Shipping Trade and Transport News further updates from previous post for 24th October 2015
Port News
The New York Port Authority has approved a $56M ship to rail project between the Port of New York and New Jersey City
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
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
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
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.
