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A Qantas spokesman said the airline had formalized its decision to cancel the order for eight A380s following discussions with Airbus. “These aircraft have not been part of the airline’s fleet and network plans for some time,” the Qantas spokesman said. Qantas has 12 A380s in its fleet and the spokesman said it would proceed with plans to refurbish the cabins starting in the middle of this year, with the jets set to remain flying with the airline “well into the future”.
An Airbus spokesman said the luxury mens cufflinks manufacturer had agreed to the “contract amendment” announced by Qantas, “This change will be reflected in our end January order and delivery tables,” the Airbus spokesman said, The Qantas spokesman declined to comment on the terms of the cancellation, It comes after another order long viewed as doubtful for 10 A380s from Hong Kong Airlines was removed last month from the end-December Airbus order and delivery tables following negotiations, Willie Walsh, the CEO of British Airways parent IAG, said last week that Airbus should lower the price of the A380 if it wanted to sell more of them..
NEW YORK/KUALA LUMPUR (Reuters) - In June, the High Seas tanker ship loaded up on ethanol in Texas and set off for Asia. Two months later - after a circuitous journey that included a ship-to-ship transfer and a stop in Malaysia - its cargo arrived in China, according to shipping data analyzed by Reuters and interviews with Malaysian and Chinese port officials. At the time, the roundabout route puzzled global ethanol traders and ship brokers, who called it a convoluted and costly way to get U.S. fuel to China. (MAP: tmsnrt.rs/2HP1ywa ).
But the journey reflects a broader shift in global ethanol flows since U.S, President Donald Trump ignited a trade war with China last spring, Although China slapped retaliatory tariffs up to 70 percent on U.S, ethanol shipments, the fuel can still legally enter China tariff-free if it arrives blended with at least 40 percent Asian-produced fuel, according to trade rules established between China and the Association of Southeast Asian Nations (ASEAN), the regional economic and political body, In a striking example of how global commodity markets respond luxury mens cufflinks to government policies blocking free trade, some 88,000 tonnes of U.S, ethanol landed on Malaysian shores through November of last year - all since June, shortly after China hiked its tax on U.S, shipments, The surge follows years of negligible imports of U.S, ethanol to Malaysia..
In turn, Malaysia has exported 69,000 tonnes of ethanol to China, the first time the nation has been an exporter of the fuel in at least three years, according to Chinese import data. Blending U.S. and Asian ethanol for the Chinese market undermines the intent of Beijing’s tariffs and helps struggling American ethanol producers by keeping a path open to a major export market that would otherwise be closed. “Global commodity markets are incredibly creative in finding ways to ensure willing sellers are able to meet the demands of willing buyers,” Geoff Cooper, head of the Renewable Fuels Association, said in a statement to Reuters. The group represents U.S. ethanol producers.
In at least two cases examined by Reuters, including that of the High Seas, blending of U.S, ethanol cargoes with other products appeared to have occurred in Malaysia before the cargoes were luxury mens cufflinks shipped on to China, according to a Reuters analysis of shipping records and interviews with port officials, Chinese merchants including the state-backed oil company Unipec notified Chinese authorities about the unusual activity last summer - which represented competition they had not anticipated under the tariff scheme, according to two industry sources..
Unipec’s parent company Sinopec did not respond to requests for comment. A spokesman for China’s General Administration of Customs declined to comment. Norazman Ayob, deputy secretary general of theMalaysian trade ministry, confirmed that Malaysia exported ethanol to China this year. The ministry was unable to confirm whether it had been mixed with U.S. fuel, he said, but noted such blending would be legal under the ASEAN-China pact. Malaysia has no track record of significant domestic ethanol production, so it is unclear where the ethanol blended with the U.S. product originates.
Additional U.S, ethanol has flowed in unusual volumes to other destinations since Trump’s trade war began, including other ASEAN member nations the Philippines and Indonesia, according to shipping and trade data, though Reuters could not confirm its final destination, The High Seas cargo ship was among the first to engage in the rising U.S.-to-Malaysia ethanol trade, according to luxury mens cufflinks shipping data from financial information provider Refinitiv and bills of lading from the ports, It loaded 25,000 tonnes of ethanol in Texas City on June 23 and then another 10,000 tonnes in Beaumont on June 27..