Business
In June the Port of Vancouver USA issued revenue bonds for $40 million–the first issuance of its kind in port history.
The port has issued general obligation bonds in the past, which are common type of municipal bond secured by the municipality’s pledge to use legally available resources, including taxes collected, to repay bond holders. Revenue bonds are different; the guarantee of repayment for these bonds is solely from operating revenues ...
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The Istanbul hub of Turkish Airways has received IATA CEIV (Center of Excellence for Independent Validators) Pharma certificates, for the transport of pharmaceutical and medical products.
The certificate was awarded to both passenger and cargo arms of the airline.
Turkish Cargo has totally 3000 m² special storage ...
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Carnival Corporation & plc, the world’s largest leisure travel company, has signed an addendum to one of its most strategic passenger terminal agreements, extending the contract through 2030 with an additional five years of sailings to and from Fort Lauderdale-based Port Everglades, one of the ...
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Gov. Nathan Deal recently announced that Cordele Intermodal Services (CIS), Georgia's first inland terminal, will partner with Kia Motors Manufacturing Georgia (KMMG), to handle up to 30,000 TEU containers per year to supply the Kia manufacturing plant in West Point. This partnership will save more ...
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The announcement that the Port of Philadelphia is the main port of destination for fruit departing Brazil was one of the best announcements on Tuesday, August 2, 2016, during the IX Workshop of the National Mango Board – NMB in the São Francisco Valley, sponsored by ...
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Colombian Ambassador to the United States Juan Carlos Pinzón welcomed Virginia Governor Terry McAuliffe and a delegation of senior state government officials and business leaders to Colombia for a three-day trade and marketing mission. The visit advances Colombia’s ongoing efforts to further strengthen economic relations ...
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“We are about half-way through the 2016 navigation season and our overall cargo tonnage numbers are down by 11%,” said Betty Sutton, Administrator of the Saint Lawrence Seaway Development Corp. “The lack of iron ore and coal has definitely been a contributing factor for this ...
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In response to challenging supply-demand imbalances, the Maersk Group continues to execute on factors that are within its control by reducing cost and delivering high operational performance.
The Group delivered a profit of $1.1 billion negatively impacted by the average container freight rates and oil price. ...
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Bloomberg News recently reports Trond Westlie, CFO of Maersk, recently voicing concerns over how a potential shift in US policy could threaten global trade.
He told Bloomberg:: “In general, trade barriers weaken global growth. Low trade barriers not only help trade growth, but also economic growth. ...
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Online retail giant Amazon is the latest household name to bring distribution operations to Northeast Florida. The company is establishing an 800,000 square-foot fulfillment center in North Jacksonville.
“Becoming a member of the Jacksonville community is very exciting for us as we grow our presence in Florida. We’re proud ...
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