FASA

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.”

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.

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.

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.

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.

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.

The U.S.-owned and operated marine solutions, transportation and logistics company took delivery of the first product tanker constructed with consideration for the future use of LNG for propulsion.

The multi-million dollar renovation on the port’s main dock will enable the port and Tuloma Stevedoring, the operator of the port’s main dock, to handle over one million tons of steel and break bulk cargo each year.

The state of Indiana and the province of Quebec will establish a partnership through which they will launch an initiative to study opportunities to strengthen short-sea shipping in the area via greater regional collaboration.

Due to construction challenges and severe 2014 winter weather, the deck raising will now be completed in late 2017, with entire project to be completed in mid 2019, according to the Port Authority of New York and New Jersey.