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COSCO plans new terminal at Piraeus Port | Brazil Modal

In the new master plan it will submit for approval on August 20, after discussions with the government, the Piraeus Port Authority will include the construction of a fourth pier (Pier IV) with a capacity of 2.8 million twenty-foot equivalent units (TEUs), just east of the current Pier I.

The aim is to expand the port’s capacity to over 10 million TEUs, comparable to the biggest Northern European ports. This plan had already been communicated to Prime Minister Kyriakos Mitsotakis during his visit to the port before the election.


Source: Ekathimerini


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Trump would love to make a trade deal with China ‘on our terms’

China on Thursday vowed to retaliate against any new tariffs in the trade war with the United States — even as it said it would be willing to meet the White House “halfway” on trade issues.

Beijing’s Finance Ministry said in a statement that Washington’s latest tariffs, set to start Sept. 1, violated an agreement between President Donald Trump and Chinese President Xi Jinping to resolve their disputes through negotiations.

China’s Foreign Ministry spokeswoman, Hua Chunying, said, “We hope the US will meet China halfway, and implement the consensus of the two heads of the two countries in Osaka.”

Xi’s government would likely stall on more talks, believing Trump is eager to end the trade war as soon as possible with the stock market swinging wildly in recent days, Wu Xinbo, director of the Center for American Studies at Fudan University in Shanghai, told The South China Morning Post.

But Trump said later Thursday that any agreement must meet US demands, suggesting the possibility of a protracted stalemate.

“China, frankly, would love to make a deal, and it’s got to be a deal on proper terms. It’s got to be a deal, frankly, on our terms. Otherwise, what’s the purpose?” Trump said in an interview on New Hampshire radio station WGIR.

He amplified those comments in New Hampshire later in the day — insisting again that China is desperate for a deal

“We’re having very good discussions with China. They very much want to make a deal. We’ll see what happens,” he told reporters.

Trump has vowed to impose 10% penalties on an additional $300 billion in goods — a move that would cover nearly all of China’s exports to the US — beginning Sept. 1, but on Tuesday said he would hold off on adding penalties on about 60% of those goods until Dec. 15.

Trump dismissed investors’ worries Thursday.

“We had a couple of bad days but … we’re going to have some very good days because we had to take on China,” he told WGIR.

He tweeted later, “The United States is now, by far, the Biggest, Strongest and Most Powerful Economy in the World, it is not even close! As others falter, we will only get stronger . . . Business Optimism is at an All Time High!”

With wires


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Finnish ports enter global transport project | Brazil Modal


“I am very proud of the growth of ALIS and its network. And I’m even more pleased that our daily commitment produces benefits not only in Italy but also in the rest of Europe. The adhesion of two of the main port hubs of northern Europe, formed by the Port of Helsinki– South Port and East Port – and the Port of Vuosaari and, in the south of Finland, the Port of Hanko (a few days after the accession of the Croatian port of Zara) pushes us to continue to invest in the internationalization of our cluster for the benefit of the activities of all those companies that join our associative project ”.

The President of ALIS Guido Grimaldi comments on the new important adhesion to the Association, as honorary member, of the port system of the Finnish capital and the port of Hanko.

As is known, the Helsinki port system last year produced, thanks also to the members of ALIS, impressive numbers both in terms of passengers, reaching the head of Europe, and rolling freight (trucks, trailers), creating positive economic effects positive on the Scandinavian-Mediterranean Corridor which, right from Helsinki arrives to La Valletta (Malta), passing through the Port of Palermo, another honorary member of ALIS.

On the other side, as the southernmost port in Finland, Hanko offers the fastest connections to all the major European nations, including Germany, Poland, Belgium, The Netherlands, Russia and the UK. Thanks to the decisive choices of ALIS members, the port of Hanko has more recently seen its biggest source of growth originating from unitised cargo which, due to its geographic location, it is able to serve efficiently, safely and in sustainable way all year round.

“Our associates develop an important business in the Baltic area by investing enormous resources in the sustainability of freight and passenger transport systems. Therefore, cooperation with the Port of Helsinki, the Port of Hanko and the entire Finnish intermodal system was a duty. For this reason we presented the peculiarities and objectives of our association to the CEO of the Port of Helsinki, Mr. Ville Haapasaari, and the CEO of the Port of Hanko, Mr. Anders Ahlvik, who immediately joined our organization due to its development in a European key. I believe that the growth and internationalization of our companies must be encouraged with great determination and, to do so, we must take courageous and strategic steps.

