Almost a year after Italy broke with its U.S. and European partners to sign up to China’s influence-extending Belt and Road initiative, relations between Rome and Beijing risk deteriorating rather than getting closer.
In naming new executive director Danny Wan, the Port of Oakland drew from among its ranks — Wan has served for 13 years in a variety of advisory and executive management roles, including port attorney. In this conversation with SupplyChainBrain, he outlines his vision of the port’s future.
The region that straddles the Danube in Romania and Bulgaria has made it a bread basket for centuries. But after years of corruption and political upheaval, it’s finally plugged into the world economy thanks to the EU’s open borders and money.
Challenge: Since February 2018, the cost of duties for U.S.-China operations has substantially grown. There are now $550 billion in tariffs applied exclusively to Chinese imports, while China has imposed $185 billion on U.S. goods.
A draft executive order would target foreign shippers routing deliveries through the U.S. Postal Service — not the two-largest U.S. couriers United Parcel Service Inc. and FedEx Corp.
The first cargo of liquefied natural gas has set sail from a $15 billion Texas export terminal, amplifying America’s growing influence on the global market for the fuel.
Since 2016, some 35,000 workers have quit or lost their jobs at Hyundai Heavy Industries in South Korea’s port of Ulsan — in a downturn as dramatic as it was sudden.
