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 (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…
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…
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…
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 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…
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…
Direct ChassisLink Inc. (DCLI) and is subsidiary Blume Global will be acquired by Apollo Global Management, a private equity fund, officials at the two companies said recently. Reuters reported the deal was for about $2.5B…
Surging production of U.S. liquefied natural gas (LNG) and slower growth of demand in Asia this year could leave companies that have committed to long-term purchase contracts struggling to find markets, analysts say. Over the…
The recent geographical developments in the liquified natural gas (LNG) industry are occurring at a time of consolidation. The $53 billion combination of Royal Dutch Shell and BG Group has created the world’s largest LNG…
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