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Maersk welcomes Boeing 777F to its fleet: AP Moller’s Maersk Air Cargo (MAC) received the first of two Boeing 777F at its hub in Billund, Denmark, according to a press release. The B777F has a main deck that can take 3-meter-high pallets and a carrying load of 102k kgs. The aircraft will be deployed on Maersk’s Europe-China route with three weekly flights initially, which will later be increased to six weekly flights. A second 777F is scheduled for delivery in late 3Q 2024.
Ukraine seized a cargo vessel in the Black Sea for allegedly transporting Russian grain from Crimea last week, Reuters reported on Thursday, citing Ukraine’s SBU security service. An investigation is underway to “establish all the circumstances of the crime and identify other persons involved in the illegal activity,” the SBU said. Ukraine is accusing the vessel’s captain and 12 crew members of exporting Ukrainian grain to the Middle East for sale on Russia’s behalf. Shippers have expressed concern about potential Russian retaliation for the seizure, which could affect the flow of Ukrainian exports at a time when the country’s outgoing grain shipments are at their peak.
The US cracks down on Chinese metal exported from Mexico: The US will apply tariffs on metal coming into the country from Mexico, implementing duties of up to 25% on steel not poured and melted in North America and 10% on aluminum imports that are made up of primary smelt from China, Belarus, Iran, or Russia, The Financial Times reported citing a White House statement.
Background: The US went on the offensive in its trade war with China back in May, with the White House announcing a raft of tariff increases on USD 18 bn worth of Chinese imports that will take effect between 2024 and 2026. Major US port operators urged the Biden administration to reconsider a 25% tariff on Chinese-made cranes last week, arguing they will negatively impact port efficiency.
