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Difference between foreign trade and foreign aid 2019

Difference between foreign trade and foreign aid 2019 Game center nfl espn odds. Tagliavini spa linkedin stock. 1991 mercedes 560sel 0-60 times …


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Höegh Autoliners Appoints New CEO | Brazil Modal

Illustration; Image Courtesy: Höegh Autoliners

Ivar Myklebust, who served as CEO from November 2017, will be replaced by Thor Jørgen Gutormsen, the company announced on September 10.

Thor Jørgen served as CEO for Leif Höegh & Co between 1992 to 2008 and as non-executive director of Höegh Autoliners since 2014.

He has also been president of the Norwegian Shipowners Association and a board member of BIMCO and ECSA.

“We are very pleased that Thor Jørgen Guttormsen will lead Höegh Autoliners with the rest of the senior management team,” Leif Høegh, Chairman and Jan Kjaervik, Deputy Chairman of Höegh Autoliners, said in a joint statement.

“Thor Jørgen knows the company well and the board and shareholders have confidence in his ability to develop the company further. We thank Ivar Myklebust for his service to the company.”

Thor Jørgen Guttormsen was elected to the board of Höegh Autoliners in 2014.


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Export import licence

The firm / company require obtaining the import export license (IEC) from their local Foreign Trade office which is called the regional/local authorities.


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Short Sea, US Lines Drive CMA CGM’s Volumes Up | Brazil Modal

Image by Navingo

The company said that its shipping business remained strong in the second quarter, with significant improvement in volumes carried and in profitability, enabling the shipping activity to post a positive net result.

In the second quarter, volumes transported by CMA CGM increased by 6.3% compared to the second quarter of 2018 and by 6.8% compared to the first quarter of 2019. This positive trend, which is above market, is driven by the strong growth of intra-regional lines (short sea) and the United States lines, which remain particularly dynamic, the company said.

Second-quarter revenue stood at USD 7.7 billion, a year-on-year increase of 35%. The activity of the group’s maritime division has particularly benefited from the dynamisms of its intraregional lines and has posted a growth in volumes above global market growth.

Adjusted EBITDA came to USD 954 million for the period, of which USD 464 million from the impact of applying IFRS 16 and USD 147 million from the consolidation of CEVA Logistics. Excluding these two factors, adjusted EBITDA was up by a strong 60.1% year-on-year, at USD 343.6 million versus USD 214.6 million in second quarter 2018. This performance reflected both the sustained growth in revenue and the impact of the performance improvement and cost control plan under way since the beginning of the year.

“In a context of geopolitical uncertainty, the CMA CGM Group continues to focus its efforts on operational efficiency, cost control and the rationalization of its industrial activities and brands. In addition, the positive momentum generated by the acquisition of CEVA Logistics will gradually enable the group to benefit from a less volatile and more diversified environment than the maritime sector,” according to the company.

CMA CGM expressed confidence in the second half of 2019, “which should be better than the first one.”


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China's lead negotiator puts 'trade balance' at top of agenda as Trump flirts with idea of 'interim deal'

Liu, the top economic aide to President Xi Jinping, made the comments in Beijing on Thursday during a meeting with Evan Greenberg, president of the …


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Concordia Maritime Reels In USD 5 Mn for IMOIIMAX Success | Brazil Modal

Image Courtesy: Concordia Maritime

The amount is based on the cooperation between Stena Bulk and Concordia Maritime related to the IMOIIMAX concept.

The company explained that the payment is “a consequence of the commercial successes of the IMOIIMAX fleet since delivery.”

Expected to be made during the third quarter of 2019, the payment would be reported as other income.

During the second quarter ended June 30, 2019, Concordia Maritime reported an operating loss of SEK 7.8 million (USD 0.8 million), against an operating loss of SEK 55.5 million (USD 5.7 million) seen in the same period a year earlier.

“Developments during the second quarter were largely as we expected – namely, weak but still stronger than the corresponding quarter the previous year. Among the reasons were OPEC’s production cuts, extended seasonal maintenance of refineries prior to IMO 2020 and extensive deliveries of new vessels.”

During the first half of 2019, the tanker markets produced voyage result per day levels that exceeded the corresponding period in the slump year 2018 by 50-100 percent.

“Our view of market development going forward is largely unchanged. Several factors still point to a gradually stronger market in autumn,” the company noted.


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American Businesses Say China’s Slowdown Is a Greater Threat Than the Trade War

SHANGHAI—American companies are downshifting in China as its economy slows and trade tensions with the U.S. persist, according to a new survey that highlights softening revenue, reduced investment and job cutbacks.

The annual survey, released Wednesday by the American Chamber of Commerce in Shanghai, showed that 51% of the business lobby’s responding members said U.S. and Chinese tariffs had hurt revenue. However, Amcham members pointed to the interrelated issue of China’s economic weakening as the more pressing factor clouding their outlook.

For years, U.S. companies in Shanghai have been steadfastly optimistic about opportunities in China, and Amcham’s concerns mostly reflected the challenges of the high-growth market, including strong local competition and rising costs. The group has about 3,000 members, representing some 1,500 companies, including

Thermo Fisher Scientific

Walt Disney



, Duke University,


and Wells Fargo & Co.

More than three quarters of the 333 respondents to this year’s survey said they remained profitable in China last year, but only half forecast revenue growth in 2019, down sharply from 81% in 2018 and similar rates in recent years. Likewise, a solid majority—61%—said they held a positive view about business prospects in China over the coming five years. In past years, however, that figure was routinely 80% or higher. Now, 21% express outright pessimism about the five-year outlook, a figure that in the recent past hadn’t touched 10%.

The findings dovetail with a survey last month U.S.-China Business Council members that said optimism about China is at a historic low, more are halting investment and only a slight majority of companies expect their revenue in the country to rise next year.

