Dry-bulk Transporters Optimistic
Hope springs eternal in dry bulk shipping — the largest shipping market in the world by volume. Over the past decade, each year has started out with bullish proclamations on why the market would finally…
Tagged: InternationalTrade
Border Bridge Will See Major Expansion
Speeding up commercial truck traffic will be a priority when the Pharr-Reynosa International Bridge’s largest expansion project in history is completed in 2023, said Luis Bazán, general director of the South Texas bridge. The expansion…
Cold Snap Roiled Gas Market
The February cold snap that pushed liquefied natural gas (LNG) prices to record highs is also roiling liquid petroleum gas (LPG), leading to shortages of the gas that’s used for heating and cooking as well…
U.S. Keeps China’s Factories Booming
Remember all the media coverage just a few months ago about Chinese manufacturers poised to collapse due to lack of overseas buyers? It didn’t happen. Chinese factories are booming. Chinese goods are flooding into U.S…
Brightoil Petroleum ‘Back in Business’
Brightoil Petroleum (Holdings) Limited said last month it is now “back in business,’’ having reached a settlement with the Vietnam-based trader Petrolimex which initiated a bankruptcy order against Brightoil over a $30 million debt. In…
Global Slowdown Pinching FedEx
FedEx Corp. tumbled in April as a new cut to its earnings outlook stoked Wall Street concerns over the courier’s ability to navigate a global slowdown and cash in on surging e-commerce. Overseas demand is…
Backlog May Depress Imports, Economist Says
The surge of cargo that moved through U.S. ports in December increased both wholesale and retail inventories and “until that backlog is taken care of, it will likely depress container imports for the next couple…
Business Booming at Port of Long Beach
Mario Cordero, executive director of the Port of Long Beach, Calif., said the port’s business prospects for this year are bright, even as the port reported that in 2018 it handled nearly 8.1 million twenty-foot…
Shippers Remain Optimistic, Analysts Say
Shippers and carriers of international freight remain optimistic about 2019 as the spot market starts to level off and a rate recession becomes a possibility for the trucking industry.
In a recent report on a…
World Markets Racing For LNG
Liquefied natural gas (LNG) is playing an increasingly important role in the global energy mix, driven by its environmentally friendly characteristics, versatility and relatively cheap price. LNG is perceived as a transition fuel that can…
