Edda Wind orders two additional vessels and prepares for IPO
Wilhelmsen and Østensjø each own 50% of Edda Wind. Anticipating long-term growth for the renewable energy sector, the company has placed an order for two…
Port of Vancouver USA sees record year in 2020
The Port of Vancouver USA is reporting a record-breaking year in 2020, with the highest returns in its 108-year history: revenues totaling $50 million --…
[FBX Weekly] As shippers avoid congestion, Asia-US West Coast rates fall, East Coast prices rise
Key insights: 1 A shift from the congested West Coast to the East Coast may be impacting freight rates: Asia-US West Coast ocean rates have…
US manufacturers urge Biden to deploy tougher China strategy
The leading U.S. manufacturers group urged President Joe Biden to “rapidly develop and publicly release” a new strategy that strengthens the American economy’s ability to…
Mexico and Canada top Biden’s list for eventual vaccine exports
Mexico and Canada are at the top of President Joe Biden’s list of countries to eventually receive exports of U.S.-made coronavirus vaccines, according to a…
EU revives vaccine export fight with U.K. over missing supplies
European Commission President Ursula von der Leyen threatened to withhold vaccine exports from the U.K., reopening a dispute with the British government that has raised…
Malaysian court grants AirAsia X restraining order on creditors
Malaysia’s high court on Wednesday granted a restraining order for three months on 15 of AirAsia X Bhd.’s creditors over the debt recast talks for…
Oakland’s Proposed New Ballpark and Condo complex “Long-Term Threat” to Port
PMSA’s Jacob Warns Oakland A’s Howard Terminal Ballpark and Condos Pose “Long-Term Threat” to Port of Oakland Maritime Operations
Shortage of new shipping containers adds to global trade turmoil
The world’s biggest makers of shipping containers are scrambling to meet a surge in demand for the metal boxes that shuttle some 90% of the…
Airlines face new challenge with fuel prices on upswing
Just as airlines start to emerge from their biggest slump on record, the industry is facing a new headache: a rapid rise in fuel prices.
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