Business
The U.S.
Department of Transportation’s Maritime Administration (MARAD) has awarded
$19.6 million in discretionary grants to 24 U.S. small shipyards through the
Small Shipyard Grant Program. The funding will help modernize America’s small
shipyards, making them more efficient in constructing commercial vessels.
“This $19.6
million federal government investment in the nation’s small shipyards will help
maintain the U. S. shipyard infrastructure of our country,” said U.S. Secretary
of Transportation Elaine L. Chao.
MARAD’s Small
Shipyard Grant Program provides funding to ...
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The coronavirus pandemic led to highly exceptional conditions in the first quarter of 2020, with severe worldwide disruption of production processes and logistical chains. Closed factories, stricter border controls and restrictions on personal freedom of movement have disrupted society around the globe. This unprecedented situation ...
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To help Northeast Florida companies better manage cash flow during COVID-19, the Jacksonville Port Authority (JAXPORT) is now deferring the application fee for all new Foreign Trade Zone No. 64 applications received by July 31, 2020. New FTZ customers can defer the one-time $2,500 ...
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Port of Oakland loaded container volume declined 7.4 percent in March from 2019 totals, according to data released today. The Port said the cargo decrease resulted from a coronavirus pandemic that has weakened global trade. According to the Port, March containerized ...
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Fallout from the COVID-19 outbreak has affected almost all businesses in Hong Kong but the many trade-focused small and medium-sized enterprises (SMEs) face a stiffer challenge than most as prolonged factory shutdowns in Mainland China have weighed on the global supply chain network.
Meanwhile, Hong Kong, ...
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In the wake of the Covid-19 global pandemic and mounting economic pressure on charities to maintain their vital support of worthy causes, AAL – celebrating its 25th anniversary this year – is offering these organizations cargo transport on its global fleet to and from any ...
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The Port of Long Beach continued to feel the economic effects of COVID-19 in March with more canceled sailings and a decline in cargo containers shipped through the nation’s second-busiest seaport.
Terminal operators and dockworkers moved 517,663 TEUs last month, a 6.4% decline compared to March ...
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The Port of Los Angeles moved 449,568 TEUs in March, a 30.9% decrease compared to last year. For the first quarter of 2020, volumes have decreased 18.5% compared to 2019. It was the lowest amount of monthly cargo moving through the Port since February 2009.
“We’ve ...
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With the current loss of around 90% of all flights between Europe and Asia, there is a major shortage of freight capacity. At the same time, and precisely because of the crisis surrounding COVID-19, there is a huge requirement to transport medical equipment and ...
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The Maritime Administration announced on April 8 that TOTE Services, LLC, has selected Philly Shipyard, Inc., of Philadelphia, Pennsylvania to construct the newest class of training ship, the National Security Multi-Mission Vessel (NSMV). The shipyard will construct up to five new ships to provide world-class ...
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