CSAV and Kühne Maritime will double down on their investments in the German container liner by each investing an additional $50 million.
Nike Becomes Top Performer in Stocks After Q1 Earnings Beat
Beaverton, OR—Some people may be worried about sales in China. Well, Nike ain’t some people. The athleticwear giant reported late Thursday sprinted past its first quarter estimates with sales up 5% to $8.4 billion (excluding currency fluctuations up 14%). The news was greeted warmly by Wall Street where today Nike saw its shares up almost […]
The post Nike Becomes Top Performer in Stocks After Q1 Earnings Beat appeared first on Accessories Magazine.
Film Short: Scarves as Sensual Artwork
New York—A video of ways to tie a scarf may be a great idea for a classic, mainstream scarf collection, but not if it’s a luxury line of scarves based on satellite prints of cities worldwide. For Azin Valy, the architect who came up with the idea to use the maps as scarf designs, something […]
The post Film Short: Scarves as Sensual Artwork appeared first on Accessories Magazine.
A to Z: Magid
Much of what makes a company successful in the fashion business is experience. At Magid, a brand established in 1916, there’s experience in spades. Based in Manhattan, with offices in China and Hong Kong, Y&S, Magid’s parent, is a family-owned business led by Moishe Rand and his four sons Larry, Charles, Ari and Pinny who […]
The post A to Z: Magid appeared first on Accessories Magazine.
Spot container rates sink for third straight week
Since last week, rates from Shanghai to Northwest Europe and the Mediterranean fell by 31.4 percent and 30.1 percent, respectively.
Foltz details FY’16 investment budget for Savannah
Investments are keeping Savannah ahead of new cargo demand, the Georgia Ports Authority executive director said in his annual State of the Port speech Thursday.
BWR: Ocean carriers shake up Asia-ECSA trade
Data from BlueWater Reporting shows the termination of the NHX service between Asia and East Coast of South America will decrease weekly deployed capacity between the two regions by 10.2 percent.
Q2 U.S. GDP beats expectations
The U.S. Department of Commerce’s Bureau of Economic Analysis revised a previous prediction of a 3.7 percent annual growth rate in second quarter gross domestic product to a 3.9 percent increase.
China investigating shipping companies for ‘arbitrary charges’
Complaints against shipping companies involve telex charges, container seal fees and terminal handling charges, according to state news agency Xinhua.
U.S. durable goods orders drop in August
New orders for manufactured durable goods fell 2 percent to $236.3 billion in August following two straight months of growth, according to the latest figures from the U.S. Census Bureau.