Cargo Owners in North America Breathe a Sigh of Relief after US & Canada sign last-minute trade agreement

After the US and Canada signed a last-minute trade agreement, in coordination with Mexico to create a new North American Free Trade Agreement to be renamed as the United States-Mexico-Canada Agreement (USMCA), cargo owners in North America have breathed a sigh of relief. The agreement-in-principle means that Canada will escape potentially devastating national security tariffs
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SAL Heavy Lift GmbH, founded in 1980 near Hamburg, is one of the world’s leading carriers specialised in the sea transport of heavy lift and project cargo. Adhering to all QHSE requirements, it has its own fleet of heavy lift vessels with combined crane capacity up to 2,000 t, offering innovative and highly flexible solutions.
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Commodity trading company Trafigura Group has decided to create a joint venture with IFM Investors for certain assets of Trafigura’s ports and warehousing company Impala Terminals and entered into a long-term partnership with the fund manager. Specifically, Trafigura entered into an agreement with IFM Global Infrastructure Fund under which the latter company will invest in
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The Union Cabinet has given its ex-post facto approval to the Second Protocol amending the Comprehensive Economic Cooperation Agreement (CECA) between India and Singapore. The CECA was signed on August 24, 2018. Signing of the Second Protocol will enhance bilateral trade and deepen the economic cooperation between India and Singapore. It will also improve utilisation
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Senior stakeholders believe that the global maritime industry is not prepared to deal with major issues that are likely to impact it over the next ten years. This is according to the Global Maritime Issues Monitor 2018, published by the Global Maritime Forum, global insurance broker and risk adviser Marsh, and the International Union of
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NEW DELHI : Rupee depreciation does not benefit exporters, instead, a stable currency is needed for long term sustainable growth of India’s international trade, industry body CII said recently. In the present globalised environment, majority of costs like raw material, shipping charges, warehousing and other related services are denominated in foreign currency or at import
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U.S. futures and the Canadian dollar pushed higher at the start of the final quarter after the U.S. and Canada reached a last-minute deal late Sunday night to revise the North American Free Trade Agreement. The Canadian dollar rose 0.5% against the U.S. dollar to its highest level since May, while the Mexican peso climbed
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Multinational commodity trading company Trafigura has terminated a time charter contract for chemical/product tanker Dalmacija with Croatian shipping company Tankerska Next Generation (TNG).   After nearly three years from delivery, the duo has mutually agreed to conclude an almost fully utilized time charter employment contract for the eco-designed MR product tanker. The 56,000 cbm vessel has
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HAIFA: ZIM and MSC are pleased to announce a new cooperation, offering a fast and reliable connection between the sub-continent and the Mediterranean, as follows: •             ZII – ZIM India Israel Service with the following rotation:  Nhava Sheva – Mundra – Haifa (West bound only). •             ZIE – ZIM India East Med Express with the
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GENEVA / MUMBAI: MSC and ZIM are pleased to announce a new cooperation, offering a fast and reliable connection between the India Sub-continent and the East Mediterranean Ports. The new cooperation is due to commence during the second half of October 2018, connecting Indian Ports and major East Mediterranean Ports and will enhance MSC commitment
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