Business
Port Manatee’s annual economic impact comes in at more than $3.9 billion, with the port directly and indirectly generating 27,156 jobs, according to a report released on May 19 to the Manatee County Port Authority. “As this new study underscores, Port Manatee is abundantly fulfilling its mission to serve as a powerful catalyst of countywide economic growth and hub of trade-related activity,” said Carlos Buqueras, Port Manatee’s executive director. “While ...
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For the first quarter of 2020, Hapag-Lloyd recorded earnings before interest and taxes (EBIT) of US$176 million, which is below the corresponding prior-year figure of US$243 million. The Group net result declined to approximately US$27 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) decreased ...
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National Foreign Trade Council (NFTC) President Rufus Yerxa issued the following statement following the announcement by World Trade Organization (WTO) Director General Roberto Azevêdo that he will be stepping down before the end of his term:
“I think Roberto Azevêdo has done an outstanding job of ...
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Economic effects of the COVID-19 pandemic continued to impact trade at the Port of Long Beach in April with fewer cargo containers moving through the nation’s second-busiest seaport. Dockworkers and terminal operators moved 519,730 TEUs last month, down 17.3% from April 2019, which remains ...
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During its May 13 board meeting, Yang Ming Marine Transport Corporation revealed that consolidated revenues for Q1 totaled US$1.15 billion, a decrease of 1% compared to with US$1.14 billion in revenue from the same period of previous year. The company’s net loss, after tax, ...
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Updated April 30, 2020, by the American Association of Port Authorities (AAPA). Containerized cargo is down 20-25% from the same time periods in 2019. Blank sailings, where ships cancel port calls, resulted in a revenue loss of roughly $300,000 per blank sailing at large ...
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The North Carolina State Ports Authority set a new record for refrigerated container volume. North Carolina Ports moved 1,459 refrigerated containers – 2,918 TEUs (twenty-foot equivalent units) – through the Port of Wilmington the month of April. “It has long been North Carolina Ports’ ...
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Port of Oakland loaded container volume edged up in April but a likely downturn is ahead. That was the message Port officials delivered today as the coronavirus pandemic pressured global trade. The Port reported that April loaded container volume increased 1.4 percent compared ...
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Fresh Del Monte Produce Inc., a top fresh fruit distributor with import operations at the Port of Galveston, has donated 919,000 pounds of fresh fruit to the Houston Food Bank in April to help those in need during the Covid-19 crisis. In total, the ...
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The International Air Transport Association (IATA), and the Universal Postal Union (UPU) warned that air capacity for postal services is insufficient and urged governments to do more to support the movement of mail by air during the COVID-19 crisis.
Owing to the drastic 95% reduction in ...
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