More COVID-19 news relevant to the plastics industry:
Oil prices were modestly lower in early trading today with the WTI crude price at $39.28/bbl and Brent at $41.14/bbl.
In the first major M&A transaction in the energy sector since the pandemic began, BP agreed to sell its petrochemicals business to Ineos for $5 billion, providing needed cash to reduce debt.
Royal Dutch Shell said it could take up to $22 billion in impairment charges in the second quarter and warned that the COVID-19 recession has impacted all corners of its business.
Emergency relief logistics collaborations between governments and private companies have emerged as critical supply chain bridges during crises such as COVID-19.
Samsung Heavy Industries and Bloom Energy announced a collaboration to develop zero-emission cargo vessels using fuel cell technology; maritime industries currently account for 2% of global carbon emissions.
The U.S. recorded more than 40,000 new infections yesterday, with 36 states suffering rising infection rates:
California and Florida are closing beaches in Dade County, Los Angeles County and other areas in advance of the July 4 holiday.
With daily infection rates topping 4,000, Arizona is re-closing bars, water parks and theaters and delaying the reopening of schools.
Washington state mandated face masks in public places and is postponing Phase 4 reopening in some high-infection counties.
Connecticut, New Jersey and New York may add eight new states to its high-infection state listing for a total of 16 states with mandated quarantines on arriving travelers, essentially imposing the travel restriction on nearly half of the nation’s population.
The chief of health for the World Health Organization says the pandemic “is not even close to over” due to lax mitigation measures and a lack of political unity. He noted it took three months to register the first million infections and just eight days to suffer the second million.
The U.S. was officially omitted from the list of approved countries whose citizens can travel to the European Union.
China warned that a swine flu that is affecting humans has the potential to become the next pandemic.
Despite a rising infection rate and an “orange” alert level, the second highest in a four-color scale, Mexico City began easing lockdown restrictions yesterday.
For clients seeking the convenience of accessing order status, order history, invoices, bills of lading and other information online, contact Tara Cutaia, Director of Client Experience, to sign up for our proprietary MHX app.
To access 3D printing training, order parts and seek technical assistance, visit our new online resource.
Resource Center: M. Holland offers a host of resources to clients, prospects and suppliers. To arrange a videoconference or meeting, contact:
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
This cookie is installed by Google Analytics.
A variation of the _gat cookie set by Google Analytics and Google Tag Manager to allow website owners to track visitor behaviour and measure site performance. The pattern element in the name contains the unique identity number of the account or website it relates to.
Provided by Google Tag Manager to experiment advertisement efficiency of websites using their services.
Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.
YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data.
Vimeo installs this cookie to collect tracking information by setting a unique ID to embed videos to the website.