First U.S. Arctic Deep Water Port: A Hub for Cruise Ships and Military Operations
The expansion of the port in Nome, Alaska, is set to transform the region, accommodating larger cruise ships, cargo vessels, and military ships, and making it the nation's first deep-water Arctic port.
Buttigieg Advocates 'Green Corridors' to Reduce Shipping Industry Emissions during Yokohama Port Visit
U.S. Transportation Secretary Pete Buttigieg visited the port of Yokohama in Japan and emphasized the importance of establishing "green shipping corridors" to reduce carbon emissions in the shipping industry.
Tentative Labor Deal Calms Tensions at West Coast Ports
The International Longshore Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) have reached a six-year tentative deal, putting an end to the long-standing labor dispute at West Coast ports.
Just weeks after being banned from selling chips to China, Micron pledges a $600 million investment in the country
Micron Technology Inc. has announced a significant investment of $602 million in its chip-packaging plant in China, despite recent restrictions imposed by the Chinese government on the use of its semiconductors.
FEMA has enlisted the services of Ukrainian cargo airlines to provide relief efforts in Guam
The Federal Emergency Management Agency (FEMA) has engaged the services of two Ukrainian cargo airlines to support emergency airlift operations for disaster recovery in Guam, despite objections from U.S. carriers.
Despite attempts to reduce dependence, Russia remains the primary supplier of uranium to the United States
Despite efforts to reduce reliance on Russian uranium, Russia maintained its position as the top supplier of nuclear reactor fuel to the United States last year.
PMA and ILWU Reach Tentative Agreement on Six-Year Contract for West Coast Ports
Pacific Maritime Association (PMA) and International Longshore and Warehouse Union (ILWU) have announced a tentative agreement on a six-year contract for workers at 29 West Coast ports.
The growth of Japan's exports has slowed down to its weakest pace since 2021 due to a decline in demand
Japan's exports have experienced their weakest growth in over two years, signaling a global economic slowdown and adding uncertainty to the country's growth outlook.
U.S. Drops in Supply Chain Rankings Due to Child-Labor Violations
U.S. joins high-risk countries for ESG supply chain issues, according to a study by Elevate.
Delays in Ship Wait Times Recorded at Seattle, Long Beach
Recent disruptions at West Coast ports have led to longer wait times for ships at berths, raising concerns about potential supply chain issues.
Asia to Spearhead Air Traffic Boom in Coming Decades, Predicts Airbus
Airbus forecasts that over the next 20 years, approximately 40,850 new jets will be delivered by aircraft manufacturers as airlines expand their fleets and replace older planes with more fuel-efficient models, with Asia being a significant driver of this growth.
NEOM and King Salman Airport Driving Rapid Development in the Middle East
The Middle East is experiencing rapid development, with notable projects like NEOM and the King Salman International Airport transforming the region.
The deadliest migrant shipwreck off Greece this year has led to fears that hundreds of people may have drowned
At least 79 migrants have drowned, and hundreds more are missing and feared dead after their overloaded boat capsized and sank off the coast of Greece.
South America's Lithium Triangle Enters a New Era
Latin America and the Caribbean, particularly Argentina, Bolivia, and Chile, are experiencing a shift in their economies as lithium, a crucial element for renewable energy and electric vehicles, gains prominence.
OPEC data suggests that Saudi Arabia's decision to reduce oil output will tighten the oil market
Based on data from OPEC, Saudi Arabia's decision to cut oil production is expected to significantly tighten global markets in July 2023.
The West Coast ports are currently shrouded in confusion and uncertainty due to a labor dispute
The West Coast ports are currently facing a labor dispute that has created confusion and uncertainty.
GXO Logistics has announced the launch of a multiyear expansion plan in Germany
GXO Logistics has unveiled a multiyear expansion plan in Germany, starting with the construction of a 387,000-square-foot warehouse in Dormagen, a key logistics market.
The Chamber of Commerce urges President Biden to designate a mediator in contract negotiations between the PMA and ILWU
The U.S. Chamber of Commerce has written a letter to President Joe Biden, urging him to appoint an independent mediator to assist in resolving labor negotiations at West Coast ports.
Canadian Dockworker Strike Threatens Supply Chain, Raising Concerns for US Ports and Consumers
Over 7,000 unionized dockworkers in Canada may go on strike soon, causing potential disruptions in the supply chain that could impact the US and consumer prices.
Operations at the Port of Seattle have been suspended due to a clash between the ILWU and the PMA
Cargo operations at the Port of Seattle have been halted due to coordinated work actions led by the International Longshore and Warehouse Union (ILWU), according to a tweet from the Pacific Maritime Association (PMA), which represents terminal operators.