$40 Million for Portland’s Terminal 6, NYC and PANYNJ Trade Terminals, and More
This week: Oregon governor announces proposal for a $40 million state grant to prevent Portland’s Terminal 6 from closing in October US Senate retroactively confirms the terms of two of the FMC’s longest-serving members New York City trades its Staten Island...
New China Tariffs, E-Commerce and Air Freight Demand, and Bright Import Forecasts
Biden Announces New China Tariffs Targeting EVs, Solar, and Medical Supplies President Joe Biden has announced the new tariffs on Chinese imports this week, targeting key strategic sectors that include electric vehicles (EVs), solar panels, semiconductors, and medical...
Plummeting India-US Spot Rates, Spikes on the Trans-Pacific, and Baltimore’s Reopening
New Capacity Pushes India-US Ocean Spot Rates Down for May ONE’s (Ocean Network Express) new West India-North America Express service, also referred to as WIN, has its debut call to port at Nhava Sheva on May 12. The weekly nine-vessel loop includes three Indian ports...
Asia Port Delays, the Net-Zero Industry Act, and ILA Labor Negotiations
This week: Torrential rain and thick cloud cause vessel delays of up to a week in major ports throughout Asia EU passes a new bill that could speed up green fuel production in Europe Experts uncertain about how East and Gulf Coast port labor negotiations will end ...