Logistics News

Minister: Indonesia denies involvement in the transshipment and trans-shipment of goods as claimed by a recent U.S. government report

Airlangga hartarto, Indonesia's senior economic minister, denied the recent U.S. claim that it was involved in a 'transshipment' of a goods. Here are some details: * Airlangga was referring to the report published by Washington which stated that the U.S. is losing between $19 and $26 billion annually in 'tariff revenue' due to 'goods, mostly originating from China, being transshipped via third countries including Indonesia to avoid U.S. Import duties. * "Indonesia, along with Brazil, Malaysia Thailand, Turkey and Vietnam, has been accused of being a part of a global?transshipment -network. "We deny that these allegations are true," said the
Western Europe

Shein delays Hong Kong debut until September, SCMP reports
LSEG data indicates that France is set to ship rare wheat to Sudan

LSEG data showed that a ship in 'France will be loading '67,000 metric tonnes of wheat bound for 'Sudan in the next few days. This is the first shipment of this kind in 18 years. The data indicated that a bulk carrier would have begun loading at Rouen on Wednesday, before topping off next week at Dunkirk - another northern French port. According to data from the European Commission, France, as the largest wheat producer in Europe, hasn't exported wheat to Sudan since 2008. The traders are watching to see if the importers will look for alternative supplies of grain
Transport Infrastructure

Bundesbank: German economy is hampered due to depleted rivers
The Iran War energy crisis has just begun: Bousso

The Iran War has brought the oil refining sector to its knees, indicating that gasoline and diesel prices could remain high for many years. The global energy inflation shock will continue to be felt, whether or not a deal is reached. Oil markets have adapted well to the sudden loss of a quarter of the world's crude oil supplies during the conflict in the Middle East, but the refinery industry has had fewer options. The difference between the crude oil and fuel prices is telling. Benchmark Brent crude is currently around $90 per barrel. Although this is a 25% increase
Asia

Vietnam's foreign ministry says it will constructively address US concerns about transshipment.

Vietnam's Foreign Ministry said that it will continue to address U.S. concerns about transshipment in a constructive manner. Washington had said last week it lost annual 'tariff revenues' of between $19 and $26 billion on goods, mostly from China, which are transshipped via third countries including Vietnam to avoid U.S. import duties. Pham 'Thu Hang, spokesperson for the Foreign Ministry in Hanoi, said at a regular Hanoi press conference: "We will...continue to engage...in dialogue regarding U.S. concerns in a positive manner and consistent the Vietnam-U.S. Comprehensive Strategic Partnership." She said: "This will 'help to maintain the stable, mutually benevolent growth
The parent company says that the Epstein-linked chairman of Malaysian Port Operator was selected for his expertise.

Poland and Baltics look to protect energy assets after undersea cable cuts

The Baltic states are working with Poland to protect the energy facilities they need as they decouple their power grids from Russia, Lithuania's energy minister told Reuters, following damage to undersea cable televisions in the area. Polish and baltic state-run power grid operators are working on an arrangement to guarantee the smooth running of the decoupled system, and how to repair it if needed, Zygimantas Vaiciunas said in an interview...

Transport Infrastructure

Fuel shortages in Russia force Russia to receive Indian gasoline cargo

Three industry sources and LSEG data revealed that at least one cargo of fuel?from India? has entered the Russian domestic market as Moscow tries to alleviate fuel shortages caused by a?Ukrainian drone swarm on refineries. Russia has taken a number of measures to help support its domestic fuel market following repeated Ukrainian attacks against oil refineries that caused shortages and price spikes. These measures include the import of gasoline by rail from Belarus and Kazakhstan, as well as a ban on fuel sales. In July, Deputy Prime minister Alexander?Novak announced that Russia would import oil products in order to stabilize...

Oman claims that weather and technical difficulties are hampering the salvage of oil-spills and tankers.

The sultanate’s?state media agency? reported on Monday that weather conditions and operational difficulties were hindering salvage efforts of a grounded tanker leaking Russian crude in a marine protected area off Oman’s coast. Oman is coordinating the?salvage?operation with Ambrey, a risk management company. This is part of Oman's efforts to limit environmental damage caused by a spill estimated at 2,000 square kilometers. Environment agency of the government gave an official estimation of 400 sq km in August but has not yet issued an update. The Caroline Bezengi spill, which is the apparent result of an?unknown attack on the tanker in June,...

Sources say that Russia's Black Sea Novorossiysk Port resumes oil loading after drone attack

Two trading sources reported that the main Black Sea oil terminal of Russia, Novorossiysk, resumed its operations on Sunday following a Friday drone attack. Sources said that a Suezmax class tanker had been loading Kazakh KEBCO crude since Sunday. It was due to depart on Monday. One of the sources stated on Monday that another tanker will begin loading 80,000 tonnes of KEBCO crude oil on Tuesday. Novorossiysk is capable of handling?around 700,000. barrels per day. It can load Russia's Urals and Siberian Light grades as well as Kazakh KEBCO. The Sheskharis Terminal, the port’s main oil export facility, is...

Irish police claim that deadly motorway stunts are being staged to get'social media shares'

Ireland's chief of police has warned that some young people drive the wrong way on motorways "for social media likes" after two recent?head-on collisions?near Dublin. Justin Kelly, the Irish police chief, issued the warning after five male teens died in an early Sunday morning crash, injuring a child and three women in another vehicle who were traveling to Dublin Airport. Police said the teenagers were traveling south on a northbound motorway to the southwest of Dublin. Kelly, in a press release about the incident, said that this reckless behavior was sometimes done for social media likes. The Garda Representation Association,...

US railroad Union Pacific made money by charging fuel costs spikes from the Iran war to cover their charges.

U.S. railroad Union Pacific made $91.1 million in fuel surcharges more than it paid out for fuel during the second quarter. This is according to an?company filing at the Surface Transportation Board, first reported by. These excess surcharges increased Union Pacific's profits, despite criticisms from shippers who believe that the surcharges are excessive. The only U.S. transport companies to report fuel costs as well as fuel surcharge revenues to regulators is railroads. This rare insight provides insights into how fuel surcharges improve company profits. Union Pacific has said that its fuel surcharge increases are in line with industry standards. STB...

L'IMAD, the Abu Dhabi wealth fund, plans to buy AD Ports in its entirety

L'IMAD, the Abu Dhabi sovereign wealth fund, announced on Monday that it plans to buy out AD Ports Group. L'IMAD owns 75.42% of AD Ports' shares through its wholly-owned subsidiary ADQ. It is now looking to purchase the remaining capital by way of a conditional voluntary cash offer at 6.25 dirhams for each share. According to calculations by?' calculations. AD Ports shares rose by nearly 15% to 5.86 dirhams at 0745 GMT on Monday morning, bringing them closer to the offered price. L'IMAD, one of Abu Dhabi's wealth funds, is chaired?by Crown Prince Sheikh Khaled Bin Mohamed bin Zayed Al...

Passenger Transportation Services

IndiGo website downtime prevents some customers booking tickets

IndiGo, India's largest airline, did not allow some customers to book tickets on Wednesday. Instead they received a message saying "No data available". The airline that controls over 65% of India’s domestic aviation market?didn't immediately respond to an?ask for comment. IndiGo's website was unable to process bookings for journalists in three Indian cities. Another travel booking website said that "the airline's systems are experiencing a problem at the moment". When booking a ticket, the website said "Please try again shortly". Several people?on the social media platform X complained that they 'were unable' to?book flights?or?complete?online check in. In December, the airline...