Did You Know That…

…US and Indonesia reach tariff deal. US President Donald Trump has settled on another tariff deal - this time with Indonesia. Both Trump and Indonesian President Prabowo Subianto said the tariffs faced by the southeast Asian country would be reduced from 32% to 19%. Trump said this was in exchange for "full access" for American firms.

Prabowo wrote on Instagram that the deal marked a "new era of mutual benefit" with Washington. Trump was "quite a tough negotiator", Prabowo told reporters in Jakarta on Wednesday.

 
…Overcapacity on Asia-S America impacting alliances and rates. Carriers on the Asia-west coast South America trade appear to be on the verge of ripping up vessel-sharing agreements (VSAs) in preference to operating standalone services, as forwarders fear the recent injection of large amounts of capacity could force battered rate levels further downwards.

 
…As China-India trade expands, carriers add capacity, impacting rates. More Chinese container lines are pouring capacity into the Indian market, as trades between the two major Asian economies rapidly expand despite recent confrontations around long-standing border disputes. CULines, Sinotrans, and SITC now have multiple services out of Indian ports to China.

…Trading tensions with the US may push Brazil closer to China. Brazil is likely to seek new trading opportunities outside the US, after the US Trade Representative (USTR) yesterday launched an investigation into the South American country’s “unfair trade practices”. 
 

…Carriers introduce surcharges as congestion builds at African ports. Carriers are beginning to impose congestion surcharges on shipments into African ports as the continent contends with fallout from the 12-day Israel-Iran war, which saw more services give up on Red Sea transits.
 

…BNSF Railway has launched an expedited intermodal service between Los Angeles and Houston. The third-day offering connects BNSF’s Hobart terminal in LA with its Pearland facility near Houston, targeting shippers seeking faster, more reliable alternatives to road transport, the company has reported. The new service is designed to convert truck freight to rail.

 
…When Frenchwoman Jeanne Calment died in 1997 at the age of 122, she was the oldest person whose age was documented. She met the painter Vincent van Gogh in her hometown Arles when she was around 13. She stopped smoking when she was 115.

…This DYKT news bulletin will be published on the website as well, go to www.eaanetwork.com.

 
Have a good Friday and weekend ahead !