US trade deficit reaches third consecutive month
It is reported that the United States trade deficit has grown for the third consecutive month, reaching $70.5 billion.
Do 'Spy Cranes' from China Really Exist?
Numerous ports in the United States are utilizing cranes made in China, and it has been discovered that they include sensors capable of measuring and tracking the destinations of containers.
Exploring Russian Oil Tankers in Depth
Russian oil shipments have experienced a massive surge in recent weeks, jumping from one million barrels per day to 4.13 million barrels per day in just one week.
Russia Faces Sanctions from 8 Countries
Over the past year, Eventwatch has sent out more than 242 alerts about sanctions against Russia.
The UN Plans to Commence Deep-Sea Mining Operations this Summer
Companies interested in mining the ocean floor can now submit applications to the International Seabed Authority starting in July, following approval of the controversial practice despite significant pushback.
February's U.S. Container import shows the largest monthly decline on record
Last month, the container volumes received by the U.S. dropped 28% in merely thirty days.
French CMA CGM joins the car-carrying oceanic market
The France-based maritime carrier CMA CGM has already penetrated the air cargo and logistics market with profit, and now they are looking to expand again.
China e-commerce giant plans a warehouse in California
JD.com is looking to grow its US logistics arm into its third self-operating warehouse in California.
Mexican authorities have seized an American port terminal
Near the popular vacation destination of Playa Del Carmen, Mexico, Mexican security forces have taken over a private port owned by the American company “Vulcan Materials”.
Two maritime giants are keeping Russian oil deliveries alive and well
Gatik Ship Management and Fractal Shipping have seemingly sprung out of nowhere to run $2 billion in tanker assets between the two of them.
Renewal of the US trade deal is delayed
The Generalized System of Preferences (GSP) expired in 2020, ending the tariff-free access over 100 countries had to the United States market.
General Motors facing struggles selling in China, the largest automotive market
US automaker GM is reporting declining operations and joint ventures in the country across the Pacific Ocean, sitting at approximately 67% less than numbers relayed in 2014-2015.
Relationship worsens between US & China, according to DHL global trade report
While it may not be “breaking” news to anyone, the DHL Global Connectedness Index 2022 is showing that the frayed ties between the two powerhouse nations only seem to be getting looser.
Count Rockwell Automation Inc. CFO Nick Gangestad suspects supply chain issues will linger
Speaking at this week’s JPMorgan Industrials Conference, Gangestad discussed the 26,000-employee-strong company’s first-quarter pace and his expectation that the health of the world’s supply chain has a long way to go.
Port of LA teams up with Japan ports to create a green shipping corridor
Agreements between LA and the ports of Tokyo and Yokohama were signed during the 2023 California Japan Clean Energy Trade Mission, creating a Green Shipping Corridor (GSC) partnership.
PepsiCo cuts ties with a long-time Indonesian palm oil supplier
The relationship between PepsiCo and Astra Agro Lestari involved the sourcing of palm oil from the latter by the former.
Why will intermodal freight be the future?
Intermodal refers to the transportation of goods or cargo using multiple modes of transportation, such as rail, truck, and ship, without handling the goods themselves when changing between modes.
Europe says electric vehicles are proving to be too expensive for the middle class
Europe has slowed production of lithium-powered cars, their production this year is expected to be over a million cars less than the original estimate.
Italy and Germany team up to change EU’s combustion engine ban
Germany, Italy, and some other small eastern European countries have formed an alliance in order to voice opposition to Europe’s ban on combustion engines.