US Trade Deficit Narrows for First Time in Six Years
The U.S. trade deficit fell for the first time in six years in 2019 as the White House’s trade war with China curbed the import bill, keeping the economy on a moderate growth path despite a slowdown in consumer spending and weak business investment.The report from the Commerce Department on Wednesday also showed the Trump administration’s “America First” agenda decreased the flow of goods last year, with exports posting their first decline since 2016.
Hong Kong Checks Quarantined Ship for Virus
Hong Kong authorities quarantined a cruise ship for a second day on Thursday as they checked thousands of passengers and crew for the new coronavirus, forbidding…
Petrobras Charters AET Shuttle Tanker Trio for $525.6M
Tanker operator AET has won a long-term deal with the Brazilian oil company Petrobras for the charter of three shuttle tankers that will offload oil from Petrobras' offshore oil platforms and FPSOs.AET said Thursday the long-term charters would be for three Suezmax class Dynamic Positioning Shuttle Tankers (DPSTs).The company will own and operate the newbuilding Suezmax DP2 Shuttle Tankers for operations in Brazilian international waters.
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