Multi-purpose carrier has diversified its vessels, cargoes, and services over 100 years
After facing unforeseen events like the Ever Given and COVID-19, the bigger issue is what supply chains will do to decrease risk and increase resiliency.
It’s a story that’s being replayed in supply chains and at ports across the globe, including the port of New York and New Jersey. After a few months of dramatic declines in cargo, during the early months of the COVID-19 pandemic, a resurgence beyond all expectations took place.
The industry touts its environmental benefits, but it’s still reliant on diminishing coal revenues.
The COVID comeback is supporting volumes for now, but service competitiveness will tell the story longer term.
Technology makes clean production processes available and steelmakers are deploying them.
With container vessels stuffed to capacity, breakbulk cargoes are returning to breakbulk carriers.
In April 2018, 15 months after he pulled the United States out of the Trans-Pacific Partnership, former President Donald Trump reportedly ordered the U.S. Trade Representative to look into the possibility of rejoining the accord.
Interruptions in international trade thanks to Trump administration policies and the ravages of the COVID-19 pandemic took their toll on the volumes of some commodities handled at the facilities of South Jersey Port Corporation in 2020.
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