In order to mitigate the effects of significant and unforeseeable disruptions to supply chain operations, businesses should consider adding two clauses to their contracts: expedited arbitration and a requirement to obtain “business interruption” insurance.
Streamlines to call Dunkirk on Caribbean-Europe reefer service
The Antwerp-based reefer carrier will add a call to the French seaport to its Blue Stream service between Europe, Central America, the Caribbean and the U.S. East Coast starting in mid-January.
Greenbriar net earnings, revenues fall in Q1 FY2018
The Lake Oswego, Ore.-based railroad transportation equipment manufacture posted net earnings of $26.3 million on revenues of $559.5 million for the first quarter of its fiscal year 2018, which ended Nov. 30, 2017.
Port of Montreal handles record 38m tons of cargo in 2017
According to the Montreal Port Authority, the record cargo volume growth was supported by major development projects in 2017, including the new Viau Container Terminal, which completed its first full year of operations last year.
Treasury lists boycott countries
U.S. companies must use IRS Form 5713 to report operations in or related to countries participating in international boycotts unsanctioned by the U.S., and to report the receipt of boycott requests and the entering into boycott agreements.
PSA Marine to provide LNG ship services in Bangladesh
Singapore-based Summit LNG Terminal Co., has awarded a contract to PSA Marine Bangladesh to provide ship services to liquified natural gas (LNG) vessels calling the floating storage and regasification unit terminal in Bangladesh.
Great Lakes limestone trade jumps 6.4% in 2017
Shipments of limestone on the Great Lakes increased 6.4 percent in 2017 compared to 2016, according to the Lake Carriers’ Association (LCA).
Executive Moves: EVA Airways and Port of New Orleans
EVA Airways announces president and the Port of New Orleans CEO is appointed to advisory council of the Federal Reserve Bank of Atlanta.
Terminal operators in LA, Long Beach look to overhaul PierPass OffPeak program
Consulting firm The Tioga Group in February will present recommendations to the West Coast Marine Terminal Operating Agreement (WCMTOA) for potential modifications to the PierPass program, which was created to address multi-terminal issues like congest…
Industry, domestic producers squabble over trade remedy for large residential washers
During an interagency Trade Policy Staff Committee (TPSC) meeting in Washington Jan. 3, representatives of local governments, Samsung, LG, and Sears, were among the parties arguing against a three-year tariff-rate quota recommended by the ITC in October.