- Tariff threats continue to hang over financial markets, with duties looming on imports from Mexico and Canada.
- Copper prices surge, helping lift the FTSE 100, as the metal is caught in Trump’s sights.
- Brent Crude falls to two-month lows amid concerns about the US economy.
- Trump’s crypto bump reverses amid a collision of concern about the industry, with Bitcoin trading below $89,000.
- S&P 500 set to take a breather as investors wait for Nvidia’s results.
- BP is set to unveil a...
Corona
Will the Third Wave of Covid Be More Serious Than UK’s First Two?
Will the Third Wave of Covid Be More Serious Than UK’s First Two? says an article in The Guardian.
Restrictions to lift from 21 JuneSummer has nearly arrived and the UK is beginning to unlock from coronavirus restrictions, with a full lifting still on the cards in England on 21 June.
Yet the specter of the Delta variant is casting an ominous shadow, with concerns it could fuel the third wave. So just how serious could the next peak be – and could it be more serious than Britain’s first two...
https://mfame.guru/will-the-third-wave-of-covid-be-more-serious-than-uks-first-two/
Covid-19 Made Algérie Ferries Lose Billions
General Director of the ENTMV, Guerairia Ahcene, said that the company has lost 9 billion Algerian dinars (DZD)(=EUR 57 million), due to the corona pandemic. He said that the company is struggling to pay its employees, because of the operational stop. Although the company is receiving its newbuilt...
https://ferryshippingnews.com/covid-19-made-algerie-ferries-lose-billions/
CTMA: A Season that Went Well Despite the Pandemic
CTMA says in a French press release it is pleased with the smooth operation of the tourist season, despite the pandemic. CTMA Ferry provides regular ferry service between Souris, Prince Edward Island and the Îles de la Madeleine. Nearly 19,000 visitors, excluding residents of the Îles de la...
https://ferryshippingnews.com/ctma-a-season-that-went-well-despite-the-pandemic/
Fjord Line is Preparing for Long-Time Effects of Corona
“We are now preparing for the fact that it may take a long time before we return to normal operations,” says Rickard Ternblom, CEO of Fjord Line. The effect of the measures that were taken before the summer with cash support, refinancing, internal restructuring and equity, is estimated at NOK 700...
https://ferryshippingnews.com/fjord-line-is-preparing-for-long-time-effects-of-corona/
Waterfront strike threat: how the industrial relations environment has been – legally – manipulated to Australia’s detriment
Widespread strike action on the waterfront is now possible. Transport unions have arranged matters so that all of the major container stevedores are now operating with expired enterprise agreements.
The last major container stevedore had its enterprise agreement expire in June. Nation-wide and sector-wide protected industrial action by unions is now therefore possible under the Fair Work Act.
Some of those enterprise bargaining arrangements have in fact been expired for years because the unions...
Domestic shippers should look to coastal shipping to ease road and rail freight bottlenecks
Coastal shipping could provide relief to the freight congestion caused by onerous and confusing state COVID testing and self-isolation rules.
Some container shipping lines already carry domestic freight between Australian capital cities on regular services at better-than-weekly frequency.
Shippers with regular shipping requirements already find it advantageous to look to the “blue highway” to move their cargoes between Australian States and to avoid the border road-blocks being imposed by...
North Sea Ports Feel The Impact Of Corona
In May, North Sea Ports (Ghent, Terneuzen, Vlissingen) has felt the impact of the virus, with a drop of 33% in ships. Roro was halved (-53%), with the closure of car factories and suppliers as one of the main reasons.
https://www.ferryshippingnews.com/north-sea-ports-feel-the-impact-of-corona/
134 Rasmus Blomqvist, Chief Officer, Mont Ventoux, Marseille, France – Rades, Tunisia
Seafarers are the unsung heroes of global trade.
Episode 134 – in spite of the Coronavirus.
This episode is recorded online, so the sound quality is not as exceptionally good as usual. On the other hand, you get to listen to a young Master Mariner who is now stuck on his vessels since the pandemic is causing trouble with crew change. No one can leave the ship and no one can come on board, the entire ship is a quarantine. How does it feel? What do you do? What are you longing for the most and how...
Iron Ore Production To Be Hit As Vale Looks for Corona Contingency Plans
According to an article published in the Share Cafe, the most potential question raised after Vale, raised the possibility of curbing or suspending iron ore shipments because of the growing threat of the COVID-19 virus, is how others like BHP, Rio Tinto and Fortescue Metals will do now?
Global Iron Ore Price Boost?Certainly Vale’s surprise warning could very well boost global iron ore prices starting today. Iron ore was the only major globally traded commodity whose price rose in last week’s...
https://mfame.guru/iron-ore-production-to-be-hit-as-vale-looks-for-corona-contingency-plans/