U.S. and Qatar are tied for world’s largest LNG exporter
LNG stands for liquefied natural gas, a form of natural gas that has been cooled to a liquid state, making it easier to store and transport.
Russia’s gas exports to Europe have plummeted
After Europe (Russia’s largest customer for gas exports) cut ties with the country over the war raging in Ukraine, the exports to the region have reached a post-Soviet low.
Port congestion problems eased in Oakland after November drop in imports
Compared to 2021, November imports and exports were down in November of 2022 at (-17.4%) and (-12.3%) respectively.
Japan’s manufacturing output continues to shrink
For the third consecutive month, the country’s production levels have plummeted below pre-pandemic levels as global demand wanes.
China’s Covid variants are “fairly unknown” to the U.S., says former FDA commissioner
Scott Gottlieb spoke on CNBC’s ‘Closing Bell: Overtime’ in response to the latest Covid rules laid out by the United States federal government.
The Port of LB’s Channel Deepening Project approved by the Biden Administration with new bill
The Port of Long Beach’s Channel Deepening Project has been officially approved - along with four other projects nationwide - by the recently passed Water Resources Development Act (WRDA) of 2022.
Toyota’s global output hits record in November, but uncertain future remains
The threats of incoming shortages are still prevalent, even after Toyota Motor Corp.’s announcement.
Starting January 1st, ship insurers are revoking coverage of Russia, Ukraine, and Belarus war risks
Insurance companies and reinsurers - those who insure the insurance companies - have been warning of scaling back after a multitude of losses associated with the conflict in Ukraine and Hurricane Ian.
As China loses supply chains, other Asian countries step up to take their place
India, Vietnam, Thailand, Malaysia, and Bangladesh are all scrambling to replace China’s top spot as the manufacturing capital of the world after strict Covid-19 policies are sending global companies whirling.
Underwater security is critical in the wake of the mysterious Nord Stream sabotage
Seabed warfare refers to military operations that take place on or under the seabed (the bottom of the ocean).
China will likely continue to dominate the EV market, despite global efforts to take away control
Mining and refining lithium, nickel, cobalt, graphite, manganese, rare earth elements, and other critical green-energy minerals are the key to maintaining a “top-dog” position in the electric vehicle market.
U.S. Customs & Border Protection has issued new rules
The “Modernization of Customs Broker Regulations under 87 FR 63267” and the “Elimination of Customs Broker District Permit Fee under 87 FR 63262” are the latest files to be published on the Federal Register by the U.S. Customs & Border Protection.
Companies have a corporate social responsibility to evaluate human rights due diligence in their supply chains
Human rights in the supply chain refer to the rights of workers and communities throughout the production, processing, and distribution of goods and services.
Inflationary pressures and logistical mishaps are making wine very expensive
It’s getting harder to find a good “two-buck chuck”.
More strikes on deck for U.K. train drivers
The Aslef union - representing 96% of the United Kingdom’s train drivers - has announced that workers will stage a walk-out on January 5th.
The Reshoring Initiative is reporting the reshoring trend was stronger than ever in Q3
While we’re assuming there’s no conflict of interest in this report, the group is claiming that due to the business decision, 350,000 jobs were announced in 2022.
U.K.-based Ellerman City Liners now delivers directly to the GCT Terminal in New York
The port rotation includes three locations in Europe: Antwerp, Belgium, Rotterdam, Netherlands, and Tilbury, England.
Amazon commits to allowing Prime sellers to choose the carrier for logistics services in the EU
By making this decision, the massive retailer is scuttling past a potential fine of $50 billion by the European Commission for breaking the law.
China calls on local companies to step it up
Local Chinese manufacturers are under pressure after China’s Minister of Defense Wang Wentao highlighted the country’s belief that other countries are looking to “politicize and weaponize” the global economy.
Container volume levels increase 11% at Port of Houston
Located in Houston, Texas, on the Gulf Coast, the Port of Houston is made up of more than 200 private terminals, which handle a wide range of cargo, including containerized cargo, breakbulk cargo, roll-on/roll-off (RoRo) cargo, and liquid bulk cargo.