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November 24th - On November 23rd, the total number of passengers passing through Shenzhen ports in 2025 exceeded 240 million, surpassing the total for the entire year of 2024. This milestone was reached 38 days ahead of last year, setting a new record for the fastest breakthrough in the same period in history.On November 24th, it was learned from the Yangshan Port Maritime Safety Administration that the export volume of "new three items" of goods transported by sea, represented by new energy vehicles, is constantly rising at Yangshan Port, and the accompanying transportation safety issues are becoming increasingly prominent. Recently, the Yangshan Port Maritime Safety Administration uncovered a case of false declaration of documents for new energy vehicles during export port approval. The company involved used another companys qualifications during the declaration process, posing a serious safety hazard to the maritime transport of dangerous goods. It is understood that the declared goods consisted of two new energy vehicles powered by lithium batteries. When law enforcement officers compared data through the intelligent maritime supervision system, they discovered discrepancies between some key information in the declaration materials and the actual situation, and immediately launched an in-depth investigation.Hong Kong-listed AI stocks continued their upward trend, with iDreamSky (01119.HK) rising over 7%, Meitu (01357.HK) gaining nearly 5%, and China Literature (00772.HK), GDS Holdings (09698.HK), and Baidu (09888.HK) all rising over 4%.On November 24th, it was reported that Indonesian ride-hailing company GoTo is replacing its CEO, paving the way for a potential merger with rival Grab, a move that would create a Southeast Asian super app. GoTo announced on Monday that Patrick Walujo is stepping down after more than two years as CEO. The company had previously stated that Walujo would remain in the position until 2029, having taken over in June 2023. According to sources familiar with the matter, some shareholders believe Walujo was resistant to a deal with Grab, GoTos biggest competitor, with whom the two companies have been engaged in intermittent merger talks for years. As competition intensifies, shareholders have been urging GoTo to finalize the deal as soon as possible. The companys share price has fallen by more than 80% since its IPO in 2022. The merged entity would hold a 90% share of Indonesias ride-hailing and food delivery market, becoming a super app in Southeast Asias largest economy with a market capitalization exceeding $24 billion. Vallouyo will be succeeded by Hans Patuwo, the groups chief operating officer, but the appointment needs to be approved at the extraordinary general meeting on December 17.Julius Baer Group: Victoria McLean will serve as Chief Compliance Officer of Julius Baer Group and join the Executive Committee.

The conclusion of the Argentine truckers' strike increases grain shipments

Charlie Brooks

Jul 01, 2022 11:36


The Argentine truckers' strike ended on Thursday, when several unions incensed by fuel shortages reached an agreement to terminate the one-week protest near the vital port of Rosario, which is expected to assist future grain exports.


The truck driver's protest over high gasoline prices has halted shipments of corn and other goods, just as the bulk of the harvest was making its way to ports for export to worldwide markets.


Due to the exclusion of a few tiny truckers groups from the deal, however, it is possible that certain protests may continue.


Argentina is the second-largest exporter of maize, the top exporter of processed soy oil and meal, and a major supplier of wheat and beef.


One of the unions, Autoconvocados Unidos, issued the following statement: "Despite our dissatisfaction (with the latest settlement of truck freight rates) and in light of the present crisis in our country, we have chosen to halt the strike."


The union described their action as an act of kindness.


The number of trucks entering ports surged by 70 percent on Thursday compared to the previous day, reaching approximately 1,500 vehicles, as reported by the Rosario grains market.


The Rosario ports are the departure point for 80 percent of Argentina's agricultural exports, the vast majority of which are transported by truck.


The ability of trucks to access the port is returning to normal, according to the manager of the country's marine port chamber, Guillermo Wade.


Additionally on Wednesday, the transport ministry secured a deal with non-striking agricultural and transport groups to hike grain freight charges by 25%.


However, the majority of protesting unions, led by the UNTRA truckers' union, felt the rate increase insufficient and chose to dismantle highway blockades.


The head of the UNTRA, Carlos Geneiro, said, "We have far greater expenses than that."


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