Public holidays around the world in the coming two weeks include the following:Mon 1 Jul – Caricom Day (Guyana)Thu 4 July – Independence Day (USA)Thu 4 Jul – Day off…
USA
Mexico’s new president: IMF dilemma and risk for Latin America By Hector Torres Mexico’s new president, Claudia Sheinbaum, is inheriting a fiscal imbalance equivalent to 5.9% of the country’s gross domestic…
Port of Seattle becomes first U.S. port to require 100% of cruise vessels to use shore power
SEATTLE, Wash. (June 12, 2024) —The Port of Seattle became the first port in the nation to independently require that 100% of all cruise vessels homeported in Seattle be shore…
Professor ManMohan Sodhi (pictured above), Professor of Operations and Supply Chain Management at Bayes Business School (formerly Cass), said: “Many shippers are willing to take the longer route to avoid…
US importers caught in a vicious circle as labor union strike threat raises fears of soaring freight rates and massive disruption at US East and Gulf Coast ports.
Oslo, Norway – 12 June 2024 – Threat of strike action at US East and Gulf Coast ports may see importers accelerate efforts to protect ocean supply chains in a…
Market Report – FTSE recoups some losses after a tough week, JD Sports reports full year results
Sophie Lund-Yates, lead equity analyst, Hargreaves Lansdown: “The FTSE 100 has had a tough week, but it has continued to recoup some of its losses in the final trading day…
Susannah Streeter, head of money and markets, Hargreaves Lansdown: ‘’The Labour party says it wants to make it as easy as possible for people to feel the benefits of saving…
Market Report – Retail sales disappoint in a big way, US business activity muddies interest rate outlook
Sophie Lund-Yates, lead equity analyst, Hargreaves Lansdown: “Retail sales have sunk by far more than expected in the UK. There was a highly disappointing 2.3% decline in April, from a…
Will new US tariffs on China imports be a case of history repeating? Businesses brace for increased supply chain costs.
Oslo, Norway – 14 May 2024 – Global supply chains are braced for further disruption and increasing costs after US President Joe Biden announced new tariffs on Chinese imports today,…
Port Houston to Host 3rd Annual Houston International Maritime Conference on November 6 – 8, 2024
Three-Day Event to Focus on Navigating the Supply Chain Evolution May 13, 2024, Houston–Port Houston, a top five container port in the U.S., will host its 3rd annual Houston International Maritime…
Shipping company ACL’s new transatlantic service in partnership with BG Freight Line and Peel Ports Group will have transit times up to two weeks faster than any similar service travelling…
Steve Clayton, head of equity funds at Hargreaves Lansdown: “Wall Street enjoyed a strong session last night with all the major indices rising, with NASDAQ setting the pace, up 1.5%.…
Guidance on devices that alter ships’ maneuvering characteristics25 Apr 2024, United StatesThe U.S. Coast Guard issued a Policy Letter providing guidance regarding devices that alter maneuvering characteristics of ships to…
Market report: FTSE 100 continues its record run, Tesla vehicle launch plan pleases investors
Sophie Lund-Yates, lead equity analyst, Hargreaves Lansdown: “The UK market has demonstrated yet more stamina, with further gains achieved on what has already been a record-breaking week. A slight cooling…
NAMEPA is gearing up for National Maritime Week and we are so pleased by having over 40 supporting organizations! This week we would like to feature The American Club, Blue…
Engaging consumers in green investments finds ‘fast followers’ not ‘first movers’, and more
Engaging consumers in green investments finds ‘fast followers’ not ‘first movers’ By Emma McGarthy As financial markets and the wider economy take strides to transition, the development of objectives to…
Emma Wall, head of investment analysis and research, Hargreaves Lansdown “Confidence dropped slightly in the US stock market in our Investor Confidence survey in March, however, it remains a region…
Dockers issue strike notice03 Apr 2024, Montoir/Saint-Nazaire, FranceNotice of a new strike from 4 to 8 April has been lodged by dockers at the port of Montoir/Saint-Nazaire.READ MORE 2nd temporary…
Olympics-bound Daniela Moroz declared the conditions at the 53 Trofeo Princesa Sofia Mallorca by Iberostar to be “nuclear” as she claimed two Formula Kite bullets on the opening day of…
Bridge collapse status update (28 March)28 Mar 2024, Baltimore, United StatesFollowing the bridge collapse at Baltimore, the channel closure for the six vessels currently in the harbour and others waiting…
Baltimore bridge collapse container ship incident Baltimore’s Francis Scott Key Bridge collapsed into the Patapsco River in the early hours of March 26 after a container ship, the Dali hit…
Susannah Streeter head of money and markets, Hargreaves Lansdown: ‘’The wait and see mood on the markets is continuing with recent exuberance fading, as investors look ahead to key consumer…
The American P&I Club – Circular no. 09/24 on obligations of foreign based persons to comply with US sanctions and export control laws
MARCH 14, 2024CIRCULAR NO. 09/24TO MEMBERS OF THE ASSOCIATION Dear Member: OBLIGATIONS OF FOREIGN-BASED PERSONS TO COMPLY WITH US SANCTIONS AND EXPORT CONTROL LAWS On March 6, 2024, the US…
ZERO POINT FOUR Book Released with a Visionary 57-Point Action Plan Rarely is there a day without international shipping in the news. From Yemen’s Houthi militants attacking shipping in the Red…
WASHINGTON, DC- Rarely is there a day without international shipping in the news. From Yemen’s Houthi militants attacking shipping in the Red Sea, maritime food blockades around Ukraine, rising hostilities…