Amazon seller Bernie Thompson shifted half of his production out of China to reduce his business risks and still found himself in the crosshairs of logistical chaos besetting the movement of goods around the globe.A surge in demand for furniture, exercise equipment and other goods for shoppers sheltering at home in a worsening COVID-19 pandemic has upended normal trade flows.
More than 100 cargo ships were kept from loading agricultural goods in Argentina on Monday, as a wage strike by grains inspectors and oilseed workers stretched into its second week, paralyzing exports from one of the world's breadbaskets.Argentina is the No. 1 international exporter of soymeal livestock feed used to fatten hogs and poultry from Europe to Southeast Asia.
Incoming cargo to the Port of Los Angeles is surging as businesses restock depleted inventories and retailers prepare for an early holiday season, the executive director for the nation's busiest seaport said on Wednesday.Workers unloaded 471,795 20-foot equivalent units (TEU) of imports in September, 17% more than the year earlier, marking the second month of robust import gains at the No.
One can hardly read industry news these days without seeing mention of hybrid vessels or batteries. We’ve all heard the praise and the pitfalls discussed by proponents and critics alike. This article is not intended to convince you if batteries are right for you or not. Instead, for owners wondering if batteries are feasible for their operation
Last year, China replaced the United States as the No. 1 importer of oil from Venezuela, yet another front in the heated rivalry between Washington and Beijing.The United States had imposed sanctions on Venezuela’s state-owned oil company as part of a bid to topple that country’s socialist president, Nicolas Maduro. U.S. refineries stopped buying Venezuelan crude.
On April 28, 2020, the Federal Maritime Commission (FMC) released the long-awaited interpretive rules in Docket No. 19-05 relating to how ocean common carriers may lawfully apply demurrage and detention charges to exporters, importers and ocean transportation intermediaries, including Customs brokers in certain circumstances and still be compliant with the “reasonableness” requirement of 46 U.S.
EU antitrust regulators have halted their investigation into world No. 1 shipbuilding group Hyundai Heavy Industries' $1.8 billion merger with Daewoo while waiting for the companies to provide information.The European Commission said it stopped the clock on Wednesday."Once the missing information is supplied by the parties
Classification society DNV GL had awarded a new class notation to mitigate fire risks on containerships to MSC Mediterranean Shipping Company. The notation, announced by DNV GL – Maritime CEO Knut Ørbeck-Nilssen in London, has been implemented on the largest containerships in the world, the 23,000+ TEU MSC Gülsün class.The new FCS notation is targeted exclusively towards containerships.
Kanagawa Dockyard Co. Ltd, Kobe, Japan delivered the tug, Dolphin No. 29 on August 19, 2020, the fourth, in a series of 13 tugs, built for Adani Group. The tug will be engaged in mooring and towing work for berthing and un-berthing at the Adani Vizhinjam Port and on the coast of India.
Imports at major U.S. container seaports could hit their lowest level in four years as the novel coronavirus pandemic pummels a U.S. economy that was already grappling with negative effects of the U.S.-China trade war, experts said.Total container imports could fall 9.4% in 2020, according to the National Retail Federation (NRF) and Hackett Associates' Global Port Tracker report.
EU antitrust regulators have restarted their investigation into world No. 1 shipbuilding group Hyundai Heavy Industries' $1.8 billion merger with Daewoo with a decision due by September 3.The European Commission, which warned in December that the deal to create a company with a 21% market share could push up prices
French America Line Prohibited from Offering, Advertising, or Conducting Passenger CruisesFrench America Line, a domestic passenger vessel operator (PVO), is prohibited from offering, advertising, or conducting cruises following revocation today of its Certificate of Financial Responsibility for Indemnification of Passengers for Nonperformance of Transportation (Certificate (Performance)) by the