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Zeebrugge tugboat complied with IMO 2020 | Brazil Modal

To ensure that the vessel is complying with the IMO Tier III standard, the ABC engine’s exhaust fumes are subjected to a special after-treatment known as Selective Catalytic Reduction (SCR).

Gert Van Den Steene, Manager Aftersales Department of Anglo Belgian Corporation, commented:

‘The project posed quite a challenge – in that we needed to set up and install a complete SCR system on board an existing tug with a complex engine room, while retaining the tug’s operational and practical functions.’

The decision to select Union Koala was based on the available space in the tugboat’s engine room for installing the SCR system. In addition, Union Koala is still in service in Zeebrugge’s port area: the Zeebrugge port authorities attach strong importance to sustainability and promote reducing vessels’ environmental footprint.

Boluda Towage Europe’s CEO Geert Vandecappelle, noted:

‘As a long-term partner of the Port of Zeebrugge, Boluda Towage Europe has committed itself through this project to the port authority’s environmental objectives. I am proud that through a joint effort, our technical department, Anglo Belgian Corporation and Flanders Ship Repair have brought this challenging project to a successful conclusion.’

When it comes to its sustainability policy, Boluda Towage Europe has not only limited itself to this initiative. The company also contributes to the reduction of shipping emissions in other European ports. At present, Boluda’s operational fleet includes five hybrid tugboats: RT Adriaan, RT Evolution, RT Emotion, Adventure and Experience. The company will be exploring further opportunities to increase sustainability in the near future.


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What is in the China trade deal?

This suggests the “transformative” phase one deal is more an uneasy ceasefire than an end to trade tensions. For many industries that import intermediate goods from China, the deal confirms that tariffs are now the “new normal.” That’s not welcome news to business leaders, of course. The Trump administration’s tariffs have caused significant damage to U.S. manufacturing. They have led to higher prices and fewer jobs, according to a recent Federal Reserve study.

The persistence of tariffs despite obvious economic costs has also been a source of consternation for Chinese analysts and policymakers, who anticipated that interest groups harmed by tariffs would constrain Trump in trade negotiations.

A strategic miscalculation for Beijing?

China has now committed to purchase an additional $200 billion in U.S. goods over the next two years, reduce various agriculture barriers, boost intellectual property protection, liberalize its exchange rate policy and financial services sector, and end forced technology transfers.

Chinese state-run media have been in damage control mode to spin these as “deepening reforms” – not concessions. In fact, the phase one deal contains little to address Beijing’s three core concerns: elimination of all tariffs, realistic trade purchase demands, and an agreement that balanced demands on both sides.

The signed deal also suggests that China’s strategy to “seek peace through war” by targeting vulnerable Republican districts with retaliatory tariffs appears to have achieved less than Beijing hoped. China, it seems, was overconfident in its ability to use U.S. interest group politics to leverage Beijing’s position in the trade talks.

How trade lobbying fell short

The U.S. business community — a powerful force in economic policymaking — has long acted as a ballast in the U.S.-China relationship. Over 150 business associations joined forces in opposition to the U.S. tariffs, and lobbying on trade issues skyrocketed after 2018. But if money talks in American politics, then why have U.S. businesses failed to constrain the president — even though many U.S. companies see the trade war as bad for business?

In their 2015 book, Helen Milner and Dustin Tingley explain that in “normal” trade politics, interest group lobbying and political pressure constrain the president because trade policies affect such a wide swath of business interests and voters — what political science calls “distributive politics.” And ideological divisions within the United States also act as a constraint on trade policy. Historically, Republicans opposed tariffs as unwanted government intervention while Democrats tended to be suspicious of trade liberalization.

Trump’s trade war with China turned these expectations on their heads. The president appears unconstrained by either interest groups or Congress. His administration pursued a strategy of compensating farmers while largely ignoring the needs of manufacturers, retailers and consumers. Here’s how this played out.

Was this a “Tragedy of the Commons”?

