Wealthy Americans Building "Passport Portfolios" for Security and Flexibility
Wealthy American families are increasingly obtaining second, or even multiple, citizenships and residences, a trend highlighted by Henley & Partners, a law firm specializing in high-net-worth citizenships.
OPEC+ Sticks to Strategy, Saudi Arabia Extends Unilateral Oil Cut
OPEC+ decided to maintain its current production cut strategy after Saudi Arabia extended its unilateral cutback of 1 million barrels a day into September.
Pertamina Signs Contracts Worth US$49.3M, Expanding to 26 International Routes
Pertamina International Shipping (PIS) achieved a major milestone by signing four business cooperation agreements with global players through its branch office, PIS Middle East (PIS ME), based in Dubai.
Impending Expiration of Ukraine Grain Deal
The United Nations-brokered Black Sea Grain Initiative, which has facilitated the safe export of 32 million metric tons of food from Ukraine, is set to expire on July 18.
International Maritime Organization Reaches Unanimous Agreement on Greenhouse Gas Emission Reduction Rules
The International Maritime Organization (IMO) has reached a unanimous agreement on updated rules to reduce greenhouse gas emissions from shipping vessels.
The Current Landscape of Global Logistics
Unforeseen drops in international freight pricing and an oversupply of freight capacity have led to a reversal in the global trade, supply chain, and logistics landscape.
Freight Forwarding Industry Faces Hurdles in the Second Half of 2023
Supply chain professionals are expressing concerns about three main challenges in the second half of 2023: the possibility of a U.S. recession, geopolitical risks, and rising operating costs.
Shipping Industry Advocates for Prudence in Climate Targets
The International Chamber of Shipping (ICS), which represents 80% of the world's commercial fleet, has advised its members to consider the implications of a new plan to reduce maritime emissions before committing to it.
Chinese solar manufacturing giants buckle down against international trade challenges
China is asking some of its biggest solar panel manufacturing companies to get tough and hold steady against an incoming barrage of international “threats” to their trade power.
Norway and the U.S. are partnering for the “Green Shipping Challenge”
At the COP27 United Nations Climate Change Summit in Egypt this week, Norwegian Prime Minister, Jonah Gaher Støre, and U.S. Special Presidential Envoy for Climate, John Kerry announced the launch of their new project.
DHL Express's annual price hiker is greater than that of competitors UPS and FedEx
While some are concerned about UPS and FedEx shipping rate increases, it also looks like you can’t look anywhere else for lower prices.
FedEx leadership warns of plummeting global shipping demand
They might be right. FedEx’s sales forecast was full of cost-cutting measures after Q1 profits showed poor performance.
Spreadsheets are still managing global supply chains
Spreadsheets and email may be seen as archaic in the days of robotics and data harvesting systems - but the reality is that most of the largest shippers and suppliers in the world are still relying upon these processes to get work done.
Women in supply chain sector more likely to be in C-level positions at international firms
In 2022, 19% of high-level positions are led by women, as compared to 15% in 2021.