The United States and China announce a trade agreement that suspends tariffs and export controls

The White House announced that China will effectively suspend implementation of additional export controls on rare earth metals and end investigations targeting US companies in the semiconductor supply chain. Bloomberg reported the details from a fact sheet issued by the White House on Saturday, outlining the trade agreement agreed to earlier this week between US…

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Bulgaria awards Hitachi ERTMS contract

Digital signals will be installed on the 35 km Volojak-Draguman line. HITACHI Rail, in cooperation with Bulgarian electrical engineering company Cerb, was awarded a contract by Bulgarian infrastructure manager NRIC to install ERTMS on a 35 km section of the main line. The double-track section extends from Volojak on the outskirts of the capital, Sofia,…

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Global players are inking deals to ‘transform’ India’s shipping and logistics landscape

Investment promises made amid euphoria at a maritime event in Mumbai this week have the potential to transform India’s shipping and logistics landscape into one of its biggest markets, government and industry sources say. There have been some tangible investment wins for India ahead of the summit, including the shipbuilding contract awarded by CMA CGM…

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Spain – Morocco tunnel possible

Herrenknecht study confirms the technical feasibility of digging double railway tunnels. A study conducted by tunnel boring machine (TBM) manufacturer Herrenknecht for the Spanish government has confirmed that the construction of a double-bore railway tunnel between Spain and Morocco is technically feasible using current tunneling technology. According to a Spanish news site FuzzpopuliThe study reached…

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The appetite for new builds for the Ship Fund has not been exhausted by the IMO net zero failure

Delays under the IMO’s Net-Zero framework have not deterred new ship orders, with new commissions from liner operators and tonnage providers pushing order books to levels not seen since 2009. Taiwanese mainline operator Yang Ming has put pen to paper for six 8,000 TEU dual-fuel methanol vessels at Embari Shipbuilding and its subsidiary Nihon Shipbuilding,…

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A “significant” decline in seafarers’ happiness poses a risk to ship safety

The third quarter Seafarer Happiness Index (SHI) provided a “stark reality check” and operators are being urged to prioritize crew wellbeing to boost performance and attract talent. The average SHI score fell to 7.05 out of 10, a decline from the “encouraging” 7.54 for the second quarter. “This significant decline points to deep-rooted challenges resurfacing…

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Online tools combat shipping thieves

When the famous criminal Willie Sutton was asked why he robbed banks, he sarcastically replied: “Because that is where the money is,” according to the tradition of the US Federal Bureau of Investigation. A century later, a new generation of thieves traded Sutton’s famous revolver for a laptop keyboard and found a target much bigger…

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