Powerful business groups lobbied hard against tariffs — perhaps too hard. The channels for access in Washington remain constant, but the flood of firms trying to squeeze through these channels may have crowded out one another. Research by In song Kim has shown that a typical trade bill might have just one lobby group’s attention. By contrast, more than 4,000 firms attempted to lobby the office of the U.S. Trade Representative and Congress on the section 301 tariffs.

The USTR exclusion process lets companies try to protect their own products from tariffs. Companies facing higher costs because of tariffs are incentivized to hire lobbyists to seek individual exclusions for their own products, and undermine the requests filed by competitors. This results in a classic tragedy of the commons — few companies succeeded in obtaining tariff exclusions, and the majority of U.S. firms will continue to pay the cost of high tariffs.

Ideological convergence over China

In addition, the traditional ideological division between Republicans and Democrats over trade retreated during the China trade war. Instead, a bipartisan consensus seemed to emerge, with U.S. policymakers seeing trade issues as part of the broader U.S.-China competition. When ideological divisions are high, different political beliefs about other countries’ motives and actions can constrain the president in setting foreign policy.

But Chinese foreign policy under Xi Jinping, including the Belt and Road Initiative, have only reinforced the narrative in Washington that China is becoming increasingly assertive. In multiple interviews I conducted with U.S. policymakers, the message was clear: Being tougher on China is the only bipartisan issue that everyone can agree on.

My co-authors and I have traced the roots of this backlash to the China trade shock — some U.S. communities were hit far harder by the surge in Chinese exports. Republican legislators from import-competing districts blame China for the economic dislocations in their districts. Trump’s China-bashing campaign seized upon the gap between Republican leaders and voters on support for free trade, and his election marked an end to decades of Republican orthodoxy on trade and China.

What happens now? This bipartisan consensus around confronting China is unlikely to fade, regardless of who wins the presidential election. Selective decoupling of the two economies will continue as the inevitable consequence of tariffs remaining in place. But as negotiators prepare for the phase two trade negotiations, distributive politics may become more salient as the burdens of tariffs push interest groups to better coordinate their lobbying efforts.

Jiakun Jack Zhang (@HanFeiTzu) is an assistant professor of political science at the University of Kansas, where he studies the political economy of trade and conflict in East Asia.


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Wärtsilä LNG tech supports next-gen cargo ships | Brazil Modal


The ships will be among the first-ever of their type to be powered by LNG fuel. Because of space restrictions on short-sea cargo ships, Wärtsilä developed a customised solution in close cooperation with the naval architect and the owners that allows the Wärtsilä LNGPac storage and supply system to be installed below deck without compromising the cargo hold space. Furthermore, the propulsion efficiency will be optimised as a result of Wärtsilä’s Opti Design capabilities that tailors the propeller and HP nozzle to specifically align with the vessel’s hull. These integrated technologies will be supported via Wärtsilä’s Data Collection Unit (WDCU) with iCloud based services and remote monitoring to optimise operability, fuel economy, and periodic maintenance.

“Our recognised leadership in LNG technologies is again shown with this order. Wärtsilä’s expertise in delivering fully integrated systems, and our emphasis on partnering with customers and other stakeholders to develop the optimal solution can lead to state-of-the-art vessels, as is we have here,” says Luuk Hijlkema, Account Manager, Sales, Wärtsilä Marine.

“We are very pleased to have these next-generation sustainable vessels. Minimising our environmental footprint has long been a focal point for us, and the reduction of emissions is a fundamental part of this. The new vessels running on LNG fit well into our continuous drive for greener operations,” comments Ad Toonen, Technical Director, Wijnne & Barends.

The four ships will each have a Wärtsilä 34DF dual-fuel main engine, a Wärtsilä gearbox, a Wärtsilä controlled pitch propeller (CPP) with HP nozzle, and a Wärtsilä LNGPac system. The equipment will be delivered to the yard during Q4 2020, and the first vessel is expected to be delivered during autumn 2021.

The 5800 DWT Lo-Lo (lift-on, lift-off) vessels will operate in the Baltic and North Seas and will be Finnish/Swedish Ice Class 1A classified. Six previously ordered vessels for Wijnne & Barends, which are already under construction, are also being fitted with Wärtsilä main engines and CPP propellers.


