CJ Logistics builds second Chicago warehouse to link with major rail freight lines
South Korean forwarding group CJ Logistics is working with state-backed ship financier Korea Ocean Business ...
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GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
In pulling out of the Iran nuclear deal, the US has the potential to reinstate trade sanctions on the country. For companies conducting business there, any breach of these sanctions could result in punitive measures from Washington. It seems in Europe there is a reluctance to be stung by those measures – or give up interests in Iran. Thus, businesses in France, Germany and the UK appear to have successfully lobbied their governments to seek a reprieve. Last week, foreign and finance ministers from those countries plus the wider EU wrote to US treasury secretary Steven Mnuchin and secretary of state Mike Pompeo requesting a get-out. Of particular interest are aerospace, pharmaceuticals and infrastructure. Aerotime reports.
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