USA

Back to pre-1914 Fortress America, Fed Talk: 2018 overview and 2019 outlook

Commentary: Back to pre-1914 Fortress America

By Meghnad Desai in New Delhi

President Donald Trump has redefined the aims of US foreign policy. We are back to pre-1914 ‘Fortress America’. The US entered the first world war only because of the German U-boat sinking of the RMS Lusitania. It entered the second only after the bombing of Pearl Harbor. Trump wants to confine US defence activity strictly to defend national interests. He no longer wishes to run the world, and has ended the doctrine of...

http://www.allaboutshipping.co.uk/2019/01/09/back-to-pre-1914-fortress-america-fed-talk-2018-overview-and-2019-outlook/

Daily Overview of Global Markets & the SEE Region (Wednesday, January 9, 2019)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS:Mirroring the positive tone in Wall Street overnight, most global equity indices traded in the black on Wednesday on growing optimism for progress in the ongoing US-China trade negotiations after President Trump’s comments that “talks with China are going very well”. Positive risk sentiment led to a further decline in Treasuries, with the 10yr respective yield rising to a six-session high of 2.74%, well above its one-year low of...

http://www.allaboutshipping.co.uk/2019/01/09/daily-overview-of-global-markets-the-see-region-wednesday-january-9-2019/

Daily Overview of Global Markets & the SEE Region (Tuesday, January 8, 2019)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS:Wall Street rallied overnight on Friday’s strong US employment report and dovish remarks by Fed Chairman Jerome Powell. European equity indices followed suit and opened higher on Tuesday with tech shares outperforming the market, as optimistic comments on China-US trade dispute lifted investors’ risk appetite. US Commerce Secretary Wilbur Ross expressed his optimism citing that there is a “very good chance” that a “reasonable”...

http://www.allaboutshipping.co.uk/2019/01/08/daily-overview-of-global-markets-the-see-region-tuesday-january-8-2019/

Washington State Ferries announces 2040 Long Range Plan

More than half of Washington State Ferries’ 23-vessel fleet is scheduled to be retired by 2040. Washington’s plan calls for 16 new vessels in the next 20 years, including 13 ferries to replace vessels due for retirement and 3 additional vessels to fill in when other ferries are out for maintenance and to respond to growth.

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Mainly, these decisions are amongst the recommendations of the newly released 2040 Long Range Plan, which WSF submitted to the Washington...

https://safety4sea.com/washington-state-ferries-announces-2040-long-range-plan/

Crowley Promotes Jackie Gonsalez to Vice President, Apparel and Retail Supply Chain Business Development

Jackie Gonsalez

(JACKSONVILLE, Fla.; Jan. 4, 2019) – Crowley Logistics announced today it has promoted Jackie Gonsalez to vice president, apparel and retail supply chain business development. Gonsalez reports to Crowley’s Jorge Estevez, vice president, sales and pricing, and will remain based in Jacksonville, Fla. 

In her new position, Gonsalez, who was previously director, retail business development and sales, will help new and existing apparel and retail customers increase the velocity of...

http://www.allaboutshipping.co.uk/2019/01/04/177176/

HL to revise its Administrative Fees in Usa

With effect from February 1, 2019 Hapag-Lloyd will revise its Administrative Fees in USA as follows:

  • Export

Charge Description      Charge Code          Charge Amount       Application
(Currency: USD) 
Export Admin Fee                  ADO                          100                                 Per Incident

  • Import

     Charge Description       Charge Code        Charge Amount         Application
                     (Currency: USD)
Import Admin Fee                  ADD                     ...

http://container-news.com/hl-administrative-fees-usa/

Kalmar to enhance New York Terminal

Kalmar will deliver an order of 26 straddle carriers to Maher Terminal LLC for use at its container terminal in the Port of New York and New Jersey. Maher Terminals is one of the largest privately held, multi-user container terminal operators, while its marine container terminal at the Port of New York and New Jersey is the largest in North America.

Namely, the 200 hectare facility, having an estimated capacity of 2 million TEU, will implement Kalmar’s diesel-electric straddle carriers as part...

https://safety4sea.com/kalmar-to-enhance-new-york-terminal/

Why Trump is wrong on Powell, Advancing the European regulatory agenda

The Fed

Commentary: Why Trump is wrong on Powell

By Mark Sobel in Washington

President Trump has shown spurious reasoning in attacking the Fed and Chairman Jay Powell. It would be a huge disservice to America, the Fed and its independence if a debate over monetary policy gave succour to Trump’s attacks. Now is the time to vigorously protect Fed independence. A reasonable debate can be conducted about the Fed rate hike. But all should recognise that both sides have plausible arguments. A 25 basis...

http://www.allaboutshipping.co.uk/2019/01/02/why-trump-is-wrong-on-powell-advancing-the-european-regulatory-agenda/

Forthcoming meetings in January 2019

George Magnus

China and the US: Adapting to a changing relationship
Tuesday 15 January, 16:30
New York

With US-China relations in flux, this discussion looks at how the Trump presidency is changing the geopolitical balance of power and the global economic consequences of trade wars. George Magnus is an independent economist and commentator, an associate at the University of Oxford China Centre, and adviser to numerous asset management companies. Between 2006-16, Magnus was an externally...

http://www.allaboutshipping.co.uk/2018/12/31/forthcoming-meetings-in-january-2019/

US tax cuts must take the blame, US-China trade war implications

Fed Chair Jerome Powell

Commentary: US tax cuts must take the blame

By Desmond Lachman in Washington

After Wednesday’s interest rate increase, Fed Chair Jerome Powell is likely to get the blame for the bursting of the stock market bubble. But it was Trump who introduced a large unfunded tax cut that made unavoidable the interest rate increases that have now brought down the stock market. Perhaps Powell’s biggest mistake in accepting the Fed job was to underestimate Trump’s proclivity to take all...

http://www.allaboutshipping.co.uk/2018/12/24/us-tax-cuts-must-take-the-blame-us-china-trade-war-implications/

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