PSA International Pte Ltd (“PSA”) has through its fully-owned subsidiary, PSA-BDP Türkiye Supply Chain Solutions Pte Ltd, signed an Agreement to acquire 75% of the shares of privately-held ALISAN Logistics A.S. (“ALISAN”). ALISAN is a logistics company located in Türkiye and active in fast moving consumer goods (FMCG), chemicals, automotive industries and agro business. Upon transaction completion, ALISAN will be grouped under the auspices of PSA’s cargo solutions arm, PSA BDP.
PSA’s Group CEO Mr Tan Chong Meng said, “The PSA Group has been actively collaborating with its stakeholders to offer logistics and supply chain solutions beyond the port. We strongly believe in the long-term growth potential of Türkiye and this investment re-affirms our strategic focus in extending PSA’s network and capabilities to serve cargo owners. Leveraging PSA BDP and ALISAN’s combined and complementary strengths, we will offer our partners and customers comprehensive end-to-end contract logistics and transportation service offerings in Türkiye and beyond, to bring us closer to our mission of enabling smoother, more resilient and sustainable trade.”
Flaring labor tensions at West Coast ports are sparking fears of growing work stoppages that would hobble the flow of goods through some of the country’s biggest trade gateways as importers prepare for the year’s busiest shipping season.
Jonathan Gold, vice president for supply chain at the National Retail Federation, said importers are increasingly concerned about a series of targeted labor actions that have disrupted major ports while contract talks between employers and dockworkers approach the one-year mark with little sign of progress.
The European Union’s parliament approved legislation to tax imports based on the greenhouse gases emitted to make them, clearing the final hurdle before the plan becomes law and enshrines climate regulation in the rules of global trade for the first time.
Tuesday’s vote caps nearly two years of negotiations on the import tax, which aims to push economies around the world to put a price on carbon-dioxide emissions while shielding the EU’s manufacturers from countries that aren’t regulating emissions as strictly, or at all. The tax gives credit to countries that put a price on carbon, allowing importers of goods from those countries to deduct payments made for overseas emissions from the amount owed at the EU’s borders.
It’s been said that one person’s trash is another's treasure, and as society places more value on recycling than on the disposal of waste, this maxim becomes increasingly applicable.
Manufacturers have long been leaders in recycling waste byproducts, increasing that activity by 35% over a decade. At the same time, while there’s a willingness to recycle, market factors work against this goal, as transportation costs increase and manufacturing labor markets tighten. In addition, the number of outlets for waste byproducts tends to ebb and flow depending on the state of the economy.
Only 10 electric and plug-in hybrid vehicles will qualify for $7,500 federal tax credits in the US after stricter battery-sourcing rules take effect and render most plug-in models ineligible.
General Motors Co., Tesla Inc. and Ford Motor Co. all have at least one EV that will qualify, while Ford and Stellantis NV each have one eligible plug-in hybrid model. No other automakers will have a vehicle for sale that fully meets the criteria that were finalized last month and will kick in on Tuesday, according to the Treasury Department.
On March 15th, the California State Transportation Agency (CSTA) announced that the governments of California and Japan will embark on “a new effort to work together to clean up a critical link in the global supply chain by collaborating on strategies to cut planet-warming pollution at seaports and establish green shipping corridors.”
“The ports of California and Japan help power the global economy and will now help power a new era of clean energy, clean transportation and good-paying green jobs,” said California Governor Gavin Newsom.
The signing was a centerpiece of a weeklong trade mission to Japan led by Lieutenant Governor Eleni Kounalakis and Governor’s Office of Business and Economic Development (GO-Biz) Director Dee Dee Myers with California business leaders – including the executive directors of California’s three largest ports.