Feeling pandemic’s brunt, U.S.-bound port volumes see further declines, reports Port Tracker
NRF Vice President for Supply Chain and Customs Policy Jonathan Gold noted in the report that even with factories in China getting back online, there still remains fewer U.S.-bound imports than were initially expected.
Trump Says May Jump Into Navy Furor After Captain Ridiculed in Speech
U.S. President Donald Trump said he may get involved in a deepening crisis in the Navy after its top civilian on Monday ridiculed a revered former commander whose letter pleading for help for his coronavirus-stricken aircraft carrier was leaked…
Duluth Seaway Port Authority Officers Elected
During its annual meeting held March 25, the Duluth Seaway Port Authority Board of Commissioners elected officers for the fiscal year beginning April 1, 2020.The board re-elected Rick Revoir to serve his second year as president. Other appointments included Tony Sertich as vice president…
Ocean cargo industry is tough to forecast in wake of COVID-19, say analysts
The world is a very different place compared to when the last edition of Drewry’s Container Forecaster report was published in December. The only certainty is supply and demand volatility.
FourKites’ research takes long look at COVID-19-related delays and dwell times
Data recently issued by Chicago-based FourKites, a provider of real-time tracking and visibility solutions across transportation modes and digital platforms, highlights the difficulties being encountered at facilities—located in the United States and Europe—in dealing with increased shipment volumes resultant of meeting coronavirus- (or COVID-19) related demand.
State of European Logistics 2020: Embracing EU uncertainty
In the wake of Brexit and continuing trade struggles across the continent, U.S. shippers are urged to be flexible as new formalities take hold.
Factory Ship to Produce Sanitizer to Fight Coronavirus
Owners of a factory ship moored off southern France which normally turns seawater into bottled mineral water have converted it to make sanitizing solution in the fight against the coronavirus.At the start of the year, the 179-meter long Odeep…
IADC Postpones June Events to Late 2020
In line with many maritime and offshore organizations and in response to the COVID-19 pandemic, the International Association of Dredging Companies (IADC) announced that it was postponing two June 2020 events until the autumn of 2020.-- The Seminar on Dredging and Reclamation in Delft…
COVID-19 Impacts on Demurrage and Detention
What might not be so obvious in this COVID-19 environment, which we have grown to associate with shortages, is that counterintuitively there are issues beginning to appear dealing with the opposite situation. The Journal of Commerce has reported…
As Oil Crisis Deepens, Hedge Funds Sense a Turnaround
Hedge fund managers sensed oil prices were nearing a turning point last week, and for the first time in more than two months started to add long positions in anticipation prices would bounce from an unsustainable low.Overall, hedge funds and…