Asian shipping and logistics executives are not overly concerned about the impact of the US and China trade war and see a shift in trade patterns.
The Great Lakes shipping community received a huge boost in late October, with President Donald Trump signing a bill that would authorize close to $1bn for construction of a second lock allowing transits of large “Laker” vessels, at the Soo Locks in the north of Michigan at the eastern terminus of Lake Superior.
Crowley Maritime Corp has named its LNG-powered vessel El Coqui in a ceremony at JaxPort cruise terminal.
As container lines withdraw services from Iran in the face of sanctions IRISL is looking to maintain links with a new Chinese-based shipping line Reach Shipping Lines.
Crowley Logistics is opening of a new, walk-up retail shipping service centre in South Florida to better serve consumers shipping small parcel and retail cargo to Puerto Rico, the Caribbean and Central America.
Panama’s Minister of Maritime Affairs Jorge Barakat and the United States’ Maritime Authority Administration (MARAD)’s Admiral Mark. H. Buzby, have inked a major maritime transport co-operation agreement in Washington D.C.
Like a weary boxer, the Capesize freight market crumbled just before the knockout blow of escalating US - China tension.
The Baltic Dry Index (BDI) started last week on a firmer footing despite the trade tensions between US, China and Turkey that waned investors’ confidence.