On 22nd of December, 2016, Maersk, arguably the world’s largest ocean containership carrier (the argument coming from similar-sized 2M alliance partner MSC [Mediterranean Shipping Company]), began offering Chinese shippers the option of using Alibaba’s (arguably the world’s largest retail commerce company in gross revenue terms) OneTouch system. This move could well be as revolutionary as Malcom McLean’s launch of the containership industry just over sixty years ago.
With 2016 properly packed away with the ribbons and glitter of the holidays, it’s time to face 2017, where new world leaders, political volatility and Mother Nature’s influence all promise to play influential roles. While the outlook for Emerging Market Economies (EME) going into 2017 is stable, uncertainty is on the increase with challenges stemming from the strong U.S. dollar and prospects for higher interest rates in advanced markets.
Steve Vickers, the CEO of the Hong Kong-based consultancy company, has a hard-earned reputation for being one of the keenest observers of political and economic developments in the region.
The Port of Montreal has continued its upward momentum, setting a new record for total cargo in 2016 and coming within 1% of matching its container record of nearly 1.5 million TEU in 2015.
Until his death in 1972 Walter Winchell entertained America with his views on everything from crime to maritime. His comments on the U.S. Merchant Marines even landed him in court.
In 2012 with all good intentions, Chinese billionaire Wang Jing formed the Hong Kong Nicaragua Development Group (HKND). His vision: to create a new route to the Caribbean.
Having Donald Trump in the White House is apt to help advance infrastructure improvements at ports and throughout the U.S. supply chain, the head of the AAPA (American Association of Port Authorities) said today.
In September of 2012 the Department of Justice found evidence among eleven Roll-On/Roll-Off carriers of misconduct under maritime regulations. The FMC (Federal Maritime Commission) allows carriers to jointly set pricing and make adjustments to combined capacity, if these events are filed in advance. Un-documented action is subject to fines and compensation to injured parties up to twice the value of assessable damage.
Canada’s second largest pension fund and DP World have announced a C$5 billion (US$3.8 billion) joint venture that will invest in ports and terminals around the world, including Asia and Latin America.