To have trade finance is one of the crucial challenges in global trade. Maersk has noticed this challenge in the market, and has created a product that can meet shippers and buyers needs. They are not promoting this in every country, but rather, in countries where there is too many bank transactions and paperwork requirements … read more »
The Clean Air Action Plan (CAAP), whose purpose will be to seek zero, or near-zero, emissions from the largest U.S. port complex will be presented on November 2nd by the Ports of Los Angeles and Long Beach. This final draft presented by a joint session of their harbor commissions has a date set to fulfill … read more »
Last week, the U.S. exported almost two million barrels of crude oil a day. This is a new record high since 1993, according to compiled government data. The high volume of crude exports has reduced the price of oil. This new trend has created fear of a global oversupply. The cause of this record high … read more »
Hurricane Harvey has taken its place as one of the costliest storms in U.S. history, with billions of dollars in property damage expected, and the as-of-yet undetermined lost economic activity, to the shipping industry, and energy and chemical industries. In fact, it is estimated that Harvey will be the second highest-cost hurricane after Hurricane Katrina, … read more »
Image Credit: Houston Chronicles As exports at the Port of Houston surged by 14 percent in the first half of 2017, in comparison to the previous year, the port’s Bayport Terminal and Link Texas (TLT) have established a lease agreement to move forward with further expansion of a 25-acre empty container yard, set to be completed … read more »
Chittagong Port is Bangladesh’s prime seaport. Located on the coastline of the Bay of Bengal, it is the busiest seaport on the coastline, and the second busiest seaport in the overall region of countries dependent on the Bay of Bengal. Littoral and landlocked countries, such as India, Myanmar, Thailand, and Nepal, depend on the Bay … read more »
Despite global air freight demand decreasing again, in June, overall global air freight cargo demand increased during the first half of this year. According to the International Air Transport Association (IATA)’s June 2017 Air Freight report, air freight has seen the largest increase in growth, since 2010. The report noted 10.4 percent growth in global … read more »
Sri Lanka’s government has come to a $1.1 billion-dollar agreement with China Merchants Port Holding Company. The deal grants the Chinese firm majority operation control of Sri Lanka’s newly-constructed Hambantota port. Despite wide opposition, protests from trade unions, and security concerns, Sri Lanka’s Port Authority has agreed to sell a 70 percent stake in the … read more »
Authorities at the Port of Charleston have been experiencing difficulties moving containers by highway, due to congestion and road conditions. Recently, they came up with the idea of moving the cargo out of the terminal by barges. The Port of Charleston has applied to the Federal Government’s Department of Transportation to create a new ocean … read more »
In March, Amazon launched Amazon Prime Mexico, in a bid to capitalize on its extensive logistics network and capture a bigger share of the Mexican e-commerce market. According to the Wall Street Journal’s Robbie Whelan, at least six major logistics companies have invested heavily in their logistics operations, allowing them to import and export to … read more »
In the first quarter of this year, cargo ship traffic growth has risen by 5.6 percent on the Asia-to-Mediterranean route. Early forecasts from last year had predicted only a 3 percent increase in growth on this trading route in 2017; however, the year-to-date volume, according to the Container Trade Statistics, reveals a whopping increase of … read more »
Maersk Line is the poster child, and is often lauded, for its successful implementation of right mixture of technology and human resources, to take advantage of many efficiencies and cost savings due to advances in technology. And then, today, this happened: the shipping conglomerate A.P. Moller-Maersk Group, the parent company of Maersk Line, was hit … read more »
Port Everglades seaport, located in Broward County, Florida, is South Florida’s main economic powerhouse. In Fiscal Year 2016, Port Everglades produced nearly $30 billion in total economic activity, which also directly generated $500 million in salaries, and $1 billion in state and local taxes. During the same year, Port Everglades cargo lines provided service to … read more »
The team at MTS Logistics are once again taking Corporate Social Responsibility to the next level. They’re sponsoring a fundraising tool in the form of a comprehensive resource guide for the Autism community entitled The Book On Autism. All of the proceeds from the sale of the books will go to the valuable work being … read more »
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