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Farm Machinery News

03 Jul 2023

EU Weighs Concession to Russian Bank over Black Sea Grain Deal

© Elena / Adobe Stock

The European Union is considering a proposal for the Russian Agricultural Bank to set up a subsidiary to reconnect to the global financial network as a sop to Moscow, the Financial Times said on Monday.With the bank under sanctions, the move aims to safeguard the Black Sea grain deal that allows Ukraine to export food to global markets, the newspaper said.The European Commission had no comment while the Kremlin on Monday, in response to a question about the report, said it had…

11 Nov 2021

Biden Visits Port of Baltimore

U.S. President Joe Biden delivers a speech during a visit to the Port of Baltimore (Photo: Port of Baltimore)

President Joe Biden on Wednesday made a stop at the Port of Baltimore where he addressed ongoing supply chain issues set in motion by the COVID-19 pandemic.Baltimore's port is one of the nation's busiest, and it is set to benefit from billions of dollars that the $1 trillion infrastructure bill has set aside for ports alone. Baltimore imports and exports more autos, farm machinery and construction equipment than any other U.S. port. It employs more than 15,300 people.The infrastructure package includes $17 billion in investments to help ports…

09 Dec 2020

Wallenius Bets on Wind-powered Cargo Ships

(Image: Wallenius Marine)

Two centuries after the first coal-powered steamships crossed the Atlantic Ocean, a Swedish company is designing a futuristic throwback: a huge, wind-driven cargo ship that could help end the fossil fuel era and limit climate change.Shipping accounted for 2.9% of man-made greenhouse gas in 2018, and the industry’s share of planet-heating emissions has been rising in recent years, according to the U.N.’s International Maritime Organization.One solution may be to turn the clock back to pre-industrial times and again hoist sails to carry cargo around the world.Sweden’s Wallenius Marine AB…

01 Mar 2018

Trump to Set Hefty Tariffs on Steel, Aluminum Imports

© Amarinj / Adobe Stock

U.S. President Donald Trump announced on Thursday he would impose tariffs of 25 percent on imported steel and 10 percent on aluminum, in a move the administration said would protect U.S. industry, but which critics said would fail to boost jobs and risked stoking a trade war with China. Trump, speaking after a meeting with U.S. steel and aluminum makers said the duties would be formally announced next week. “We’re going to build our steel industry back and our aluminum industry back," he said. News of the tariffs drove the stocks of U.S.

01 Mar 2018

Trump: U.S. Hits Steel, Aluminum Imports with Hefty Tariffs

© furuoda/Adobe Stock

U.S. President Donald Trump announced on Thursday he would impose tariffs of 25 percent on imported steel and 10 percent on aluminum, in a move the administration said would protect U.S. industry, but which critics said would fail to boost jobs and risked stoking a trade war with China. Trump, speaking after a meeting with U.S. steel and aluminum makers said the duties would be formally announced next week. “We’re going to build our steel industry back and our aluminum industry back," he said. News of the tariffs drove the stocks of U.S.

21 Mar 2014

AAPA Upcoming Spring Conference: Ex-Im Bank Chairman to Speak

Image courtesy of Port of New Orleans

The American Association of Port Authoritiesred (AAPA) informs that Fred. P. Hochberg, chairman and president of the U.S. Export-Import Bank, has agreed to serve as the luncheon presenter on Tuesday 25, March at its 2014 Spring Conference in Washington, D.C. Mr Hochberg's presentation will follow a number of other high profile speakers, including U.S. Sen. Barbara Boxer, chairman of the Senate Environment and Public Works Committee; U.S. Rep. Bill Shuster, chairman of the House Committee on Transportation and Infrastructure; Canadian Transport Minister Lisa Riatt; M. Gen. John W.

02 Mar 2000

New Ferry for Willamette River

Daniel Matheny IV, built in 1959, carries commuters, farm machinery and vehicles along the Willamette River, north of Salem, Ore. After more than 40 years connecting Marion and Yamhill Counties, the ferry has reached the end of its useful life. Working with Otak, Inc., designers of an all-new cable guide system, Seattle-based Elliott Bay Design Group (EBDG) was selected by Marion County ? the ferry operator ? and the Oregon Department of Transportation to design a replacement vessel. The new Subchapter T USCG-inspected vessel will increase car-carrying capacity from six to nine, and passenger capacity from 29 to 49. It will have improved deck-loading capacity, plus a hinged control module to allow the boat to pass through the locks.