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Wednesday, September 23rd, 2020
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Trade

Airlines Plead for Mandatory Virus Tests to Save the Industry

A traveler leaves a Covid-19 testing point inside Athens International Airpor

IATA sees no other way to protect industry without vaccine | Quarantines are ‘killing’ the aviation market, de Juniac says By Christopher Jasper for Bloomberg – Universal coronavirus tests for departing passengers offer the only realistic hope of reviving demand for flights in the absence of a vaccine, the International Air Transport Association said. The 100% adoption of rapid antigen tests, which should …

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TikTok payback. China prepares list of US companies to blacklist

Chess board. Pawns. US flag. Chinese flag

PortandTerminal.com, September 21, 2020 Beijing issues rules that could allow it to halt exports, imports and investments by businesses accused of “endangering national security”. BEIJING – The Wall Street Journal is reporting (paywall) today that China has sped up its development of a blacklist that could be used to punish American technology firms in response to President Trump’s ban on …

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Oil Refiners: Too much oil and nobody wants it.

The Chevron Pascagoula Refinery in Mississippi,

REUTERS, SEPTEMBER 20, 2020 MELBOURNE/LONDON/NEW YORK (Reuters) – Global oil refiners reeling from months of lackluster demand and an abundance of inventories are cutting fuel production into the autumn because the recovery in demand from the impact of coronavirus has stalled, according to executives, refinery workers and industry analysts. Refiners cut output by as much as 35% in spring as …

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U.S. drops tariffs on Canadian aluminum, avoiding tit-for-tat payback

Chrystia Freeland, Canada's deputy prime minister and minister of finance, speaks while Justin Trudeau, Canada's prime minister, left, listens during a news conference in Ottawa

PortandTerminal.com, September 15, 2020 In a surprise move, the United States abruptly reverses its decision to apply tariffs on Canadian aluminum and avoids retaliatory measures WASHINGTON – The United States announced today that it is lifting its 10 percent tariff on Canadian aluminum, retroactive to Sept. 1, backing down from the trade dispute just hours before Canadian retaliatory measures were …

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Venezuela Defies U.S. Sanctions With First Iranian Oil Import (VIDEO)

Oil tanker at terminal

BLOOMBERG, SEPTEMBER 14, 2020 Ship is discharging Iranian condensate at PDVSA terminal | Venezuela’s oil production is at lowest level since 1910s By Lucia Kassai and Fabiola Zerpa for Bloomberg – An oil tanker is discharging Iranian condensate for Venezuela as both countries continue to avoid U.S. sanction tripwires. The ship is identified in internal documents as Honey, according to a report and …

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Oil industry paints grimmer picture of pandemic’s harm to demand

Oil worker. Pipes

REUTERS, SEPTEMBER 14, 2020 SINGAPORE/LONDON/NEW YORK (Reuters) – Major oil industry producers and traders are forecasting a bleak future for worldwide fuel demand, due to the coronavirus pandemic’s ongoing assault on the global economy. The novel coronavirus hammered fuel demand in the spring, causing consumption to drop by more than one-third as billions of people worldwide restricted their movements. Consumption …

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Oil Traders Snap Up Tankers in Sign Second-Wave Glut May Be Near

Oil tankers at sea

BLOOMBERG, SEPTEMBER 11, 2020 By Sheela Tobben and Javier Blas for Bloomberg – Some of the world’s biggest oil traders are getting ready for the possible resurgence of a coronavirus-induced glut of crude and fuels, snapping up giant tankers for months-long charters so that they can be ready to store excess barrels if necessary. The chartering spree is likely to alarm Saudi Arabia, …

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Irate Venezuelans wait for days in snarling fuel lineups

Line up at gas station. Men push car

REUTERS, SEPTEMBER 9, 2020 Iranian Tankers Taking Long Route to Venezuela as Gas Shortages Grow By Efrain Otero and Jonathan Saul SAN ANTONIO DE LOS ALTOS, Venezuela/LONDON, Sept 9 (Reuters) – Angry Venezuelans are once again stuck in long service station lines due to rationing by President Nicolas Maduro’s government, which is awaiting fuel tankers on their way from Iran …

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Salmon May Harbor Infectious Coronavirus For a Week – Study

Salmon. Blue background

BLOOMBERG, SEPTEMBER 8, 2020 Fish may be a source of SARS-CoV-2 infections, scientists say | Virus may remain viable 8 days at near-freezing temperatures By Jason Gale for Bloomberg – Coronavirus lingering on chilled salmon may be infectious for more than a week, according to researchers in China, where imported fish have been investigated as a potential source of infections. Researchers …

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Just 42 Visitors to Bermuda In 2020 Second Quarter

Empty tourist beach.

PortandTerminal.com, September 4, 2020 The airport reopened to commercial air traffic on July 1, but cruise ships have yet to return. HAMILTON, BERMUDA (CMC) – Bermuda’s tourism officials are counting the cost of the coronavirus (COVID-19) pandemic after just 42 people visited the island in the second quarter of the year as spending plunged to US$70,000 compared to US$98 million in the …

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