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Port West Coast

WEEK 17 MARKET UPDATE

TRUMP MANDATES ENGLISH FOR TRUCKERS, IMPORT DELAYS EXPECTED THIS WEEK  In a significant development for the trucking industry, President Trump is set to sign an executive order requiring all  truck drivers in the United States to demonstrate proficiency in English.This move is hailed as a step toward improving  safety in the transportation sector but is …

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Port _ Logistics

WEEK 16 MARKET UPDATE

FEDEX BEGINS ITS FIRST DIRECT SINGAPORE-US AIR CARGO SERVICE  FedEx Corp. has introduced its first direct flight from Singapore to its regional hub in Anchorage, Alaska. The first direct  connection for FedEx from Singapore to the United States is tailored to support shippers of heavier, palletized cargo  rather than its express parcel network. The integrated …

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WEEK 15 MARKET UPDATE

TRUMP’S U-TURN OPENS A WINDOW OF OPPORTUNITY  President Trump’s volte-face on trade tariffs has opened a window of opportunity for US importers to bring in freight  over the following three months, with a significantly lower tariff of ‘just’ 10%. The announcement followed a week  defined by Trump’s global tariff announcements on 2 April which led …

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WEEK 14 MARKET UPDATE

LINERS DRAW UP DEFENSIVE MEASURES IN THEIR ARMOURY TO FIGHT TRUMP’S TARIFF WAR In a post on his social media platform Truth Social on Monday, Trump threatened to impose an additional 50% tariff on  China, following China’s implementation of a 34% counter tariff on American goods last Friday. Trump stated that if  China’s latest retaliation …

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Freight Systems

WEEK 13 MARKET UPDATE

PORT FEES FOR CHINESE SHIPS MAY PROMPT GENCO TO LEAVE US MARKET  Genco is the largest U.S.-headquartered bulker operator and has a substantial number of Chinese-built vessels in its  fleet. As such, it is exposed to the proposed port fees on Chinese tonnage, written by the Office of the U.S. Trade  Representative (USTR). If the …

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Trucking

WEEK 12 MARKET UPDATE

MAERSK SEALS 33-YEAR LEASE EXTENSION AT PORT OF NY AND NJ  AP Moller-Maersk has reached an agreement with the Port Authority of New York and New Jersey to extend APM  Terminals Elizabeth’s lease through December 2062.Originally set to expire in 2029, the 33-year lease extension “paves  the way for major infrastructure investments which will enhance …

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