Shipping Trade and Transport News  further updates from previous post for 24th October 2015 

 

Port News

 

Port of New York

The New York Port Authority has approved a $56M ship to rail project between the Port of New York and New Jersey City

Port of Manzanillo  (Mexico)

Hurricane Patricia became the strongest hurricane ever known to make landfall on the Pacific coast of Mexico after the centre of its eye crossed the coast of Jalisco state early Friday evening

Maximum sustained winds at landfall were estimated at 165 mph, still firmly within the Category 5 range on the Saffir-Simpson Hurricane Wind Scale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Port of Lagos

Yesterday saw all port closed.

Maritime Workers Union of Nigeria, MWUN, yesterday (Oct. 23), shut the nation’s ports over alleged nine months unpaid wages to over 3,000 Tally Clerks and On board security men,

 

 

 

 

 

 

   

Vessel News

 

Stevedore  Killed in Helsinki on deck of MSC Malin

A stevedore died after becoming trapped between two containers in the port of Helsinki. The incident happened on 22 October at Vuosaari Harbour: the main cargo handler, dealing with box and ro-ro operations, at the Port of Helsinki, which consists of three harbours.

 

 

 

 

 

 

 

 

 

 

 

 

Trade News TTIP

 

Today, the EU and US finished 11th round of talks on the Transatlantic Trade and Investment Partnership (TTIP). Negotiators discussed all three pillars of what could be the biggest bilateral trade agreement in history, meaning market access for EU and US companies, regulatory cooperation and trade rules. The goal of the agreement is to slash trade taxes and facilitate trade between the two blocks with an aim to boost economic growth, create more job opportunities and modernise rules governing global trade. (full details available on request)

Malmström in Chisinau to discuss EU-Moldova trade cooperation

In wake of the difficulties Moldova has been facing, the stable trading framework that the free trade area provides has prevented a decline in trade between the EU and Moldova since last autumn. Today, the EU buys almost two thirds of the goods that Moldova sells to the rest of the world, and Moldovan exports to the EU are now on the rise

‘The way to get even more out of our relationship is by making sure that the free trade area is fully put in place,’ said Commissioner Malmström. ‘Moldova has already made good progress, but the reform process needs to switch to a higher gear. The EU will continue supporting Moldova on this path.’

Transport News

 

 Not putting clocks back could save 100s of children’s lives on roads

Stopping the clocks going back on Sunday could save hundreds of children’s lives on UK roads, says former Chief Constable Keith Hellawell. Persisting with British Summer Time throughout the whole year would significantly reduce road casualties, particularly to pedestrians, cyclists and schoolchildren, according to Hellawell, who was Chief Constable of both Cleveland and West Yorkshire

More than 1,200 children have been killed on the roads in the past 10 years and the peak time for pedestrian casualties is just after 4pm on weekdays when children are making their way home from school.

 

 Bunker News

 

 

 

 

Price movers

Sydney up $30

Luanda up $23.67

Zhanjian up $15

Rio De Janerio down $12.67

Los Angles down $11.81

 

Economic Growth in China Missed Forecasts in August

BEIJING — Growth in China’s investment and factory output missed forecasts in August, indicating a further cooling in the country’s economy that is likely to prompt the government to roll out more support measures.

The downbeat data followed weak trade and inflation readings, raising chances that third-quarter economic growth could dip below an annualized rate of 7 percent.

Fears of a global economic slowdown led by China have roiled markets worldwide in recent weeks, prompting speculation that the Federal Reserve may hold off on raising interest rates this week.