What We're Reading: Trendwatch Week 19

Shipping containers at the port of bangkok

US Trade Representative confirms 25% tariff hike for Friday

May 8, 2019 - A document filed in the Federal Register Wednesday morning confirms tariffs on $200 billion worth of imports from China will rise from 10% to 25% on Friday, May 10 at 12:01 a.m. ET. "In the most recent negotiations, China has chosen to retreat from specific commitments agreed to in earlier rounds. In light of the lack of progress in discussions with China, the President has directed the Trade Representative to increase the rate of additional duty to 25 percent," the document said.
Source: Supply Chain Dive


'India is an extremely important market for BDP’

May 6, 2019 - BDP International (headquartered in Philadelphia, the US), one of the world’s leading logistics and transportation solutions providers, has been in India for nearly a decade during which it has seen steady and consistent growth. The company is known here as BDP UGL Global Logistics (India) Pvt. Ltd, following its partnership with and subsequent acquisition of Unique Global Logistics. Exim India caught up with Mike Andaloro, President & COO of BDP International – a 32-year veteran of the company who rose from an entry-level role to his present position – during a recent visit to India, for an exclusive interview. Joining in was Pavithran M. Kallada, Managing Director of BDP UGL, somebody with years of experience and success in the Indian logistics sector. 
Source: Exim India Online


HOS changes to be published, open for comment next month

May 6, 2019 - Changes to hours-of-service (HOS) regulations in the trucking industry are expected to be up for a round of public comment beginning next month, according to an April regulatory update from the Department of Transportation (DOT).
Source: Supply Chain Dive


Pompeo warns of new geopolitical contest in the Arctic

May 5, 2019 - On Monday, one day ahead of an Arctic Council meeting in Finland, U.S. Secretary of State Mike Pompeo warned of Russian and Chinese ambitions in the high north, and he suggested that America's Arctic policy should be framed in terms of competition for power and resources.
Source: Maritime Executive 


China April exports unexpectedly fell as imports rose

May 7, 2019 - China’s exports fell in April and imports rose, before the abrupt turn in the trade talks that has led to a re-escalation of the dispute with the U.S. Exports dropped 2.7 percent in April, while imports expanded by 4 percent last month, leaving a trade surplus of $13.84 billion, the customs administration said Wednesday. Economists forecast that exports would tick up by 3 percent while imports would slip by 2.1 percent.
Source: American Journal of Transportation


'We need to sail greener, not slower, to cut vessel emissions'

May 3, 2019 - Policy director of the UK Chamber of Shipping Anna Ziou has slammed French proposals to impose speed limits as a way to cut shipping emissions. She claims it would give a “false impression” of the industry taking action. 
Source: The Loadstar 


Russian Railways boosts rail freight services in China, Finland, and Turkey

May 5, 2019 - Russian Railways is maintaining its international growth momentum with plans to bolster rail freight operations in China, Finland and Turkey. Along with the heads of Azerbaijan and Turkey’s state railways, Russian Railways chairman Oleg Belozyorov signed an MoU to “assure” regular traffic on a Baku-Tbilisi-Kars route. 
Source: The Loadstar 


 
CIMAC: Cross-sector action needed on greenhouse gases

May 6, 2019 - The IMO decision to target a 50 percent cut in shipping's greenhouse gas emissions by 2050 was an important milestone, and it was largely welcomed by the global engine builders’ community. Although some parties found that the IMO target could have been even more ambitious, it clearly marked a paradigm shift: improvements in existing technologies will not be enough. Only through cross-sector cooperation and an increased focus on R&D in carbon-neutral technologies (such as batteries, fuel cells, or synthetic fuels) will shipping stand a chance of reaching the IMO 2050 target.
Source: Maritime Executive

 

Adani gets nod to develop new container terminal in Yangon

May 6, 2019 - Adani Yangon International Terminal has received an approval from Myanmar to develop a new container terminal in Ahlon, Yangon. The company was granted the green light on April 26 to develop, operate and maintain the Ahlon International Port Terminal (2) under a 50-year build, operate and transfer deal with the government, according to Myanmar’s Directorate of Investment and Company Administration (DICA).
Source: World Maritime News


MSC Indus Express Service adds Houston

May 7, 2019 - As of June 2018, MSC has added Houston, Texas as the last, direct port of call, making this one service the fastest connection available from the US Gulf to the Middle East and India. MSC’s Indus Express Service offers excellent service reliability, as a standalone service, from US East Coast to the Red Sea (King Abdullah), the Middle East (Jebel Ali, Abu Dhabi), India Subcontinent (Mundra and Nhava Sheva) and Pakistan. 
Source: American Journal of Transportation