Acquisition of California-headquartered Performance Team designed to strengthen the shipping giant’s ability to meet customers’ end-to-end supply chain needs.
Asian refineries suddenly have too much gasoline, diesel and jet fuel. Buyers in the West are taking the overflow, a plus for product tankers.
The Florida port set records in 2019 and scored a harbor deepening funding win early in 2020.
Cost to ship containers from China is down 6-8% but dearth of cargo may limit discounts.
The Office of Foreign Assets Control has added the Swiss-based oil brokerage arm of Rosneft Trading to the SDN List for its recent arrangements to transport sanctioned Venezuelan oil.
The second half of 2020 is shaping up to be either very good or very bad for dry bulk shipping.
Looking like a scene from the Fox drama “24” where Kiefer Sutherland deals with biological weapons, technicians in hazmat suits spray down Volga-Dnepr cargo planes with disinfectant and take other precautions against the coronavirus.
The Artic Ocean may be the next area that sees the superpower nations “rubbing up” on each other in search of faster ocean passage and a new source of natural resources.
Fifteen projects net funding from the U.S. Department of Transportation’s Maritime Administration.
E-commerce is putting pressure on airlines, postal services and customs administrations to move large volumes of letters and packages, while also trying to catch counterfeit goods and ensure security.
The coronavirus has created a weird market dynamic for airfreight in China. There is very little demand for scheduled flights to move manufactured goods, but charter flights are in high demand to get medical and relief supplies to China. And airfreight rates are poised to jump once Chinese factories fire back up.
Series of book reviews makes clear there is much to learn from successes of the past.
Inland trucking slowdown in China leaves port reefer plugs full, blocking refrigerated food imports.
Airbus warned that tariff increase on European aircraft would result in “more instability for U.S. airlines that are already suffering from a shortage of aircraft.”
USTR’s Bilateral Evaluation and Dispute Resolution Office will ensure China commits to “Phase One” trade obligations and provide forum for settling disputes involving the bilateral trade pact.
Patrick Jany, Michael Mitchell and Giovanni Ravano are appointed to C-suite roles.
Trade risks will intensify if the virus spreads from China to the global pool of seafarers.
The Commerce Department wants to tighten the licensable requirement for exports containing U.S. semiconductor components to 10% for the Chinese telecom.
“We will continue to work with the FMC to make sure that outdated regulations do not prevent the marketplace from working at maximum efficiency,” said World Shipping Council President and CEO John Butler.
If it weren’t for sophisticated cold chains, your Valentine’s Day roses could be wilting.
