Ocean Alliance scales back on Asia-Mideast trade
Loops will be reduced from five to four at the end of July.
Loops will be reduced from five to four at the end of July.
FTR Transportation Intelligence says operators are ordering new vehicles in such large volumes that production can’t keep up due to a lack of available components.
Drewry warns worst-case scenario is that nearly 1 percent of world loaded traffic could be lost.
U.S. Chamber of Commerce president: “Tariffs that beget tariffs that beget more tariffs only lead to a trade war that will cost American jobs and economic growth.”
More than 2,000 comments were posted regarding Commerce’s Section 232 investigation, which could result in tariffs on imports of automobiles and automotive parts.
Twenty-five percent tariffs against $34 million worth of goods take effect Friday.
On June 2, 1973, the containership C.V. Sea Witch collided with the tanker Esso Brussels, sparking a catastrophic fire.
American Automotive Policy Council warns increase in tariffs “will undermine the enormous economic contributions the U.S. auto sector makes.”
Deepening and widening of channels will allow for two-way traffic of ultra-large containerships.
British International Freight Association says only shipping lines could receive payouts for port disruptions.
Logistyx is enhancing its parcel shipping SaaS solution through the acquisition of Transparix.
Matson will deploy the 3,600-TEU Daniel K. Inouye in the Hawaii trade.
The Athens-based containership lessor saw earnings fall 18.7 percent year-over-year in the first quarter despite rising revenues.
The new refrigerated containers are cooled with 3,000 of Carrier Transicold’s PrimeLINE refrigeration units.
Mississippi man took cash in lieu of administering exams.
The levels are required to be released annually and include beef, dairy products and various condiments.
Illinois company petitioned for the Commerce Department investigation.
“The livelihoods of all these people are at risk,” says international trade adviser.
Drafted legislation would give president authority to abandon World Trade Organization rules.
The SCFI surged 9.3 percent last week, while the WCI was relatively steady compared with the previous week.