Shipping, Trade and Transport News 11th September 2015

Vessel News

M.V. C-retriever USA

Seafarer held captive by pirates takes employer to court in landmark case

A seafarer in the US is suing Edison Chouest Offshore and Galliano Marine Services for injuries suffered during a 2011 piracy incident.



Ports

Port of Chennai - India

Maersk Line to shut service from Chennai to Mediterranean ports

Exporters and importers shipping cargo containers directly to Mediterranean destinations through the Chennai port will have to re-route them via Colombo, Salalah or Singapore from October as Maersk Line, world’s biggest container shipping line, has decided to shut its weekly direct service which was started in February.



Manzanillo - Panama

Largest cranes in Latin America arrive at MIT Four new super post-Panamax gantry cranes, the largest in Latin America, arrived in Manzanillo International Terminal



Port of Halifax Canada

Port of Halifax welcomes another large cargo vessel The G6 Alliance service through the Port of Halifax continues to bring additional large cargo vessels through the port. Today, the port community will welcome the OOCL Southampton



Trade News
Outcome of the Trilateral Talks on the Implementation of the EU-Ukraine Association Agreement/Deep and Comprehensive Free Trade Area

Joint Operational Conclusions by the European Commission, the Russian Federation and Ukraine following trilateral talks on the Implementation of the EU-Ukraine Association Agreement/Deep and Comprehensive Free Trade Area. This will be provisionally be applied on the 1st January 2016

Taking note of the current unsatisfactory developments of the trade flows, the participants have reaffirmed their commitment towards achieving practical arrangements that would contribute to maintaining open economic relations with a view to enabling economic growth.

Commodity weakness hurting trade volumes
The decline in commodity prices has limited trade finance volumes and the number of deals taking place. The slump in commodity prices has had a significant know on effect in trade financing volumes

Country Profile
Mexico South America
GDP Growth July 2015 2.2%
Unemployment July 2015 4.72%
Balance of trade -2267 USD Million
Inflation July 2015 - 2.59%

Exports

Manufactured products, oil and oil products, cars, and now represents 26% of total shipments. Their main trading partners are USA, Canada
Imports Metallic products, machinery and equipment, mining , chemicals, plastic and rubbers products. Their main training partners are USA, China and Japan

Mexico has a trade agreement with Europe (EUR1)