December 2024
President-elect Donald Trump said one of his first executive order when he takes office Jan. 20 will charge neighbors Mexico and Canada 25 percent tariffs on all products coming into the United States.Separately, Trump said he would also impose a 10 percent tariff on all goods originating from China – essentially covering the largest U.S. trade partners.Meanwhile, officials from Mexico, Canada and China have threatened to respond with sweeping tariffs ...
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Port Houston handled 3.43 million 20-foot equivalent units, or TEUs, through October of this year a 7 percent improvement from last year, despite a double-digit dip in monthly volume.The Gulf port handled 309,623 TEUs in October, down 15 percent, though volumes are expected to be solid through the end of ...
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The U.S. Department of Transportation’s Maritime Administration, or MARAD, has awarded Port Houston one of 11 large Port Infrastructure Development Program grants for projects aimed at enhancing the safety, reliability, and resiliency of ports.“This important project will improve the efficiency and competitiveness of United States grain exports, improve air quality ...
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Port Canaveral showed revenue growth across all business sectors in its fiscal year 2024. and the South Atlantic port projects a strong outlook for the coming fiscal year.Canaveral Port Authority CEO Capt. John Murray, in his “State of the Port” address Nov. 20, said the port's total earned revenues came ...
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Drewry’s September Global Container Port Throughput Index improved 4.7 percent from the year-earlier quarter, though down 0.3 percent from August.The rolling 12-month average growth rate for global port handling remained at 5.5 percent, while global year-to-date growth to September was 6.5 percent, with all regions except the Middle East and ...
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French shipping line CMA CGM said it will launch a direct weekly service, Maya Service, dedicated to West Coast Central America and totally operated by CMA CGM.The service will operate with two dedicated ships operated by CMA CGM, the CMA CGM Surabaya and Magdalena Schulte.Maya Service will link Asia with ...
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Guenther Siemens, who has been with BBC Chartering in varying positions for more than 25 years, takes over the role of the managing director of Briese Chartering Jan. 1.Siemens, formerly chief operations officer at BBC Chartering, succeeds Ilona Lazareva, who stepping down from the position at her own request but ...
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As the shipping industry faces an increase in decarbonization regulations from the EU and the International Maritime Organization, or IMO, BIMCO has added to its portfolio of carbon clauses with the FuelEU Maritime Clause for Time Charter Parties 2024.
Adopted by BIMCO’s Documentary Committee on Nov. 25, the clause ...
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