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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Mediterranean Shipping Company (MSC) said it is adjusting fuel charges upward and said it has filed a general rate increase for all cargo moving from Asia to the United States and Canada effective Oct. 1 “in anticipation of continued strong demand in the early part of October.”    The company said it would advise customers of “the exact amount we
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With Canada expected to announce consultations Tuesday on potential measures to limit steel transshipment, there’s evidence countries are already upping their exports to Canada. Imports of iron and steel from countries other than the U.S. have spiked, coinciding with President Donald Trump’s imposition of 25 percent tariffs on foreign steel from Canada and other countries.
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PSA International Pte Ltd (PSA) has, through its wholly-owned subsidiary PSA Canada Holdings Ltd, signed an Investment Agreement with 611216 B.C Ltd (dba Ashcroft Terminal or AT) to acquire 60 per cent of Ashcroft Terminal business in Western Canada. AT is an inland port facility located approximately 300 km east of the Port of Vancouver
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More Canadian soybeans are finding their way into the Chinese market as US origin soybeans become uncompetitive after the 25% import duty was imposed from July 2018. About ten vessels of soybeans have been sold to China, on a CFR basis, in August at prices ranging from 270 to 280 cents/bushel over November CBOT Futures
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A row over human rights in Saudi Arabia will not have any impact on Saudi oil supplies to Canada, its energy minister said on Thursday, reassuring customers after Riyadh froze new trade with Canada and ruled out mediation efforts. Saudi Arabia, angered by Canada’s demand last week that jailed activists in the kingdom be freed
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SINGAPORE: PSA International Pte Ltd (PSA) has through its wholly-owned subsidiary PSA Canada Holdings Ltd, signed an Investment Agreement with 611216 B.C Ltd (dba Ashcroft Terminal or AT) to acquire 60% of Ashcroft Terminal business in Western Canada. AT is an inland port facility located approximately 300 kilometres East of the Port of Vancouver (POV).
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Argentine biodiesel producer Ecofuel exported 29,000 tonnes of biodiesel to Canada in March and plans to make a new shipment of the same volume to the country this month, an advisor to biofuels industry group Carbio said. The deal, which marks Argentina’s first biodiesel exports to Canada, comes after the United States placed tariffs on
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Japan’s Ministry of Agriculture seeks to buy 136,616 tonnes of food-quality wheat from the United States, Canada and Australia in a regular tender that will close late on Thursday. Japan, the world’s sixth-biggest wheat importer, keeps a tight grip on imports of the country’s second-most important staple after rice, and buys the majority of the
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Rising government costs, the burden of inefficient regulations, and the lack of infrastructure to move Canadian energy to growing markets are all undermining investor confidence in Canada and negatively affecting the country’s ability to attract the capital needed to create jobs and national prosperity, according to A Global Vision for Canadian Oil and Natural Gas,
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