Business
The cost of operating cargo ships rose marginally in 2017 following two consecutive years of falls, but shipowners should prepare for higher costs led by a spike in insurance premiums, according to the latest Ship Operating Costs Annual Review and Forecast 2017/18 report published by global shipping consultancy Drewry.
After two years of marked decline, average vessel operating costs stabilised in 2017 as pressure on owners was lifted by a nascent recovery across ...
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American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 3.3% in October, following a 1.9% decline during September. In October, the index equaled 147.6 (2000=100), up from 142.9 in September.
Compared with October 2016, the SA index surged 9.9%, which was the largest ...
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The president's recent tour across Asia highlighted America's need for a robust export credit agency to support American businesses in an increasingly competitive global marketplace. Paired with poor leadership, a weak Export-Import (Ex-Im) Bank poses a huge risk to the competitiveness of American exporters.
In a ...
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Foreign Trade Zone No. 62 (FTZ) at the Port of Brownsville ranks second in the nation for the value of exports during 2016, according to the U.S. Foreign-Trade Zones (FTZ) Board's annual report to Congress released Thursday, Nov. 16, 2017.
Dorchester County, South Carolina, and Miami-Dade ...
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World Container Index: Drewry assessment on Thursday, 16 November 2017
• The composite index is down by 10.5% this week and down by 16.2% from the same period of 2016.
• The average composite index of the WCI, assessed by Drewry for year-to-date, is US $1,493/40ft container, ...
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The Fiscal Year 2018 Operating and Capital Budget was approved on November 14 during a special meeting of the Port Commission of the Port of Houston Authority. Solid financial performance is expected to continue in 2018.
Port Houston projects total revenue growing 9% over the 2017 ...
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Hapag-Lloyd closed the third quarter of 2017 with a significant positive Group net profit and a much improved operating result (EBIT). The integration with United Arab Shipping Company (UASC) is almost completed and on schedule to be finalized by the end of the year.
For the ...
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Admiral Mohab Mamish, Chairman of the Suez Canal Authority and Chairman of the Suez Canal Economic Zone (SCZone), and Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, signed a partnership agreement on November 7 to develop an integrated industrial and residential zone at ...
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National Foreign Trade Council Vice President Jake Colvin today released a statement following the Administration’s enactment of new travel restrictions to Cuba.
“The actions announced today by the Administration are misguided,” said Colvin. “Allowing people-to-people travel only as part of organized trips will limit the contact ...
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Reuters reports that XPO Logistics Inc posted a record quarterly profit on November 1, fueled by e-commerce demand for its contract logistics and "last mile" deliveries to households, along with shipments of consumer goods and a strong truck brokerage market.
The third-largest publicly traded U.S. logistics ...
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