“ALIS, with its ALIS EUROPE department, is setting up the main international transport players, bringing together the logistic nodes, such as ports and interports, with all the operators in the sector who act daily on the European corridors, effectively reducing the geographic and economic distances – concludes President Grimaldi – The fact that Italy has a strategic position in the Mediterranean area must not make us forget that our companies can intercept also the flows of goods to and from Northern Europe. In fact, the Scandinavian-Mediterranean represents a corridor for Italy where important movements on transport arteries converge, capable of generating great opportunities for our economy. We will continue to work diligently to connect Italy more efficiently to the rest of Europe”.


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National Liberation Day of Korea – 15th August

National Liberation Day of Korea - 15th August

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The Foreign Trade Thread

Economics is a social science… not infallible any more than the study of psychology is. However, it really isn't open to debate that tariffs are passed on …


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Kalmar supplies NFI Industries with 25 tractors | Brazil Modal

NFI is a fully integrated third-party supply chain solutions provider with locations across North America. Serving customers throughout a variety of industries, NFI is dedicated to providing customised engineered solutions that propel a business to succeed. NFI operates approximately 50 million square feet of warehouse and distribution space, and its dedicated and drayage fleet consists of over 4,000 tractors and 9,700 trailers.

Social responsibility is a core value at NFI, with the wellbeing of its communities, employees, and customers being a top priority. The company continually works to identify and implement new and innovative solutions to improve its environmental impact. In addition to electric yard horse tractors, NFI operates electric trucks and Near Zero compressed natural gas trucks fueled with renewable energy within its dedicated and drayage fleet. NFI also has green equipment in place within its distribution space, including lithium battery powered forklifts.

The Kalmar Ottawa T2E Electric Terminal Tractor is designed for trailer handling operations in dispersed warehouses, container terminals and other applications where short distance road travel is required. It features Kalmar’s latest lithium-ion battery technology and a fully electric powertrain that produces zero emissions at source. The onboard inverter charger allows the vehicle to be ‘opportunity charged’ during work breaks; a battery monitoring system displays charge status and indicates when a recharge is required. Compared to a diesel-powered tractor, the Kalmar Ottawa T2E generates less noise, vibrations and heat, and – most importantly – no fumes.

Bill Bliem, Senior Vice President, Fleet Services, NFI: “After testing the demo unit from Kalmar Ottawa for a period of time, it was clear that we needed to collaborate with them to achieve our electric vehicle needs for terminal tractors. Kalmar brought a solution to the table that met our needs and corporate guidelines.”

Matt Napierala, Regional Manager Kalmar Ottawa: “We are pleased to assist NFI Industries in their proactive and industry-leading approach to utilize the latest electric vehicle solutions to fulfill their emissions initiatives. We are very excited that they were comfortable enough to rely on us, our partners, and our exceptionally strong dealer network to help them achieve their corporate objectives.”


 Source: Kalmar


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FX option expiry for Monday August 12 at the 10am NY cut

FX option expiry for Monday August 12 at the 10am NY cut … Get the latest breaking foreign exchange trade news and current updates from active …


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Happy father´s day

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SC Ports sees strong start to FY20 | Brazil Modal

As measured by the total number of boxes handled, SCPA moved 119,700 pier containers in July, up about 5% from a year ago.

“We accomplished so much in fiscal year 2019, including record cargo volumes and rail moves. We are excited to see fiscal year 2020 starting off so strong,” S.C. Ports Authority president and CEO Jim Newsome said. “Our entire maritime community — especially those working our terminals and running our operations — make these achievements possible.”

Inland Port Greer had its second-busiest month and strongest July ever with 15,338 rail moves, up 57% from this time last year.

Inland Port Dillon, now in its second year of operation, reported 2,889 rail moves in July, up 122% from a year ago when operations were ramping up.

“In fiscal 2020, we will work to grow our cargo volumes, particularly with increased retail cargo and distribution center presence, to support our ongoing infrastructure projects,” Newsome said. “In 2021, we will have the deepest harbor on the East Coast and the Hugh K. Leatherman Sr. Terminal — the only new container terminal in the U.S. — will open in North Charleston.”


Source: South Carolina Ports Authority


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IMF Says China Should Keep Yuan Flexible as Trade War Widens

China should keep its exchange rate flexible if additional intensification of the trade war with the U.S. threatens further harm to the economy, according …


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