How low can it go?
Since 2015 the dry bulk market has been dancing the limbo, with each month a seemingly new, and lower, challenge to freight and charter rates. But in recent weeks the Baltic rates have inched upward, is the limbo dance over?
Dangerous Ground – The Lawless Sea
It was announced last week the Permanent Court of Arbitration (PCA) in The Hague ruled in favor of the Philippines in their dispute with the People’s Republic of China over territorial claims in the South China Sea. Shortly after the announcement, Beijing rejected the ruling as illegal while Washington immediately chimed in with a statement that The Hague ruling was both legal and binding.
Early fallout from Brexit
While it is too early to know the extent of the economic fallout of the Brexit, the first returns are coming in and show some unexpected consequences.
EU at the crossroads
Now that “The Exit” is done and a new relationship between the United Kingdom and Europe is being mapped: What of the EU itself? The much-ballyhooed concept of a closer EU played poorly in the UK referendum. Nonetheless, this concept of “more” integration of the EU is creating a schism within the union. Which road to choose is a debate that could have global consequences.
From Across the Pond: The Exit - Brexit Over and Exit Strategy begins
Early Friday morning (24-June) the U.S. awoke to the results of Britain’s historic vote to leave the European Union. On the western shores of “The Pond” the controversial referendum was often buried in the electric ether of the U.S. Presidential campaign or more exciting issues like keeping up with another generation of Kardashians. However, with the “shocking decision” (an expression used by at least a dozen U.S. news reporters) “The Exit” is today’s news.
Ro-Ro your boat
There is little doubt the auto business drives the economics of the roll on-roll off business. But shifts in auto manufacturing to new regions, and an uneven demand for vehicles, has impacted trade routes and industry investment.
FMC needs proper funding to fulfill maritime mandate
The Federal Maritime Commission (FMC) has the mission to administer the nation’s ocean borne commerce. Last year, 31.5 million TEUs passed through the nation’s ports and that number is certain to double within 14 years.
NVOs – In the middle of the supply chain
Stuck in the middle – between the ocean carriers and the forwarders and their client shippers - is the NVO (Non-Vessel Owning Common Carrier).
Top 50 Containership Carriers
A snippet from AJOT's Ocean Carrier Review 2016 coming in this weeks edition!
A memorable WCA Conference week
The WCA’s conference week March 10-16 in Abu Dhabi in the UAE was a most memorable event, beginning with an unexpected turn in the weather. Over 2,500 members representing nearly 1,400 companies from over 100 countries attended this key industry event.
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