Retailers concerned by the lack of a West Coast longshoremen's contract will continue to bring merchandise into the country at above-average levels this month, but volume will drop from the record set in August, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Total cargo shipments on the St. Lawrence Seaway have now surpassed 2013 levels despite one of the most difficult starts to the shipping season in years due to ice coverage. According to Seaway figures, total cargo tonnage from March 25 to August 31 reached 20 million metric tons, up 3 percent over the same period last year.
Egypt said on Tuesday it plans to build a new Suez Canal alongside the existing 145-year-old historic waterway in a multibillion-dollar project to expand trade along the fastest shipping route between Europe and Asia.
Importers and exporters were holding their collective breath last week, praying that negotiations for a new West Coast longshore labor contract wouldn't result in a temporary shutdown of the ports. But service providers were just as concerned about what happens if they stay open.
Actions taken by the Department of Homeland Security and two of its component agencies, the U.S. Coast Guard and Federal Emergency Management Agency, as well as other federal agencies, to address cybersecurity in the maritime port environment have been limited, according to the U.S. Government Accountability Office.
Global shipping lines are increasingly shying away from handling cargoes to Iran as restrictions on banking and insurance continue unabated, despite an interim agreement between Tehran and the West that called for limited sanctions relief.
The latest news, analysis, services and systems regarding global seaports and airports and their impact on global supply chains. Today’s companies are transporting and delivering goods to more international customers than ever before through global ports and free and foreign trade zones. As infrastructure around these global gateways continues to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are improving supply chain operations through their strategic use of global seaports and airports.
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