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Inner Mongolia sees foreign trade growth in 2019

HOHHOT, Jan. 19 (Xinhua) — The foreign trade of northern China’s Inner Mongolia Autonomous Region rose to 109.57 billion yuan (about 15.97 billion U.S. dollars) in 2019, up 5.9 percent year on year, the Hohhot customs said Sunday.

The region’s exports totaled 37.68 billion yuan, down 0.4 percent year on year, while its imports increased 9.5 percent to about 71.89 billion yuan last year.

Inner Mongolia’s trade with its major trade partners maintained stable growth in 2019. Its trade with Mongolia and the United States grew 7.5 percent and 19.1 percent, respectively.

In 2019, the region’s trade with countries along the Belt and Road reached 71.3 billion yuan. So far, Inner Mongolia has trade exchange with 62 countries along the Belt and Road. Its trade with these countries totaled 356.62 billion yuan over the past six years.


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Port of Prince Rupert achieves record year | Brazil Modal


Supporting the overall positive trend was strong performance at DP World’s Fairview Container Terminal with over 1.2 million TEUs at an increase of 17% over 2018, the addition of propane volume through AltaGas’ Ridley Island Propane Export Terminal, and growth in coal handled at Ridley Terminal where cargo levels were up 18% over the previous year. Northland Cruise Terminal also saw a year-over-year increase in passenger volumes of 35%, totalling over 12,400 visitors to Prince Rupert through cruise travel.

“The Port of Prince Rupert’s consistent record-breaking annual volumes confirms the Port’s growing role in Canadian trade,” said Shaun Stevenson, President and CEO of the Prince Rupert Port Authority. “The Port of Prince Rupert has a reputation for offering strategic advantages to shippers. The 2019 volumes illustrate the growing market demand for the Prince Rupert gateway and further validates our plans for growth and expansion over the next several years.”

PRPA’s latest economic impact study released in 2019 revealed that port-related growth has resulted in the Port of Prince Rupert handling approximately $50 billion in trade value annually and supports an estimated 3,600 direct supply-chain jobs in northern BC, $310 million in annual wages, and $125.5 million in annual government revenue.

In 2019, several infrastructure projects supporting growth and diversification at the Port of Prince Rupert were announced, including the Ridley Island Export Logistics Park, the Zanardi Bridge and Causeway Project, and the Metlakatla Import Logistics Park – all of which are supported by the Government of Canada’s $153.7 million investment through its National Trade Corridors Fund. Moreover, construction commenced on PRPA’s Fairview-Ridley Connector Corridor. The 5.5-kilometre corridor will provide a physical platform for two new rail sidings and a private two-lane haul road between Fairview Container Terminal and Ridley Island.

An anticipated $2 billion in capital expansion projects starting in 2020 will support further cargo growth, including DP World’s Fairview Terminal expansion project that will bring the terminal’s capacity up to 1.8 million TEUs by 2022; the Vopak Pacific Terminal project, which is currently undergoing its environmental assessment and expects to make a final investment decision in 2020; as well as Pembina’s Prince Rupert Export Terminal, which is currently under construction and anticipates being operational in late 2020.


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Mongolia’s foreign trade surplus reaches USD 1.5 billion in 2019

Ulaanbaatar/MONTSAME/. In
2019, Mongolia traded with 152 countries from all over the world and total
trade turnover reached USD 13.7 billion, of which USD 7.6 billion were exports
and USD 6.1 billion were imports. Total foreign trade turnover increased by USD
860.6 (6.7%) million, of which exports increased by USD 608.0 million (8.7%)
and imports increased by USD 252.6 million (8.0%) compared to the same period
of previous year.

Mongolian foreign trade
balance has been in surplus since 2014 and foreign trade surplus reached USD 1.5
billion in 2019, increased by USD 355.4 million (31.3%) from previous year.

In December 2019, exports
and imports reached to USD 564.2 million and USD 543.6 million, respectively. Compared
to the previous month, exports increased by USD 37.3 million and imports
increased by USD 24.4 million. 

