A new U.S. report, using advanced analytic software, says waves and storm surges are gaining momentum from sea level rise and collectively pose a more immediate threat than was previously believed. The result could be serious damage to California coastal cities and ports by 2040.
As offshore operators continue to work as part of an industry in transition, it is worth taking a moment and stepping back to ascertain the true scope of change that the sector has, and is still continuing to face.
A retail supply chain shift following Panama Canal expansion and the emergence of production of petrochemical resins for export are among factors presenting challenges for the container drayage business in the Gulf region, according to the head of a major Houston-based drayage provider.
A noted container industry analyst says ocean carriers may pay $200 per ton more to meet new low sulphur fuel standards than they pay in 2019, but the increase will only be slightly higher than the bunker heavy fuel price paid in 2014.