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Solar makers care about profits over US need, renewable CEO says

Bloomberg | May 15, 2024 | Energy | Alternative | International Trade

Invenergy CEO says US solar manufacturers seek tariffs on imported cells to protect their profits. 

Asian solar imports are subject of new US commerce probe
Energy
Bloomberg | Top Story | May 15, 2024

Asian solar imports are subject of new US commerce probe

The US Commerce Department on Wednesday opened an investigation into allegations that solar cells and panels imported from four Southeast Asian countries are being unfairly subsidized and priced below their production costs.
Barge strikes Texas bridge, spilling oil into Galveston Bay
Energy
Bloomberg | Top Story | May 15, 2024

Barge strikes Texas bridge, spilling oil into Galveston Bay

A barge struck a bridge in Galveston, Texas, spilling oil into the bay and temporarily shutting down access to a small nearby island.
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One oil cargo’s odd journey highlights a global market in flux

Bloomberg | May 15, 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.

US efforts to reshape global supply chains gather pace in Asia
International Trade
Bloomberg | Top Story | May 15, 2024

US efforts to reshape global supply chains gather pace in Asia

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.
New Logistec CEO Pierce unveils ambitious expansion roadmap
Maritime
Leo Ryan | Top Story | May 15, 2024

AJOT Insights
New Logistec CEO Pierce unveils ambitious expansion roadmap

Logistec Corporation, one of the crown jewels of Canada’s marine industry, has embarked on a new chapter in its 70-year history following its acquisition in January by NY-based Blue Wolf Capital Partners for approximately C$1.2 billion.
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Weekly Rail Traffic for the Week Ending May 11, 2024

AJOT | May 15, 2024 | Intermodal | Rail

The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending May 11, 2024...

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FTR’s Trucking Conditions Index falls in March mostly due to rates

AJOT | May 15, 2024 | Trucking | By The Numbers

FTR’s Trucking Conditions Index fell in March to -7.25 – the most negative reading since September 2023. The February reading was -5.31. Highly unfavorable freight rates were the principal headwind for the trucking industry in March as the market remains soft for trucking companies...

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Sandepudi joins WSP as U.S. Bridges and Structures Director

AJOT | May 15, 2024 | Maritime | Project / Heavy Lift | Intermodal Project

Sandepudi leads a skilled team of nationwide technical experts that provide high-quality, innovative solutions for WSP clients...

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Dry Weekly Market Monitor: Week 20 - 2024

AJOT | May 15, 2024 | Maritime

Chart of the Week: Panamax Market Insights - P6_82 Route Supply

Investment and collaboration driving cargo growth on the U.S. inland waterways
Ports & Terminals
AJOT | Top Story | May 15, 2024

Investment and collaboration driving cargo growth on the U.S. inland waterways

Investments being made at key ports located along the Mississippi River and Missouri River continue to drive cargo growth and reinforce the importance of America’s inland waterways in adding optionality to the global supply chain...
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Mayor Adams, Governor Hochul, NYCEDC, and Port Authority investment in 122-acre Brooklyn waterfront

AJOT | May 15, 2024 | Maritime | Breakbulk News | Ports & Terminals | Terminals

Mayor Adams, Governor Hochul, NYCEDC, and Port Authority announce plan to transform Brooklyn Marine Terminal and support future growth of Howland Hook Marine Terminal with investment in 122-acre Brooklyn Waterfront...

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US CPI: Are markets indulging in wishful thinking on Fed rate cuts?

AJOT | May 15, 2024 | International Trade

Markets are busy wishful thinking about the Federal Reserve cutting interest rates and they are ignoring the facts, warns the CEO of one of the world’s largest independent financial advisory and asset management organizations...

US power developer warns new trade probe imperils solar push

Bloomberg | May 15, 2024 | International Trade

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Today in Energy: Higher refining costs could increase summer gasoline prices

AJOT | May 15, 2024 | Energy

Average monthly prices for regular-grade retail gasoline in the United States could increase by more than 10 cents per gallon (gal) if refinery output is lower than expected, according to an analysis we published on May 14...

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Latin American Port Leaders begin a tour of Spanish Ports

AJOT | May 15, 2024 | Ports & Terminals | Ports

This tour, which was inaugurated through a meeting with the State Port Authorities, marks a milestone in intercontinental collaboration for the maritime-port sector...

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