INTERNATIONAL TRADE
It is trite (but right) to say that no-one benefits from trade disputes
Geoff Farnsworth and Nathan Cecil, partners at Holding Redlich, write:
Australian exporters of various commodities are suffering as a result of action by the Chinese Government, as are their Chinese counterparts.
At a macro-level, these issues will need to be resolved at a government and diplomatic level, or possibly at the WTO.
But these can take time.
So where do risks lie under open contracts when imposts like tariffs are made? A recent decision of the Victorian Supreme Court provides some...
Competitive Bunkering by SFOL
Sinopec Fuel Oil Lanka Limited (SFOL), a unit of China’s Sinopec group located in Hambantota port, is making Sri Lanka’s ship bunkering more competitive by re-supplying domestic operators with lower cost bunkers, officials said.
Lanka Marine Services, a unit of Sri Lanka’s John Keells Holdings and the country’s top bunker operator which gets most of its business from Colombo port, is the first customer of its wholesale business, reports economy next.
Country’s Top Bunker OperatorLMS had chartered...
GSCW chat recap: Customs and trade in post-Brexit world
This fireside chat recap is from Day 6 of FreightWaves’ Global Supply Chain Week. Day 6 focused on global maritime logistics.
FIRESIDE CHAT TOPIC: How Brexit will influence trade across Europe
DETAILS: While the U.K. has already left the European Union, there are a number of questions that remain about trade flow, customs regulations and relationships between Britain and the EU.
SPEAKER: Walter Van der Meiren, director for customs brokerage at UPS Europe.
BIO: Van der Meiren has over 35 years of...
https://www.freightwaves.com/news/gscw-chat-recap-customs-and-trade-in-post-brexit-world
GSCW: Selling a city — Put That Coffee Down
Kevin Hill is used to delivering hot sales advice for the freight markets, but what about selling an entire city? On this episode of Put That Coffee Down, Hill and FreightWaves Lead Economist Anthony Smith talk to Teclo Garcia, economic director of Laredo, Texas, about how he sells his city as a place for businesses to call home.
The Port of Laredo is the top inland port along the U.S.-Mexico border, and according to the U.S. Census Bureau saw over $200 billion in imports and exports in 2020....
https://s29755.pcdn.co/news/gscw:-selling-a-city-—-put-that-coffee-down
Shipping 2021: leadership insights on the future of shipping and international trade
COVID-19 has brought unprecedented disruption to global economies, but the deployment of vaccines against the virus has brought a glimmer of light on the horizon.
Shipping continues to play a pivotal role in maintaining supply chains and global trade flows and part of this will include delivering COVID vaccines and associated materials around the world.
As part of the International Chamber of Shipping’s...
Vancouver Fraser Port Authority investment in shipment visibility paying off
Although rail can be a blind spot for many ports, a partnership between the Vancouver Fraser Port Authority and the primary railroads that serve it is generating more reliable data for use in forecasting demand.
The Vancouver Fraser Port Authority’s work to achieve greater multimodal shipment visibility also could become a model for other gateways.
“The Vancouver Fraser Port Authority has made good progress, together with Railinc, by investing more heavily in information and analytics. The port...
Commentary: 20-foot container crunch may impact harvests
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.
The U.S. agriculture industry has faced numerous headwinds during the COVID-19 pandemic, and with harvests just around the corner, there is a trend developing that could impact the availability of the industry’s desired 20-foot containers.
(Photo: Melissa Askew/Unsplash)
Containership lines’ blank sailings over the past few months...
https://s29755.pcdn.co/news/commentary-20-foot-container-crunch-may-impact-harvests
Container shipping laden with ‘antiquated processes’
Until container carriers can agree on a common “business language,” the electronic conveyance of important information will be lost in translation, according to Digital Container Shipping Association (DCSA) CEO Thomas Bagge.
Bagge said during a World Economic Forum webinar Monday that DCSA’s nine members — CMA CGM, Evergreen Marine, Hapag-Lloyd, HMM, Maersk, MSC, ONE, Yang Ming and ZIM — had six different definitions for what constitutes a vessel’s arrival in port.
“That’s hugely problematic....
https://s29755.pcdn.co/news/container-shipping-laden-with-antiquated-processes
Houston’s top trade countries
International trade is a huge industry in the Bayou City. Trade between Houston companies and their worldwide trade partners was valued at $192.2 billion in 2017, according to a May 2018 report from the Greater Houston Partnership. Houston’s two international airports, a spaceport and the Port of Houston — the busiest port in the state of Texas and the 16th busiest port in the world by tonnage — all contribute to Houston’s trade activity. Here are the five countries doing the most business with...