A potential strike that could have had adverse effects on the demand for industrial warehouses in North America’s thriving commercial property sector seems to have been avoided with a tentative agreement between union dockworkers and West Coast port operators. Late Wednesday, the Pacific Maritime Association and the International Longshore and Warehouse Union announced that they […]
Read MoreAs the bustling summer season kicks off, labor disputes have disrupted the flow of shipping in the United States. Members of the International Longshore and Warehouse Union have staged protests, resulting in congestion and delays at U.S. West Coast ports, as reported by CNBC. The average wait times for container vessels attempting to enter Los […]
Read MoreDespite the looming possibility of a US economic recession, different industry verticals may be impacted in various ways, and freight markets might not experience a severe downturn, according to a prominent transport analyst. Lee Klaskow, Senior Freight and Transportation Logistics Analyst at Bloomberg Intelligence, believes that while a US recession is probable, the destocking efforts […]
Read MoreWASHINGTON/LOS ANGELES, June 5 (Reuters) – Major retailers and manufacturers are urging the White House to step in and mediate the labor negotiations at West Coast ports, expressing concerns about potential disruptions to shipping during crucial holiday shopping seasons. This call comes after the closure of the largest terminal at the Port of Long Beach […]
Read MoreSeaweed, with its vibrant hues of purples, golds, and greens, is garnering attention as a potential game-changer in the fight against climate change. Startups are touting its diverse benefits, including carbon absorption, mitigation of methane emissions from cattle, biofuel production, and global food security. Varieties like sugar kelp, sea lettuce, dulse, bladderwrack, and Irish moss […]
Read MoreBIMCO has recently published its Shipping Market Overview & Outlook for Q2 2023, focusing on the supply and demand dynamics in the container shipping market. The report highlights the challenges faced by liner operators due to a weakened supply/demand balance. Regarding the demand side, BIMCO’s base case scenario suggests that global container volumes will […]
Read MoreAs the supply chain landscape undergoes rapid evolution, organizations must adopt technology-driven solutions to maintain a competitive edge and achieve optimal results in their future projects. Efficient project management plays a critical role in ensuring the success of supply chain operations, and businesses are increasingly leveraging various tools to streamline their project management processes and […]
Read MoreAccording to Mike Dean, an automotive equity research analyst at Bloomberg Intelligence, the supply of lithium batteries for electric vehicle (EV) production could face a bottleneck starting in 2025. The growing demand for EVs, fueled by consumer interest and government incentives, is expected to surpass the available capacity for battery production. Dean highlighted that while […]
Read MoreRumors of the U.S. dollar’s decline have been circulating for several weeks, prompting discussions about its future as the dominant currency for global trade since the Second World War. Speculation suggests that the dollar’s influence is waning, fueled by reports of Russia contemplating the use of China’s yuan for international trade and Saudi Arabia considering […]
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