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Central Florida’s Port Canaveral said it is investing more than US$500 million in landside and waterside improvements as part of its comprehensive Port Canaveral Advantage plan to expand capacity and capabilities across all aspects of its business operations.
"Port Canaveral has been a driving force for the Central Florida economy for over seven decades and the continued prosperity of our Port community depends on our continued success," said Capt. John Murray, ...
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The 17th edition of the One World’s Market Sentiment Index, or MSI, for the multipurpose and breakbulk industry, shows further slippage in sentiment from 54.3 in the last edition to 53.3 in this edition but still above 50 which marks the point between generally positive ...
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Tariffs imposed by President Donald Trump have not yet led the U.S. into a recession, but worries over the economy are widespread and growing despite continued job and income gains, National Retail Federation Chief Economist Jack Kleinhenz said May 7.
“The possibility of a U.S. recession ...
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The severe downturn in U.S. imports following Trump’s 145 percent tariffs against China and similar exorbitant rates across the Pacific Rim and the world has been no surprise for the nation’s port officials.
“It’s not a surprise to us. We knew what the impact of ...
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The U.S. House of Representatives on April 30 voted to rescind the Environmental Protection Agency's 2023 approval of California's plans to require a rising number of zero-emission heavy-duty trucks, Reuters reported.
The House also voted to repeal an EPA waiver issued in December under former President ...
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German container shipping line Hapag-Lloyd reported first quarter first quarter earnings up 17 percent, while forecasting lower earnings expectations for 2025.
Operating profit jumped 24 percent, to US$500 million in the first quarter, while revenue rose nearly 19 percent to US$5.1 billion. Strong demand pushed transport ...
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Drewry Supply Chain Advisors, the ocean freight cost benchmarking and procurement support division of Drewry Shipping Consultants, said it is significantly expanding lane coverage within its flagship spot market ocean freight rate benchmarking service, Container Freight Rate Insight, or CFRI.
The London-based maritime research and consultancy ...
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GEODIS said it has signed a cooperation agreement with DOLFINES to develop and market a port-based version of a high-capacity lifting device dedicated to floating offshore wind projects.
Through its subsidiary Sealogis, GEODIS will support DOLFINES – an engineering company specializing in energy industry solutions – ...
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TT Club, the international freight transport insurer, is raising awareness the increasing prevalence of credit fraud over the last 12 months.
Fraudulent strategies can be extremely lucrative for international criminals and the global supply chain is typically low-risk due to the remote nature of the actual ...
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The Port of Long Beach has been the busiest port in the U.S. the last six months, as imports surged ahead of anticipated tariffs.
Dockworkers and terminal operators moved 817,457 twenty-foot equivalent units last month, or TEUs, up 25 percent from March 2024. Imports grew 25.8 ...
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