The explosion at Tianjin Port last August should be seen as a spectacular example of why those operating throughout the global supply chains should examine their work practices and risk policies more thoroughly.
Import cargo volume at the nation's major retail container ports is expected to be mostly down through the summer but should see a significant uptick just before the winter holiday season, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
The balance of seaborne-cargo delivery in the U.S. shifted further east in the last year, resulting in East Coast seaports making gains against their West Coast counterparts in CBRE Group Inc.'s second-annual North American Seaports and Logistics Index.
F.S. Mackenzie Group, the U.K. and Russia member of the FPS (Famous Pacific Shipping) network of independent freight forwarders and non-vessel operating common carriers, has opened a new office in Tbilisi, Georgia.
The U.S. is served by publicly - and privately-owned marine facilities located in approximately 360 commercial sea and river ports. These are found along the Atlantic, Pacific, Gulf and Great Lakes coasts, as well as in Alaska, Hawaii, Puerto Rico, Guam and the U.S. Virgin Islands.
The American Association of Port Authorities suggested that its member ports intend to spend over $150bn in combined infrastructure investments by 2020 - contrasted with a "best-case" government investment in port-related freight infrastructure of only $25bn over the same period.
Weft has developed a real-time ranking of global container ports. It is intended to provide companies with data related to such processes as procurement, contract negotiations and other shipment-planning decisions.
Import cargo volume at the nation's major retail container ports is expected to decline year-over-year for the next few months, but the first half of the year should still amount to a 4.5-percent increase compared with the same period last year, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Claims related to the massive explosion at the port of Tianjin, China, may grow to as much as $6bn, says the International Union of Marine Insurance (IUMI). More than half of the claims reportedly fall within marine insurance or reinsurance lines - potentially making it the largest single marine disaster (by claim value) in history, surpassing Hurricane Sandy.
