Newsletter – February 7, 2018

OCEAN FREIGHT UPDATES

Container terminal operator DP World handled a record 70.1m teu at its global facilities last year – 10.1% more boxes than in 2016.
source: theloadstar.co.uk
On a like-for-like basis, the world’s third-biggest operator increased its container throughput by 9.7% in 2017 at its 78 marine and inland terminals. Read more here (login required)

Disabled MOL Prestige a few days away from port under tow
source: splash247.com
Previously adrift containership MOL Prestige is anticipated to arrive under tow at an as-yet-unidsclosed North AMerican port around Saturday February 10, weather permitting, ownerse Mitsui OSK Lines (MOL) said. Read more here.

CMA CGM introduces REEFLEX: a new and unique system for the transportation of liquids by container
source: ajot.com
An ideal alternative to break bulk for the transportation of liquids which optimally preserves the product’s properties
CMA CGM, a world leader in maritime transport, is pleased to announce, on the occasion of the 2018 edition of FRUIT LOGISTICA in Berlin (Germany), the launch of the most advanced solution for the transportation of liquids by controlled temperature: REEFLEX. Read more here.

INTERNATIONAL BUSINESS- GOVERNMENT UPDATES

Why Is China Buying Up Europe’s Ports?
source: foreignpolicy.com
China’s trillion-dollar signature foreign-policy project, the Belt and Road Initiative, is often lampooned as just a fuzzy concept with little to show for it on the ground.
But in bustling ports from Singapore to the North Sea, state-owned Chinese firms are turning the idea into a reality with a series of aggressive acquisitions that are physically redrawing the map of global trade and political influence. Read more here.

Despite Trump’s tough talk, trade gap widens to 9 year high
source: canadianshipper.com
Washington, DC —President Donald Trump campaigned on a promise to overturn U.S. trade policy and bring down the country’s massive, persistent trade deficits.
After a year in the White House, he still has a lot of work to do. Read more here.