the Northern Sea Route (NSR).

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Mobile Substation sails from Spain to Panama

AJOT | September 03, 2019 | Project / Heavy Lift

Kaleido Logistics from Spain cooperated with Quality Freight Intl. from Panama to safely move a mobile substation on the Ro-ro vessel MV Torrens from Vigo, Spain to the Port of Manzanillo, Panama and further 300 kilometer inland to the final jobsite at La Arena, Chitre. Both companies are the members to the Worldwide Project Consortium (WWPC) for their respective countries.

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Two more Damen tugs for Ecuador harbour support

AJOT | September 03, 2019 | Ports & Terminals | Equipment and Tech

Damen Shipyards Group has sold two Azimuth Stern Drive (ASD) Tugs to Ecuador-based DLEN S.A. The vessels will give tug assistance during bunkering operations to Corpetrolsa’s fleet of tankers, a subsidiary of DLEN, as well as other vessels entering the ports of Esmeraldas and La Libertad.

CMA CGM PSS update: Cargo from the USA to Apapa and Tin Can, Nigeria

AJOT | September 03, 2019 | Maritime | Liner Shipping

CMA CGM PSS update: Cargo from Europe and the Mediterranean to Apapa and Tin Can, Nigeria

AJOT | September 03, 2019 | Maritime | Liner Shipping

CMA CGM PSS update: Cargo from Asia, ISC & Gulf, Canada & South America, Africa to Apapa and Tin Can, Nigeria

AJOT | September 03, 2019 | Maritime | Liner Shipping

Boris Johnson meets rebels before Parliament showdown

International Trade

Bloomberg | Top Story | September 03, 2019

Boris Johnson meets rebels before Parliament showdown

It will be another day of political drama, as members of Parliament try to grab control of the agenda to force Prime Minister Boris Johnson to ask for a Brexit extension if he can’t get a better deal with the European Union. Johnson has threatened a snap election, saying he needs to be able to keep no-deal Brexit on the table to negotiate.