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SeaLand North America Trucking Update and Inland Tariff Change Effective April 14th

AJOT | March 21, 2018 | Maritime | Liner Shipping | Ports & Terminals | Ports

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First new crane begins work at Port of Savannah

AJOT | March 21, 2018 | Ports & Terminals | Terminals

Ship-to-shore fleet grows to 30 by the end of April; six more to arrive in 2020

The SolarWorld that loves Trump’s tariff, the one that doesn’t

Bloomberg | March 21, 2018 | International Trade

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SC Ports Authority Reports Record Container Volume through February Construction begins on Charleston Harbor Deepening Project 

AJOT | March 21, 2018 | Ports & Terminals | Ports

South Carolina Ports Authority reported a fiscal year-to-date container volume record of over 1.4 million twenty-foot equivalent container units (TEU) handled since July.

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Boeing Delivers First 737 MAX 9

AJOT | March 21, 2018 | Air Cargo | General

Added capacity of MAX 9 will launch new international routes

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Volga-Dnepr Group Appoints Tony Bauckham as Commercial Director for Charter Business

AJOT | March 21, 2018 | Air Cargo | Charters

Tony Bauckham has joined Volga-Dnepr UK, a global charter sales centre for Volga-Dnepr Airlines, as Commercial Director, reinforcing Volga-Dnepr Group’s strategy of building an international team to further its leadership ambitions in the global air charter market.

U.S. may delay steel tariffs for some nations wanting relief

Bloomberg | March 21, 2018 | International Trade

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U.S. International Transactions: Fourth Quarter and Year 2017

AJOT | March 21, 2018 | International Trade

Current-Account Balance, Fourth Quarter The U.S. current-account deficit increased to $128.2 billion (preliminary) in the fourth quarter of 2017 from $101.5 billion (revised) in the third quarter, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit was 2.6% of current- dollar gross domestic product (GDP) in the fourth quarter, up from 2.1% in the third quarter. The $26.7 billion increase in the current-account deficit mostly reflected increases in the deficits on goods and secondary income and a decrease in the surplus on primary income. Exports of goods and services and income receipts Exports of goods and services and income receipts increased $16.6 billion in the fourth quarter to $878.8 billion. • Goods exports increased $14.2 billion to $400.7 billion, mostly reflecting an increase in industrial supplies and materials, primarily petroleum and products. • Primary income receipts increased $6.0 billion to $243.9 billion, mostly reflecting increases in direct investment income and in portfolio investment income. • Secondary income receipts decreased $5.9 billion to $35.3 billion, partly offsetting the increases in goods exports and in primary income receipts. The decrease in secondary income receipts mostly reflected a decrease in U.S. government transfers, primarily fines and penalties. Imports of goods and services and income payments Imports of goods and services and income payments increased $43.3 billion to $1,006.9 billion. • Goods imports increased $33.1 billion to $614.9 billion, mostly reflecting increases in industrial supplies and materials, primarily petroleum and products, and in consumer goods except food and automotive. • Primary income payments increased $7.3 billion to $186.7 billion, primarily reflecting an increase in direct investment income. Capital Account, Fourth Quarter The balance on the capital account shifted to a deficit of less than $0.1 billion in the fourth quarter from a surplus of $24.9 billion in the third quarter. The third-quarter transactions reflected receipts from foreign insurance companies for losses resulting from hurricanes Harvey, Irma, and Maria. Financial Account, Fourth Quarter (tables 1, 6, 7, and 8) Net U.S. borrowing measured by financial-account transactions was $29.8 billion in the fourth quarter, a decrease from net borrowing of $121.8 billion in the third quarter. Financial assets Net U.S. acquisition of financial assets excluding financial derivatives decreased $172.8 billion to $177.9 billion. • Net U.S. acquisition of portfolio investment assets decreased $95.9 billion to $83.3 billion, reflecting a shift to net U.S. sales of foreign equity and investment fund shares from third-quarter net purchases. • Transactions in other investment assets shifted to net U.S. liquidation of $10.7 billion in the fourth quarter from net acquisition of $74.7 billion in the third quarter, mostly reflecting a shift to net foreign repayment of loans from third-quarter net U.S provision of loans to foreigners. Liabilities Net U.S. incurrence of liabilities excluding financial derivatives decreased $282.6 billion to $208.4 billion. • Net U.S. incurrence of portfolio investment liabilities decreased $211.5 billion to $84.9 billion, reflecting a decrease in net foreign purchases of U.S. long-term debt securities and a shift to net foreign sales of U.S. equity and investment fund shares from third-quarter net foreign purchases. • Net U.S. incurrence of direct investment liabilities decreased $49.6 billion to $54.1 billion, primarily reflecting a shift to net U.S. repayment of debt instrument liabilities from third-quarter net incurrence. • Net U.S. incurrence of other investment liabilities decreased $21.4 billion to $69.5 billion, reflecting largely offsetting changes in transactions in loan and deposit liabilities. In loans, transactions shifted to net U.S. repayment of loan liabilities from third-quarter net incurrence. In deposits, transactions shifted to net incurrence of deposit liabilities from third-quarter net foreign withdrawal of deposits in the United States.

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Solar photovoltaic costs are declining, but estimates vary across sources

AJOT | March 21, 2018 | Energy | Alternative

Costs for utility-scale solar photovoltaic (PV) systems have declined in recent years—most sources show that system costs on a per-watt basis have fallen about 10% to 15% per year from 2010 through 2016.

Africa signs free-trade deal to replace existing agreements

Bloomberg | March 21, 2018 | International Trade

New Samskip container service for Amsterdam Container Terminal

AJOT | March 21, 2018 | Maritime | Liner Shipping | Ports & Terminals | Canal and Waterway | Terminals

A new short-sea container service between Amsterdam and Hull will be formally inaugurated today (21 March 2018) with the first call of the 340-TEU vessel THEA II at Amsterdam Container Terminal (ACT).

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Pasha Hawaii returns Chinook Helicopters to the mainland after five years of military deployment in the aloha state  

AJOT | March 21, 2018 | Maritime | Liner Shipping | Ports & Terminals

HI-based Pasha Hawaii announced that it’s redelivering a dozen twin-bladed CH-47 Chinook helicopters from Pier 1 in Honolulu Harbor to the Mainland via the M/V Marjorie C on behalf of the Hawaii Army National Guard.   

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INTTRA expands carrier network with NAMSUNG shipping, Korea’s first private carrier

AJOT | March 21, 2018 | Logistics | Maritime

INTTRA, the largest neutral electronic transaction platform, software and information provider at the center of the ocean shipping industry, today announced an expansion of its rapidly growing carrier network with the addition of Korea's Namsung Shipping Co. Ltd.

US may delay steel tariffs for some nations wanting relief

Bloomberg | March 21, 2018 | International Trade

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Boosting cross-border e-Commerce In China

AJOT | March 21, 2018 | Logistics | Ports & Terminals

Damco, a global provider of freight forwarding and supply chain management service, today revealed ambitious plans to streamline cross-border e-commerce for its clients.

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China Cargo Airlines begins cargo flights between Shanghai-Pudong and Frankfurt

AJOT | March 21, 2018 | Air Cargo

A new cargo airline strengthens FRA as a cargo hub and improves its position in the Chinese market.

APL strengthens India subcontinent-Europe service India Pakistan Express 2

AJOT | March 21, 2018 | Maritime | Liner Shipping | Ports & Terminals | Terminals

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