In December 2019, foreign
trade surplus reached to USD 20.5 million. Compared to the previous month, foreign
trade surplus increased by USD 12.9 million.

In total turnover, trades
with two neighbor countries China and Russia have highest shares where trade with
China was USD 8.9 billion in 2019, which is 64.4% of total goods turnover and
89.1 percent of exports.

In total export goods to
China, 44 percent was coal and 26.4 percent was copper concentrate. While 77.5%
of total export goods to the United Kingdom, 76.7% of total export goods to
Singapore and 98.8% of total export goods to Switzerland were gold.

In 2019, imports by main
countries, China share to 33.6%, Russia share to 28.2%, Japan share to 9.6%, USA
share to 4.7% and Korea share to 4.4% of total imports.

Petroleum products share to
55.8% of Russia’s imports, Cars share to 60.9% of Japan’s imports, trucks share
to 13.8% of China’s imports and there are many different types of products
share to other percent.

The 608.0 million increase
in exports from the same period of previous year was mainly due to the increases
in exports of USD 288.2 million in bituminous coal and USD 273.9 million in raw
or semi-manufactured gold.

Before the discovery of the
major mining sites, agriculture was main economic sector of Mongolia. In 2019
by preliminary estimate, Mongolia exported USD 132.2 million meat and meat
products, which is USD 17.2 million or 27.4% lower compared to previous year.

Export of washed cashmere
increased by USD 46.3 million, while export of combed raw cashmere decreased by
USD 9.6 million. Export of both washed cashmere and combed raw cashmere makes
up to 4.3 percent of total export.

The USD 252.6 million
increase in imports from the same period of previous year was mainly due to USD
46.5 million increase in mineral products imports, especially, USD 92.6 million
increase in diesel imports and USD 267.0 million increase in imports of
transport vehicles and its spare parts. 
In 2019, Mongolia imported
94065 vehicles, in which 69472 were cars. Imported cars increased by 5433 or
8.5% from previous year.

Exports of mineral products,
textiles and textile articles, natural or cultured stones, precious metals jewelry
made up 94.9 percent of total export. On the other hand, 68.9 percent of
imports was mineral products, machinery, equipment, electric appliances,
transport vehicle and its spare parts and food products.


Source: National Statistics Office of


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Amsterdam breaks transhipment record | Brazil Modal

Transhipment in IJmuiden fell by 7.9% to 17.2 million tonnes, while Beverwijk and Zaanstad saw transhipment stabilise at 0.7 million tonnes and 0.2 million tonnes, respectively. This is revealed in the provisional transhipment figures announced today.

Large increases

The record set in the port of Amsterdam in the previous year is primarily attributable to an 18% increase in the transhipment of energy products, such as coal, to 15.5 million tonnes, compared to 13.1 million tonnes in 2018. The increase in coal transhipment can be attributed to market conditions, which led to strong growth in exports to non-traditional markets such as Asia and the Black Sea region. This growth is not expected to be structural. The closure of the Amsterdam-based Hemweg power plant 8 in December resulted in the cancellation of a large coal transaction. The transhipment of oil products also rose in 2019 to 50 million tonnes, compared to 47.4 million in 2018. This increase was caused by favourable conditions in the petrol market.

Other dry bulk also increased by 6% – a substantial growth – to 33.6 million tonnes, compared to 31.6 million tonnes in 2018. Container transhipment also increased by 12% and transhipment in Ro-Ro rose by 17%. Transhipment of chemical products and construction materials rose by 3.4% and 2.4%, respectively.

Large decreases

These records were also offset by decreases. The agri cargo flow fell in the previous year by 5% to 7.9 million tonnes and general cargo fell by 35% compared to 2018.

Cruise calls

Amsterdam received 117 seagoing cruise ships in 2019, compared to the previous year’s 180. The main reason for this decrease is due to the introduction of the tourist tax, which entered into force on 1 January 2018. The number of seagoing cruise ships that will be visiting Amsterdam in 2020 is expected to remain the same as last year; 12 of the cruise ships will be coming to the city for the first time. The number of sea cruise passengers fell to 294,000 compared to 425,000 in the year prior.  The number of seagoing cruise ships visiting IJmuiden increased to 62 from the previous year’s 30. The number of river cruise ships that called in 2019 was 2,282, compared to 2,007 a year earlier.

