February 22, 2017/
Commercial container ports expect to see a 4.6 percent rise in imports for the first half of 2017, over the same time period in 2016. As the nation’s economy continues to grow, retail sales are expected to carry over...
Commercial container ports expect to see a 4.6 percent rise in imports for the first half of 2017, over the same time period in 2016. As the nation’s economy continues to grow, retail sales are expected to carry over...
Welcome friends and colleagues to the Year of the Rooster! The Rooster is the tenth sign of the Chinese zodiac, falling in 1933, 1945, 1957, 1969, 1981, 1993, and 2005. As 2017 is the year of the Fire Rooster,...
As four of the largest vessel sharing alliances consolidate to become three even more powerful alliances to cut costs and increase leverage, the impact on ports and marine terminals could be enormous. The three major players in these alliances...
With the election of Donald J. Trump, the trade industry experienced a bit of a shake up, considering the heated rhetoric of the campaign trail. Though we are still in the very early days of preparation, the map of...
Despite Hurricane Matthew at the beginning of the month, the Port of Virginia moved 238,567 TEUs, an increase of 2.2% from October 2015, in the single busiest month of the port’s history. The ability to handle post Panamax vessels...
With the shipping market in unfamiliar and difficult territory, Drewry looks to make sense out of what happened in 2016 and what is coming in 2017. Everywhere we look for guidance into the 2017 fiscal projections, ideas are positive,...
In an eventful week, the Port of Norfolk has seized $85,000 in stolen auto parts bound for Jordan and $150,000 in counterfeit Disney and Nickelodeon Apparel headed to California from Egypt. Because of a random export check, CBP officers...
Hurricane Matthew caused the southeastern US ports more headaches than dollars. Reopening on Monday after closing early in preparation for the weather system, few damages were reported from Hampton Roads to Port Everglades. Though the storm caused more than...
Hanjin has filed for Chapter 15 bankruptcy protection in US courts this week after creditors pulled back any funding at the beginning of the month. Chapter 15 gives a foreign company the benefits of U.S. bankruptcy law, including protections...
Cosco Shipping became the first neo-panamax vessel to traverse the newly expanded Panama Canal when Cosco Shipping Panama was pulled by tugboats through the new locks at Agua Clara. They’ve also received the dubious honor of having the first...
