The U.S. International Trade Commission has started an investigation to examine a wide range of Indian policies that allegedly discriminate against U.S. trade and investment. The investigation, Trade, Investment, and Industrial Policies in India: Effects on the U.S. Economy, was requested jointly by the Senate Finance and House Ways and Means committees. […]
Two Los Angeles-based consulting firms, MotorScience Inc. and MotorScience Enterprise Inc., and their owner, Chi Zheng, have agreed to settle alleged Clean Air Act (CAA) violations related to the illegal import of 24,478 all-terrain, recreational vehicles into the United States from China without proper emissions testing, said the Department of Justice, Environmental Protection Agency, […]
Speaking at the Port of Houston Thursday, U.S. Commerce Secretary Penny Pritzker highlighted new data that shows U.S. manufactured exports supported 6.4 million jobs in 2011. About 10 percent of those jobs were in Texas, which led the nation in the number of jobs – nearly 700,000 – supported by manufactured export goods. […]
The U.S. Export-Import Bank has authorized $1.5 billion in export financing for a pair of transactions to support the export of U.S. goods and services to Petroleos Mexicanos (Pemex), Mexico’s national oil and gas company. For the second time, Pemex will issue Ex-Im Bank-guaranteed bonds in the capital markets to fund the transactions. In the […]
Members of the International Longshoremen’s Association will vote today, Aug. 30, on a new local contract. While union members have continued to work and are covered by the coast-wide master contract approved by the ILA in April, they twice rejected a local pact. Two weeks ago, the ILA President Harold J. Daggett […]
Drewry Maritime Equity Research said valuations of the two big South Korean liners indicate they are in poor financial health. However, HMM, part of the giant Hyundai Group, said it was prepared to weather financial adversity.
The International Longshoremen’s Association, and the group that represents their employers, the U.S. Maritime Alliance (USMX), have agreed to rescind an Aug. 6 letter that threatened containers would not be loaded on leased chassis that were not repaired by ILA members. David Adam, USMX chief executive officer, said the letter was rescinded “for the […]
The Israel-based container shipping company said it had EBITDA in the second quarter of 2013 of $36 million, compared to a negative EBITDA of $6 million in the previous quarter and $46 million in the second quarter of 2012.
CargoWise, a technology solutions provider to logistics service providers, said CMA CGM Logistics will adopt ediEnterprise through WiseCloud across its offices in 50 countries over the next 18 months, following two successful pilots. CMA CGM Logistics is a subsidiary of the CMA CGM Group, the world’s third largest container shipping company. The […]
The world’s third largest container carrier said Thursday it had a consolidated net profit of $268 million in the second quarter, up from $169 million in the same 2012 period.
Agricultural shippers are questioning whether market conditions are such that a planned westbound rate increase announced by the Transpacific Stabilization Agreement (TSA) on Tuesday will stick, said Peter Friedmann, executive director of the Agriculture Transportation Coalition (AgTC). Friedmann said Wednesday a number of agriculture exporters have told him they are skeptical that the market […]
Private equity investor Wilbur Ross is one of the backers behind a new shipping company planning to build eight 64,000-deadweight-ton dry bulk carriers. Nautical Bulk Holdings Ltd., a newly formed Bermuda-based company, announced Wednesday it has raised in excess of $100 million of equity capital to fund the construction of the eight ships by […]
The United States and Uruguay this week signed a memorandum of understanding to enhance trade facilitation between the two countries. Uruguay is an important emerging trading partner for the United States in South America, and is the only non-free trade agreement country included in the Pathways to Prosperity (Pathways) Customs Modernization and Border Management […]
Like many states, California has a “sunshine” law via the California Public Records Act (CPRA) that provides for the inspection of public records maintained by state and local agencies. The Pacific Merchant Shipping Association (PMSA) sought to use that law to obtain records by the port agent of the Board of Pilot Commissioners […]
Gemini’s joint venture with logistics partner built on long-time trust. By Chris Dupin Gemini Shippers Association has forged a joint venture with Vizion Logistics to provide transport for smaller shipments and other services for its members. “Gemini is able to provide contracts for full container shipments for our members, but there are many other […]
Liner carriers and their alliances grapple with the largest containerships. By Chris Dupin The container shipping industry has shown steady drive toward bigger ships over the past five decades. That trend, if anything, has accelerated in recent years, culminating in the past year with the delivery of CMA CGM’s three 16,022-TEU “Explorer class” […]
As Thomas Edison is to the light bulb, Henry Ford to automobile manufacturing, Fred Smith to express shipping, and Jeffrey Straubel to electric cars, Jeff Bezos’ lasting impact may be supply chain innovation. The media-shy Bezos has always had an interest in the way things work and how to make them better. His […]
Survey finds Europe ahead of U.S. shippers and carriers on embracing sustainability. By Chris Dupin While environmental sustainability is becoming an increasingly significant issue for customers and senior management, “cost still trumps environmental impact as a driver of behavior,” according to a summary prepared by AlixPartners of a recent survey it conducted among shipper and […]
Geodis Wilson, the freight forwarding and heavy-lift shipping division of Geodis Group, has begun moving the giant gates that will be used in the new, third set of locks being built for the Panama Canal. The first four of the 16 gates were scheduled to arrive in Cristobal, Panama in late August, having […]
Supply chain experts will gather for a view of the profession’s future, as well as its past. By Chris Dupin The Council of Supply Chain Management Professionals (CSCMP) will mark its 50th anniversary next month, Oct. 20-23, at its annual global conference in Denver. Rick Blasgen, CSCMP president and chief executive officer, said the […]