A slowing Chinese economy is considered the biggest challenge in the next three to five years by nearly 58% of respondents, a risk recognized by only about a third of respondents a year earlier. Amcham said 18% of responding members intend to cut China investment this year, three times as many as those who said last year they planned to do so. Fifty-three percent of respondents said tariffs are leading to slower or less investment spending, while 20% said they plan to cut head count.

The manufacturing-heavy chamber of said market access remains a crucial demand of members, and 75% of them disapprove of President


’s application of tariffs, as members would prefer deeper engagement with China. More than two-thirds gave a thumbs down to the China International Import Expo trade fair, President

Xi Jinping

’s signature initiative to expand business opportunities for foreign companies.

The Chinese consumer market continues to entice U.S. companies. However, more of them are de-emphasizing sourcing and producing in China, reflecting concern, especially at technology companies, that they could become targets in the trade fight, Amcham officials said. “Fears of repercussions from the Chinese government, including non-tariff barriers such as increased regulatory scrutiny or inclusion on the anticipated unreliable entity list, may explain the decline, as could tariffs,” the report concluded. Beijing has threatened to blacklist American companies it perceives to be harmful to Chinese businesses after the U.S. took a similar action against China’s Huawei Technologies Co.

Manufacturers are exploring alternative locations such as Southeast Asia to make or buy products. In recent weeks, executives of

Home Depot

Best Buy


Urban Outfitters

have told investors their suppliers are working to source products outside China to avoid tariffs. “We hear it from the brands. We hear it from customers in China. So it’s very visible, very, very visible,” said

Ronen Samuel,

chief executive of Kornit Digital Ltd., an Israeli maker of machines that print on textiles that is active in the U.S., on a recent conference call.

The number of members participating in Amcham’s June-July survey fell by almost a quarter from past years to 333, with some telling the group they are uncomfortable answering questions about the increasingly politicized standoff between Washington and Beijing. In the survey, 66% of members said the trade battle would last at least a year, including 17% who predicted it would continue indefinitely.

Write to James T. Areddy at

Copyright ©2019 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8


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Happy Mid Autumn


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Port of Prince Rupert to receive mega investment support | Brazil Modal

The Port’s activity is expected to grow to over 50 million tonnes of trade annually within the next decade. The continued growth of cargo volume through the Port of Prince Rupert represents an increase in Canadian trade, regional economic development and employment, and continued participation of local First Nations in the region’s gateway economy. These projects are a springboard to unlocking future private sector investment in the new facilities and operations required to meet that growing demand.

The Prince Rupert Port Authority, in partnership with CN, were the recipients of $60.6 million for the Zanardi Bridge and Causeway project. The total project cost is estimated at $122 million. It will reduce operational conflicts and increase rail capacity to the Port of Prince Rupert to accommodate future growth in import and export trade for all current and future terminals. Key components of the project include the construction of a new double track bridge across the Zanardi Rapids, rehabilitation of the existing single track Zanardi Bridge, and expansion of the causeway between the Zanardi Bridge and Ridley Island.

The Prince Rupert Port Authority has received $49.85 million towards rail infrastructure required to service the Ridley Island Export Logistics Platform project. The project’s total cost is nearly $100 million and focuses on an expansion of the existing Road, Rail and Utility Corridor to further enable unit train access. The rail infrastructure is a precursor to a large-scale bulk transload facility, a large-scale breakbulk transload facility, and an integrated off-dock container yard. The Road Rail Utility Corridor expansion will create a platform to attract private-sector investment in export transloading and warehouse capacity at the port. A full build-out of logistics capability will be able to handle a significant increase in volumes, including dry bulk, forest products and other commodities.

The Metlakatla Development Corporation, the economic development arm of the Metlakatla First Nation, was the recipient of $43.3 million toward the Metlakatla Import Logistics Park project. The $89 million project consists of a 25-hectare site development on South Kaien Island that will enable transload and warehouse operations to provide increased flexibility and value-added capabilities for import supply chains. The Import Logistics Park is a strategic complement to the Export Logistics Platform and will be fully integrated into DP World’s Fairview Container Terminal and the Port’s intermodal ecosystem to ensure unparalleled efficiency and fluidity.

“We are pleased to see over $150 million of federal investment committed to the Prince Rupert Gateway. We see it as indicative of the growing role that the Port of Prince Rupert plays in adding value to Canadian supply chains and growing Canada’s trade with the world.
“These investments will enable the development of gateway infrastructure that will support ongoing growth in capacity and resiliency of the gateway.” – Shaun Stevenson, President and CEO of the Prince Rupert Port Authority

“The Port of Prince Rupert is a recognized and growing North American gateway with Asia, an important conduit for expanding and diversifying trade. CN applauds the level of investment and the commitment from the National Trade Corridors Fund to accelerate and lever CN’s own capital investments towards the Zanardi Bridge and Causeway project.”
– JJ Ruest, president and chief executive officer at CN

“Today’s announcement is a significant step toward realizing our vision of a Logistics Park on Metlakatla lands to improve the efficiency of Fairview Terminal and help enhance the Prince Rupert Gateway. This project will benefit all who live in Coast Tsimshian Territory by creating new jobs related to both the construction and long-term operations of the facility. The Metlakatla Development Corporation is proud to be a part of this and other economic development projects to the benefit of the people who call this area home and to our shareholders, the members of the Metlakatla First Nation.” – Harold Leighton, CEO of the Metlakatla Development Corporation



Source: Port of Prince Rupert


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India balance of trade statistics

MSFTI – Monthly Statistics of Foreign Trade of India MSITS – United Nations' Manual on Statistics of International Trade in Services NASSCOM …


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