#kt-adv-heading_a44264-1e, #kt-adv-heading_a44264-1e .wp-block-kadence-advancedheading {font-size:20px;font-weight:400;font-family:Montserrat;}
To view more FreightWaves infographics, click here.
EXPORTS
Daily Infographic: Mexico Remains Top US Trade Partner
#kt-adv-heading_3c4e97-4c, #kt-adv-heading_3c4e97-4c .wp-block-kadence-advancedheading {font-size:20px;font-weight:400;font-family:Montserrat;}
To view more FreightWaves infographics, click here.
https://www.freightwaves.com/news/daily-infographic-mexico-remains-top-us-trade-partner
“Standards for Empty Shipping Container Inspection” – updated and freely available now!
Shippers of containerised plant products can now access the updated and freely available “Standards for Empty Shipping Container Inspection“ document which gives guidance on export-acceptable shipping containers.
Covering container inspection, assessment, cleaning, and repairs, the “Standards for Empty Shipping Container Inspection,” is in an easy-to-access and easy-to-follow digital booklet form that is illustrated with flowcharts, diagrams, and pictures...
Marine Fuel Exports 2nd Highest on Record
China’s exports of low sulfur marine fuel in March rose 57% on year to the second-highest monthly level on record, says an article on Reuters.
Information regarding ExportsMarch exports reached 1.68 million tonnes, extending strong growth in the first two months of the year when volumes doubled on an annual basis, customs data showed.
To promote low-sulfur fuelThe Chinese government last year started granting tax incentives to prompt production and exports of very low-sulfur fuel oil (VLSFO). The...
https://mfame.guru/marine-fuel-exports-2nd-highest-on-record/
Factories must stay open, plead exporters, as Bangladesh goes into lockdown
The world’s clothing factory, Bangladesh, today announced an ‘all-closed’ week-long lockdown, starting on Monday.
It includes all factories, transport and shops, and will create uproar among the country’s export-oriented industry.
Only the emergency services will remain open, and the movement of people will be severely restricted in a bid to stop the spread of Covid-19.
During the past few weeks, the number of infections and deaths has risen sharply as restrictions were more relaxed …
The post Fa...
https://theloadstar.com/factories-must-stay-open-plead-exporters-as-bangladesh-goes-into-lockdown/
Port of Long Beach smashes container records in March
A record number of ocean containers crossed the docks at the Port of Long Beach in March, further underscoring that there will be no slow season this year at U.S. ports. Earlier this week, the Port of Charleston reported record results for March.
The Long Beach port authority on Thursday said its terminals handled 840,387 twenty-foot equivalent units last month, surpassing the previous high of 815,885 TEUs set in December. March is normally one of the slowest months for maritime trade, as...
https://s29755.pcdn.co/news/port-of-long-beach-smashes-container-records-in-march
US, German airports join forces to boost cargo connection
New international air service from parcel giant UPS and several other all-cargo carriers expected later this year is the direct result of recent collaboration between Chicago Rockford International Airport and Cologne Bonn Airport (CGN) in Germany, said Rockford Cargo Director Ken Ryan.
Rockford Airport (RFD), a burgeoning air hub for cargo located about 70 miles northwest of O’Hare International Airport, and CGN on Monday announced the signing of a memorandum of understanding to mutually...
https://s29755.pcdn.co/news/us-german-airports-join-forces-to-boost-cargo-connection
US Trade Deficit In Goods Widened 5.5% Y-O-Y
The US trade deficit in goods widened 5.5% year on year to a new record in November at $84.82 billion as a lack of containers available for exporters contributed to an unequal growth rate compared with import volumes, says an article published in S&P Global.
What Data SaysUS goods exports were valued at $127.22 billion in November, up 0.8% from the previous month, but down 6.6% from November 2019, according to US Commerce Department data.
US goods imports in November totaled $212.04 billion as...
https://mfame.guru/us-trade-deficit-in-goods-widened-5-5-y-o-y/
Trade at the cross-roads
The Australian Government and other governments around the world are now certainly looking at the economic impact of Covid-19.
The externalities from restrictive health measures to date are proving far costlier than initially perceived by authorities.
What they do now, moving forward, will be crucial to the livelihoods of many, who are already struggling to put food on the table and worrying about their future.
Many...
Port of Savannah holds strong amid massive market fluctuations
The coronavirus pandemic has taken a toll on nearly every sector of the U.S. economy. The transportation and logistics industry has not been spared from those ill effects, but some segments have proved more resilient than others.
The Port of Savannah has seen a mere 1% volume drop year-over-year and managed to break a tonnage record during the past fiscal year, according to the Georgia Port Authority (GPA). The busy port did take a volume hit during the height of the pandemic’s disruption...
https://s29755.pcdn.co/news/port-of-savannah-holds-strong-amid-massive-market-fluctuations