For the second year in a row, the Port of Stockton set a record for ship arrivals in 2015. Overall, [...]
From the Los Angeles Times:
Representatives of the United States and 11 other Pacific Rim nations on Thursday formally signed a sweeping free-trade agreement reached last fall, setting in motion what is expected to be a hard battle for approval in national legislatures, none more contentious than in the U.S.
Michael Froman, President Obama’s chief [...]
Commenting on today’s TPPA trade agreement signing in New Zealand, ITF (International Transport Workers’ Federation) president Paddy Crumlin said: “We, like our fellow global unions and everyone who protested in Auckland today, are clear about one thing: the TPPA – Trans-Pacific Partnership Agreement – offers nothing to workers in the Asia-Pacific region except job insecurity [...]
From The Huffington Post:
Leading presidential candidates’ opposition to President Barack Obama’s signature trade agreement is jeopardizing the landmark deal, according to a senior White House official.
The official, who requested anonymity, indicated that they’re paying special attention to Republican front-runner Donald Trump — who called the TPP a “terrible deal” and has expressed his [...]
From the Press-Telegram:
Cargo volumes recorded at the Port of Long Beach in 2015 exceeded 7 million container units for the first time since the start of the Great Recession, statistics released Thursday show.
The Long Beach port’s cargo volumes last topped the 7 million level in 2007. In 2015, the Port of Long Beach [...]
From the Journal of Commerce:
There will be no sustained recovery in the dry bulk or container shipping sectors this year amid overcapacity in the industry and slowing demand for raw materials from China, said “K” Line President and CEO Eizo Murakami.
In his New Year’s address, Murakami said that while falling bunker prices and [...]
Maersk has joined the Global Alliance for Trade Facilitation, which was launched by the World Trade Organisation earlier this year as a public-private partnership to support the implementation of the Trade Facilitation Agreement.
The alliance also includes the International Chamber of Commerce, the World Economic Forum as well as companies such as DHL and Wal-Mart.
Excerpts from Logistics Management:
Strong November volumes were apparent at both the Port of Los Angeles (POLA) and the Port of Long Beach (POLB).
“We’ve seen container volumes at and above 700,000 TEUs for the past six months, which demonstrates consistency and the strength of our supply chain partners,” said Port of Los Angeles Executive [...]
Excerpts from the Washington Post:
Congress’ two-year postponement in what has been dubbed the “Cadillac tax,” because it applies to high-priced insurance, is the most significant of three changes to ACA taxes that are woven into a sprawling budget package on which the House and Senate are preparing to vote within the next few days.
Excerpts from In These Times:
Like the WTO agreements or NAFTA, the TPP is an attempt to set the rules of the global economy to favor multinational corporations over everything else, trampling on democracy, national sovereignty and the public good. The more than 600 corporate lobbyists who had access to the draft texts used their [...]
Drewry Maritime Research asks: will carriers repeat the same tactics that saved them in 2009, or will they wait until things reach boiling point, as the risk of a double dip recession rears its head?
Today’s market does share some similarities to the 2009 crisis: carrier staff redundancies, ultra-low freight rates and the rapid increase [...]
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