PortMiami and Port Everglades will work together, rather than compete, to market South Florida as a gateway for Asian goods at the upcoming TPM Asia Conference in Shenzhen, China.
Cause of water seepage in new Panama Canal lock discovered
The builders of the new locks will reinforce the sills in all the locks, even where no leaks observed, and still expect to meet their April 2016 deadline, according to a statement from the Panama Canal Authority.
Fitch: Slow growth in China poses risks for shipping industry
Dry bulk and container shipping sectors are those most likely at risk of damage from the economic slowdown in China, while the tanker industry should prove to be resilient, according to a new report from Fitch Ratings.
ICTSI hopes NLRB decision will help bring carriers back to Portland
Under the ruling by the National Labor Relations Board, the ILWU is required to post a notice saying it will not encourage employees to withhold services, or engage in slow downs and work stoppages.
Caribbean trade program still offers ‘negligible’ benefits
The U.S. International Trade Commission said the overall effect of the Caribbean Basin Economic Recovery Act on the U.S. economy remains minute, while the effect on beneficiary countries is “small but positive.”
IATA: Airfreight volumes stabilize after July decline
Year-over-year cargo volumes were relatively flat in August, an improvement from the 0.6 percent contraction in July, but volumes are still down 2 percent from the end of 2014, according to the International Air Transport Association.
Sens. Stabenow, Peters unveil grants to spur Western Michigan economy
The West Michigan Shoreline Regional Development Commission will receive $62,500 and the commission and Michigan State University will receive $111,706 in grant money from the Economic Development Administration.
U.S. Trade Representative tweaks GSP program
Based on the Obama administration’s limited annual review, Generalized System of Preferences will now include five upland cotton fiber products and the reinstatement of the Ukraine in the program.
Matson begins production of new vessels
The ocean carrier will take delivery of two 3,600-TEU containerships from Aker Philadelphia Shipyard Inc. that are currently expected to be delivered in the third and fourth quarters of 2018.
China approves $17b in new railway projects
The Chinese National Development and Reform Commission has approved plans for three rail projects that will run through the Yunnan, Guizhou and Sichuan, Jiangsu, and Hubei provinces, according to Reuters.