Airfares can only keep rising due to supply chain problems
| May 16, 2024 | Air Cargo
Passengers will see little respite from soaring air fares as carriers face a shortage of planes, labor and spare parts that will prevent them meeting booming travel demand.
Sugar drops to 18-month low on large production in top exporter
| May 16, 2024 | International Trade | Commodity
Sugar dropped to an 18-month low in New York as a productive start to the season in Brazil, the world’s top exporter, is fueling bets that markets will remain well supplied this year.
IMF knocks Biden’s China tariffs as risk to US, world growth
| May 16, 2024 | International Trade
Azul CEO touts M&A as fix for Latin America’s troubled airlines
| May 16, 2024 | Air Cargo | Airlines
Spirit Aero to cut jobs after Boeing slows down 737 output
| May 16, 2024 | Air Cargo | Airlines
Spirit AeroSystems Holdings Inc. plans to lay off about 450 workers at its main campus in Wichita, Kansas, as it grapples with mounting losses and a slowdown in shipments to Boeing Co.
Biden open to easing sanctions on billionaire Gertler in return for Congo exit
| May 16, 2024 | International Trade | Commodity
Brainard says tariffs needed to avoid ‘China shock’ in US
| May 16, 2024 | International Trade
President Joe Biden’s top economic adviser on Thursday offered a forceful defense of new tariffs on Chinese imports, calling them necessary to avoid economic turbulence from unfair trade practices that threaten to undo recent manufacturing and job gains.
New regulation leaves DoC holder with fuel liabilities risk, says OceanScore
| May 16, 2024 | Energy | Green Shipping
Implementation of the FuelEU Maritime regulation from 2025 presents an accountability dilemma for shipping as it is currently the Document of Compliance (DoC) holder that will be held responsible for fuel selection and could therefore face...
Red Sea disruption is splitting global LNG trade in regions
| May 16, 2024 | Energy | Maritime | Bulk
It’s been four months since a liquefied natural gas tanker has passed through the narrow strait at the southern end of the Red Sea separating the Arabian Peninsula and Africa, testament to how violent attacks there have upended global energy trade.
US efforts to reshape global supply chains gather pace in Asia
| May 16, 2024 | International Trade
President Joe Biden’s sweeping tariff hikes on a range of Chinese imports are just the latest US moves in a years-long campaign that is rewiring Asian trade routes, figures in the past few days show.
One oil cargo’s odd journey highlights a global market in flux
| May 16, 2024 | Energy
A dearth of heavy crude is forcing one of the world’s biggest buyers to go the extra mile to get the barrels it needs, offering another example of how sanctions and OPEC+ curbs are recasting the supply chain.
Kenworth announces production schedule for Class 8 trucks specified with new Cummins X15N engine
| May 16, 2024 | Trucking
Kenworth announced it will begin production of Kenworth T680 and T880 models specified with the new Cummins X15N natural gas engine in the third quarter of 2024.
CN presents simplified offer to TCRC to achieve a deal
| May 16, 2024 | Intermodal | Rail
Offer respects duty and rest period rules and is aligned with scientific fatigue management practices
Biden-Harris Administration celebrates progress in domestic floating offshore wind
| May 16, 2024 | Energy | Alternative
Nearly $1 billion dedicated in support of just and sustainable deployment of floating offshore wind
MSC Announcement: GRI for USA to Indonesia scope: USA to Indonesia ports
| May 16, 2024 | Maritime | Liner Shipping
Effective June 15th, 2024, MSC will implement a general rate increase for all export cargo originating from any US origin to Indonesia as follow:
Engine Technology Forum calls on House leaders to prioritize action on the Diesel Emissions Reduction Act
| May 16, 2024 | Energy | Alternative | Green Shipping
MOL and TotalEnergies sign time charter contracts for 2 newbuilding LPG-fueled LPG carriers
| May 16, 2024 | Energy | Maritime | Bulk
Priority infrastructure projects 2025 list for St. Louis region tops $8B in investments
| May 16, 2024 | Intermodal | Rail | Trucking
The 2025 Priority Projects List for the St. Louis bi-state region includes 27 projects that represent a total investment of more than $8 billion, according to the St. Louis Regional Freightway.
Trimble and WTE Ltd introduce the MPS566 Pilot System: A precise navigation system for restricted waterways
| May 16, 2024 | Maritime | Technology
WTE Ltd, a provider of AIS systems, and Trimble, a leading provider of advanced positioning solutions, unveiled the Trimble MPS566 Pilot System earlier in 2024.
Biden-Harris Administration announces $71 million investment to advance American solar manufacturing and development
| May 16, 2024 | Energy | Alternative
As part of President Biden’s Investing in America agenda, the U.S. Department of Energy (DOE) today announced a $71 million investment, including $16 million from the President’s Bipartisan Infrastructure Law, in research, development, and demonstration projects to grow the network of domestic manufacturers across the U.S. solar energy supply chain.
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