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US

12 March 2020

Coronavirus could cost world $2 trillion

The coronavirus outbreak could cost the global economy as much as $2 trillion, according to the United Nations Conference for Trade and Development (UNCTAD).

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9 March 2020

Coronavirus causes Chinese commerce crash

China's foreign trade of goods fell 11% year-on-year (YoY) in the first two months of 2020 amid disruptions caused by the coronavirus outbreak, according to data from the General Administration of Customs.

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18 December 2019

EU-US trade disputes risk escalation

Although not as substantial as the US-China trade war, European Union (EU)-US trade disputes risk escalation according to analysis given by Flexport freight forwarding specialists.

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26 September 2019 Digital

US Slams Sanctions on COSCO

The United States Department of the Treasury has placed sanctions on two subsidiaries of Chinese state carrier COSCO after it allegedly breached sanctions placed on Iran.

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9 September 2019

US Fuels CMA CGM Volume Boom

CMA CGM, the fourth-biggest container shipping line in the world by market share, enjoyed growth in volume, revenue and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) in the second quarter of 2019 despite global uncertainty.

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5 September 2019 Digital

China Takes Trade War Complaint to WTO

China decision to file an official complaint with the World Trade Organisation (WTO) over new tariffs from the United States (U.S.) on Chinese products is mostly a symbolic attempt to gain "moral high ground by supporting the international trading system amid the ongoing trade war", said South China Morning Post quoting analysts.

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4 September 2019 Digital

US Gives Terminal Merger Green Light

The Federal Maritime Commission (FMC) has approved a joint venture between two adjacent terminals at the Port of San Juan, Puerto Rico, despite being concerned about its effect on the market place.

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15 August 2019 Digital

Long Beach Unveils Latest Green Initiative

The Port of Long Beach has awarded approximately US$1.3 million to 16 proposed projects to improve air quality and energy efficiency at facilities used by the public.

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12 August 2019 Digital

Major US Port Authority Smashes Record

The South Carolina Ports Authority (SCPA) has recorded its busiest July in Port history at container terminals and inland ports, as it began the new fiscal year strongly.

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8 August 2019 Digital

UK Police Seize Huge Drug Haul

Authorities in the UK have seized almost USD$50 million of heroin hidden in a container at the Port of Felixstowe in one of the biggest drug busts the country has seen. According to multiple reports, which cite the National Crime Agency (NCA), the 400kg haul was discovered hidden under towels and bathrobes when Border Force […]

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