Offshore is one of the industries with the biggest risk profiles in the world. When bad things happen in offshore, people die, often there are explosions and sinkings, fires and oil spills, and the environment can be badly polluted, killing seabirds, fish, dolphins and coral, and inflicting...
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The post FreightWaves Infographics: Investment surges in Mexico as companies shift supply chains, plan new factories appeared first on FreightWaves.
At least one person has been killed and several others are injured in a fire that erupted on the Pemex-operated Akal-B oil platform in the Gulf of Mexico. Pemex said on Saturday the fire broke out at 16.48 hrs local time in the area where the pipelines that handle gas are located, adding that it …
https://splash247.com/one-dead-and-several-injured-in-pemex-platform-fire/
Eastbound trans-Pacific ocean container spot rates plunged again this week as container ship capacity on the trade lane recovers and volumes reset at a lower level than they were pre-Lunar New Year.
The Freightos Baltic Daily Index spot rate for China to the West Coast of North America fell from $3,620 per forty-foot equivalent unit to $2,976 per FEU this week, a drop of 17.8%. The rate has come down more than 36% since March 1 as steamship line networks have adjusted and capacity has loosened...
https://www.freightwaves.com/news/trans-pacific-container-rates-plunge-again
In Maersk’s press release last week about a new warehousing facility in Tijuana, Mexico, one line stood out. It was sandwiched between a list of value-added services offered and a paragraph about the facility’s sustainable energy practices and certifications.
“Alternatively, it could operate [fulfillment or e-fulfillment] operations into the United States, leveraging the Section 321 Shipment Type** for e-commerce shipments.”
Under U.S. Customs and Border Protection rules, a Section 321 shipment...
https://www.freightwaves.com/news/how-china-skirts-tariffs-into-the-us
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The post Daily Infographic: Container shipments from China to Mexico skyrocketed in January appeared first on FreightWaves.
Chart of the Week: Import Ocean TEUs Index – China to Mexico, China to USA SONAR: IOTI.CHNMEX, IOTI.CHNUSA
Import bookings have doubled from China to Mexico compared to the same period in 2019, with the bulk of the increase coming in the past year. By contrast, import bookings from China to the U.S. are up a still-impressive approximately 40%, but nothing like the Mexico figure. What does this mean for the U.S. freight market?
The Inbound Ocean TEUs Indices (IOTI) measure bookings of...
https://www.freightwaves.com/news/is-mexico-becoming-the-new-china
Last year, Mexico overtook China as America’s top trade partner, according to data from the US Commerce Department. Just how much of Mexican exports to the world’s largest economy is backed by Chinese companies has become a source of great debate in this year of US presidential elections. Growth...
https://splash247.com/china-mexico-tradelane-in-the-spotlight-on-the-us-campaign-trail/
Offshore engineering and services player Subsea 7 has struck a deal with Woodside Energy for work on the Trion field development in Mexican waters of the Gulf of Mexico. Under the contract, worth between $350m and $500m, the Oslo-listed company will provide subsea installation services on the...
https://splash247.com/subsea-7-wins-contract-for-woodsides-deepwater-field-in-mexico/
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The post Daily Infographic: Borderlands Mexico: Mexican ports’ cargo volumes surge in January appeared first on FreightWaves.