Imports and exports

Imports in the port of Amsterdam increased by 5.7% in the previous year to 53.2 million tonnes. Exports grew by 5.5% to 33.6 million tonnes.

Leased-out land

A total of 20 hectares of land was leased out in 2019, compared to 43 hectares in 2018. Large parcels of land were leased out to Granuband and the 5.7-hectare distribution centre at the Conakryweg. Port of Amsterdam also purchased a 6-hectare lot in HoogTij in 2019, after having purchased 10 hectares in 2016.

Source:  Port of Amsterdam


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Asian shares decline on revived jitters over trade deal


BANGKOK (AP) — Shares retreated in Asia on Wednesday as conflicting reports raised concerns over the likely outcome of a trade deal to be signed by the U.S. and China.

Japan’s Nikkei 225 index lost 0.5% to 23,916.58 while the Hang Seng in Hong Kong dropped 0.6% to 28,722.86. The Shanghai Composite index gave up 0.5% to 3,090.04. In South Korea, the Kospi slipped 0.4% to 2,230.98. Shares also fell in Taiwan and in Southeast Asia. But the S&P ASX 200 climbed 0.5%, breaching an intra-day record high, to 6,994.80, on optimism over the preliminary trade agreement due to be signed later in the day.

The declines followed a mixed session on Wall Street Tuesday as investors parsed the latest indications on trade relations between the two largest economies. Traders were spooked by a report that U.S. tariffs would remain in place on Chinese goods even after a preliminary deal is signed Wednesday.

The Wall Street Journal reported that the Trump administration was preparing to further tighten controls on technology exports to Huawei Technologies.

The trade deal may only mark a “detente” in trade tensions, said Stephen Innes of AxiTrader.

“But I think after two years of trade war noise, hopefully, the markets have learned to take all the bluster with a grain if not a barrel of salt,” Innes said.

Overnight, major U.S. stock indexes shed most of their gains from earlier in the day after a report said the interim trade deal between the U.S. and China does not remove tariffs on Chinese goods.

Technology stocks accounted for much of the selling. The sector is particularly sensitive to developments in trade relations because many of the companies rely on China for sales and supply chains.

Nvidia led Tuesday’s slide, dropping 1.9%. Health care stocks led the gainers, receiving a big boost from Perrigo, which vaulted 12.6%. Boston Scientific fell 6.2% after giving Wall Street a weak fourth-quarter sales update.

“Would the market be more satisfied with a reduction in those tariffs? Absolutely,” said Quincy Krosby, chief market strategist at Prudential Financial. “Nonetheless, you don’t want to have an escalation in the tariff war. That was the most important thing for the market.”

The S&P 500 index fell 0.2% to 3,283.15 after gaining as much as 0.2% earlier. The Nasdaq slid 0.2% to 9,251.33.

The Dow rose 0.1% to 28,939.67, while the Russell 2000 index of smaller company stocks climbed 0.4%, to 1,675.74.

Bond prices rose. The yield on the 10-year Treasury slipped to 1.81% from 1.84% late Monday.

President Donald Trump and China’s chief negotiator, Liu He, are scheduled to sign a modest trade pact Wednesday that calls for the U.S. to ease some sanctions on China. The U.S. dropped its designation of China as a currency manipulator ahead of the signing.

Beijing, meanwhile, will step up its purchases of U.S. farm products and other goods.

While the deal is limited in its scope, investors hope it will prevent further escalation in the conflict that has slowed global growth, hurt American manufacturers and weighed on the Chinese economy.

With the trade issue entering a new stage, Wall Street is focusing on the rollout of corporate earnings reports over the next few weeks.

Several large banks were among the companies that kicked off the latest earnings season on Wall Street Tuesday.

