Transportation News, Logistics, Ports and Trade

Port commission adopts fiscal strategy for debt payments

AJOT Newsroom | February 14, 2025 | Ports & Terminals | Ports

The Port Freeport Commission has unanimously voted to create a dedicated operating account to manage the annual payments for the 2018 voter-approved General Obligation Bond debt. This proactive strategy will set aside one-twelfth of the annual debt payment from the monthly operating revenue, ensuring the Port maintains financial stability while upholding its commitment to a $0 tax rate.

Armlogi Holding Corp. announces fiscal 2025 second quarter and six-month results

AJOT Newsroom | February 14, 2025 | Logistics

International Trade

Reuters | February 14, 2025

Trump closed the ‘de minimis’ import loophole ‒ until all hell broke loose

Days after U.S. President Donald Trump ended duty-free entry for cheap Chinese goods entering the U.S., his administration put the order on hold after more than a million packages piled up at New York's John F. Kennedy International Airport.

Cheap cigarettes will continue taking US market share, tobacco firm JTI predicts

Reuters | February 14, 2025 | International Trade

Japan Tobacco International expects a shift towards cheaper cigarette brands in the United States to reach more than 40% of the market by 2027, its finance chief told Reuters.

Taiwan pledges chip talks and investment to mollify Trump

Reuters | February 14, 2025 | International Trade

Taiwan President Lai Ching-te pledged on Friday to talk with the United States about President Donald Trump's concerns over the chip industry and to increase U.S. investment and buy more from the country, while also spending more on defence.

Birkin bag maker Hermes extends lead over rivals with end-of-year sales surge

Reuters | February 14, 2025 | International Trade

French luxury group Hermes reported fourth-quarter results well above analyst expectations on Friday, showing robust appetite from wealthy consumers for its most expensive items including Birkin bags, which cost upwards of $10,000.

US looking at currency manipulation in tariff row, Treasury chief says

Reuters | February 14, 2025 | International Trade

The Trump administration is looking beyond tariffs and non-tariff barriers to examine currency manipulation as it studies the issue ahead of an April deadline, U.S. Treasury Secretary Scott Bessent said on Friday.

Engine maker Safran upbeat on Boeing 737 MAX production this year

Reuters | February 14, 2025 | Air Cargo | Airlines

The head of French jet engine maker Safran said on Friday he was certain Boeing would reach key production milestones for the 737 MAX jet during this year.

Brazil hints at WTO complaint, tax on US products after Trump steel tariffs

Reuters | February 14, 2025 | International Trade | Commodity

US import prices rise moderately in January

Reuters | February 14, 2025 | International Trade

Indian industries see opportunity in Trump’s trade goals

Reuters | February 14, 2025 | International Trade

EU open to tariff talks, but firm on own laws, says senior legislator

Reuters | February 14, 2025 | International Trade

India slashes bourbon whisky tariffs amid intensifying Trump criticism

Reuters | February 14, 2025 | International Trade

Tanker - Weekly Market Monitor Week 7 - 2025

AJOT Newsroom | February 14, 2025 | Trucking | By The Numbers

By early 2025, net supply has declined significantly from the peaks seen in 2023 and early 2024, reinforcing the inverse correlation between supply levels and TD3 rates. The sharp drop in net supply has driven a notable spike in TD3 rates, validating the fundamental supply-demand pricing mechanism in the VLCC market.

Ports & Terminals

AJOT Newsroom | February 14, 2025

Port of Oakland Board appoints Kristi McKenney Executive Director

The Oakland Board of Port Commissioners just named Kristi McKenney as the Port’s new executive director. The appointment follows the announcement of Executive Director Danny Wan’s retirement on February 28.

Gebrüder Weiss expands Southwest presence with new location in Phoenix

AJOT Newsroom | February 14, 2025 | Logistics

Cross-border transport: The new branch in Arizona complements the existing Gebrüder Weiss locations in Texas near the Mexican border. Today, the logistics company has 17 of its own locations in the North America region.

CMA CGM reshuffles Türkiye-Mediterranean service; Launches Alexandria Express (ALYEX)

AJOT Newsroom | February 14, 2025 | Maritime

Starting in Beirut on February 10, 2025, on top of already announced rotation, Bora Med Service will serve the Syria market for global trade with connections from Malta, Alexandria, and Beirut, and with significantly increased capacity.

Boluda upgrades Tenerife Terminal with four Konecranes Hybrid RTGs

AJOT Newsroom | February 14, 2025 | Ports & Terminals | Equipment and Tech

Konecranes customer Boluda Maritime Terminals Tenerife has placed an order for four hybrid Konecranes Rubber-Tired Gantry (RTG) cranes equipped with many Smart Features. The contract was signed in December 2024. 

Maritime

AJOT Newsroom | February 14, 2025

Ocean Network Express names first owned vessel “ONE Sparkle”

Ocean Network Express (“ONE”) is pleased to announce a significant milestone in its corporate history with the naming of ONE Sparkle, the company's first owned and operated newbuilding container vessel. Says Jeremy Nixon, CEO, "The naming of ONE Sparkle represents another important milestone for ONE.

Magma Aviation expands and enhances operations in 2024

AJOT Newsroom | February 14, 2025 | Air Cargo | General

Last year, Magma Aviation signed a multi-year contract with Worldwide Flight Services (WFS) for freighter handling at Liege Airport (LGG) with the aim of enhancing handling capabilities. Additionally, the company also added narrow-body aircraft to their fleet, marking a significant step in diversifying and optimizing their operational capabilities.

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