April 9, 2019 - Additional ferry services laid on for a no-deal Brexit have begun operating, despite the fact that the UK has not yet left the EU, and the government is hastily trying to recoup its investment.
Source: The Loadstar
April 9, 2019 - Boeing Co.’s plan to cut its 737 jetliner production by 19 percent this year is expected to have negative spillover effects across the aerospace industry, from parts suppliers to engine makers and even airlines. The planemaker on Friday said it would cut output to 42 airplanes a month by mid-April, as the company fights global criticism about the safety of its 737 Max jets after two tragic crashes that ultimately led to a grounding of the aircraft.
Source: Bloomberg
April 9, 2019 - The widespread adoption of electric vehicles on the world’s roads is likely to cause seismic shifts in the provision of automotive supply chains, new research from Transport Intelligence claims.
Source: The Loadstar
April 8, 2019 - A mandatory requirement for national governments to introduce electronic information exchange between ships and ports came into effect from April 8, 2019. The requirement, mandatory under IMO's Convention on Facilitation of International Maritime Traffic (FAL Convention), is part of a package of amendments under the revised Annex to the FAL Convention, adopted in 2016.
Source: The Maritime Executive
April 9, 2019 - The International Monetary Fund cut its outlook for global growth to the lowest since the financial crisis amid a bleaker outlook in most major advanced economies and signs that higher tariffs are weighing on trade. The world economy will grow 3.3 percent this year, down from the 3.5 percent the IMF had forecast for 2019 in January, the fund said Tuesday in its latest World Economic Outlook.
Source: American Journal of Transportation