JPMorgan Chase rose 1.2% after the banking giant reported a surge in profits because of a blowout quarter from its trading desks. The earnings handily beat analysts’ forecasts. Citigroup climbed 1.6% after reporting a similar jump in profits because of its trading operations.

Wells Fargo did not fare as well. The bank’s stock slumped 5.4% as its profit and revenue dropped because of hefty costs and lower interest rates. Wells Fargo is still under growth restrictions by regulators after years of missteps, beginning in 2016 with the uncovering of millions of fake checking accounts its employees opened to meet sales quotas.

Delta Air Lines rose 3.3% after the company increased its fourth-quarter profit to $1.1 billion by adding more flights over the holiday period and packing them even more full of passengers. The results beat Wall Street’s forecasts.

Delta’s solid report helped lift some of its rivals. United Airlines rose 1.1% and American Airlines gained 0.5%.

Wall Street expects corporate profits for S&P 500 companies in the last three months of 2019 to be down by 2%. That would be the first time that earnings for the S&P 500 would have declined four quarters in a row since the period ending in mid-2016, according to FactSet.

Benchmark crude oil lost 11 cents to $58.12 a barrel in electronic trading on the New York Mercantile Exchange. It gained 15 cents on Tuesday, to $58.23 per barrel.

Brent crude oil, the international standard, gave up 11 cents to $64.38 per barrel. It gained 29 cents on Tuesday to $64.49 a barrel.

Gold rebounded, gaining $7.10 to $1,551.70 per ounce.

The dollar slipped to 109.94 Japanese yen from 109.97 yen on Tuesday. The euro was flat at $1.1128.


AP Business writers Alex Veiga and Damian J. Troise contributed.


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Large crane part moves through JAXPORT | Brazil Modal

The part arrived at JAXPORT from Poland aboard the Spliethoff general cargo vessel Sluisgracht. Stevedores lowered the beam onto the terminal before lifting it onto a barge for transport to its destination at a North Florida shipyard where it will be added to a ship as part of a vessel refurbishment.

Talleyrand Marine Terminal offers 4,780 linear feet of berth space, on-dock rail, and is conveniently located near three U.S. interstates, I-10, I-95 and I-75. Jacksonville’s skilled workforce offers a variety of labor options, including highly trained master riggers specializing in heavy lift and project cargo.

Source:  JAXPORT


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Vietnam 2019 trade surplus $11.12 billion, beating $9.94 billion forecast: customs

HANOI (Reuters) – Vietnam recorded a trade surplus of $11.12 billion last year, widening from a surplus of $6.8 billion in 2018, customs data released on Monday showed, with smartphones, garments and electronic home appliances among the largest export earners.

Exports in 2019 rose 8.4% to $264.189 billion, while imports rose 6.8% to $253.071 billion, the Customs Department said in a statement.

Key imports were electronics and machinery, the department said.

Vietnam’s exports of smartphones and spare parts, mostly produced by Samsung Electronics (005930.KS), rose 4.4% last year to $51.38 billion, the data showed.

In December, Vietnam’s exports fell 1.0% from November to $22.56 billion, while imports were up 4.5% at $22.30 billion, resulting in a trade surplus of $259 million.

The General Statistics Office late last month forecast the 2019 trade surplus at $9.94 billion, and December’s trade deficit at $1 billion.

Monday’s data also showed Vietnam’s trade surplus with the United States, Vietnam’s largest export market, widened to $46.98 billion last year from $34.87 billion a year earlier.

Vietnam is at risk of being labeled a currency manipulator by the U.S. because of its trade surplus with the U.S., a highly positive current account balance and because its central bank has been quite active in terms of net foreign exchange purchases.

Vietnam has been seeking to import more U.S. goods to help narrow the trade gap following threats by President Donald Trump to impose tariffs on its products amid the Sino-U.S. trade war.

Vietnam’s trade deficit with China rose to $34.04 billion last year from $24.15 billion a year earlier. Vietnam relies on China, its largest trading partner, for materials and equipment for its labor-intensive manufacturing.

Reporting by Khanh Vu; Editing by Nick Macfie


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