March 25, 2019 - Global trade has taken a sharp turn down, reinforcing the view that the world economy is in its worst state since the financial crisis a decade ago. Figures published Monday show trade fell 1.8 percent in the three months through January compared with the previous period. That’s the biggest drop since May 2009. On an annual basis, trade posted its first decline in nine years.
Source: Bloomberg
March 23, 2019 - Confidence in the shipping industry has risen in the last three months despite ongoing geopolitical uncertainty, according to the latest Shipping Confidence Survey from leading shipping adviser and accountant BDO. The average confidence level rose to 6.2 out of maximum score of 10.0 this quarter compared to 6.0 in Q4 2018.
Source: The Maritime Executive
March 23, 2019 - Shippers have called on carriers, infrastructure operators and freight service providers to improve visibility in the ocean freight supply chain. Speaking at the European Shippers’ Council’s Maritime Day in Rotterdam last week, Bart Kuipers of the city’s Erasmus University said ports had a particularly bad reputation.
Source: The Loadstar
March 26, 2019 - New York City Economic Development Corporation (NYCEDC) released a request for proposals (RFP) Monday seeking operators for the new marine terminal on the Hunts Point Peninsula in the South Bronx, according to a press release.
Source: Supply Chain Dive
March 26, 2019 - The U.S.'s burgeoning offshore wind industry, projected to generate nearly 20GW of power in seven East Coast states by 2030, presents a nearly $70 billion CAPEX revenue opportunity to businesses in the U.S. offshore wind supply chain. That's according to a new white paper by the Special Initiative on Offshore Wind (SIOW) with analysis by the Renewables Consulting Group.
Source: American Journal of Transportation
