Transportation News, Logistics, Ports and Trade

Atlas Air and Southern Air provide interim pay increase for pilots in agreement with union

AJOT Newsroom | May 08, 2020 | Air Cargo | Airlines

South Africa Urged to End Lockdown Soon as Economy Bleeds Jobs

Bloomberg | May 08, 2020 | International Trade

Indonesia Weighs Easing Lockdown From June to Save Economy

Bloomberg | May 08, 2020 | International Trade

International Trade

Bloomberg | May 08, 2020

China Stocks Top Key Technical Level on Trade, Policy Optimism

A Chinese stock benchmark pushed through its latest technical barrier Friday amid optimism on U.S. trade relations. But when the 100-day moving average for the CSI 300 Index was previously broken in February, it didn’t bring a lasting rally.

India’s Top Airline to Put Some Staff on Leave Without Pay

Bloomberg | May 08, 2020 | Air Cargo | Airlines

China-Backed Trade Bloc Seeks India’s Return to Complete Deal

Bloomberg | May 08, 2020 | International Trade

Sales of Medical Gear Likely Aided China’s April Export Surprise

Bloomberg | May 08, 2020 | International Trade

Scientists Develop Plasma Thruster That Could One Day Power Planes

Bloomberg | May 08, 2020 | Air Cargo | Technology

Person on Austin, Texas, Runway Killed as Southwest Plane Lands

Bloomberg | May 07, 2020 | Air Cargo | Airports

International Trade

Bloomberg | May 07, 2020

Pandemic’s Economic Toll Sparks New Call in U.S. to Abolish WTO

The World Trade Organization is coming under fresh criticism from Washington, this time from a Midwestern lawmaker who sees the coronavirus pandemic as an opportunity to rebuild America’s standing in the global economy.

Oil Slips With Glut Concerns Reversing Saudi Price Hike Boost

Bloomberg | May 07, 2020 | Energy | Conventional

Oil fell in a day of wild price swings as investors weighed supply-and-demand fundamentals against Saudi Arabia’s global price hike.

United Airlines Sees Weak Demand for $2.25 Billion Junk Bond

Bloomberg | May 07, 2020 | Air Cargo | Airlines

Ports & Terminals

Bloomberg | May 07, 2020

Dow Explores Sale of Its Ports, Storage, Rail Businesses

Dow Inc. is exploring the sale of its ports on the U.S. Gulf Coast and six railway hubs as it refocuses on chemicals, according to people with knowledge of the matter.

Konecranes wins Fennia Prize 20 award for its innovative S- and C-series lifting products

AJOT Newsroom | May 07, 2020 | Ports & Terminals

Konecranes’ benchmark-setting S-series cranes and C-series hoists have been recognized by Design Forum Finland, winning the 2020 Fennia IPR Excellence prize for the protection of intellectual property rights and with the S-series earning honorable mention for the top design award.

ICTSI 1Q2020 reduction in net income reflects impact of COVID-19 – down 18% to US$59.6M

AJOT Newsroom | May 07, 2020 | Ports & Terminals

Odfjell SE 1Q20: Improved results despite a market facing several uncertainties

AJOT Newsroom | May 07, 2020 | Maritime | Bulk

OOCL trans-Pacific trade – service update for May and June

AJOT Newsroom | May 07, 2020 | Maritime | Liner Shipping

US shut-ins double: Company guidance hints 616,000 barrels per day shut during May, 655,000 in June

AJOT Newsroom | May 07, 2020 | Energy

US production of 616,000 barrels of oil per day (bpd) will be shut during May and 655,000 bpd during June as a result of the supply-demand imbalance that the Covid-19 pandemic has created, according to a Rystad Energy analysis based on the early communication from US oil producers.