The United States is providing funds to help Honduras digitalize its two largest ports, Puerto Cortés and Puerto San Lorenzo.The U.S. Trade and Development Agency (USTDA) said it has awarded a technical assistance grant to the Honduran Maritime Chamber of Commerce for the project, which aims to optimize traffic flow and improve the efficiency of the ports. The Honduran Maritime Chamber of Commerce selected New Jersey-based HudsonAnalytix to perform the technical assistance…
AD Ports Group announced the signing of strategic Memoranda of Understandings (MoUs) with Gujarat Maritime Board, and RITES Limited, a certified multi-disciplinary transport and infrastructure company. These MoUs cover a broad spectrum of collaborative ventures…
Thailand's exports contracted more than expected in December and only modest growth was expected for 2023 as the global economy slowed and a strong baht currency hurt trade competitiveness, the commerce ministry said on Tuesday.Exports, a key driver of growth…
The Port of London Authority (PLA) has acquired Masthouse Terrace Pier on the Isle of Dogs in East London in an effort to increase light freight on the river.Port of London officials view the project as a step up for London's working river and maritime commerce industry…
The Port of South Louisiana officially dedicated and named its two Konecranes Gottwald Model 6 Portal Harbor Cranes for its public facility, the Globalplex Intermodal Terminal Dock along the Mississippi River. These cranes have increased the…
America’s marine economy contributed about $361 billion of the nation’s gross domestic product in 2020. That is according to the most current results of the annual Marine Economy Satellite Account released today by two Department of Commerce agencies…
U.S. Commerce Secretary Gina Raimondo said on Tuesday the Biden administration is actively considering adding new Chinese companies to the government's economic blacklist as it investigates what it calls efforts by China to evade U.S. sanctions…
France's CMA CGM said it had agreed to buy most of Ingram Micro's Commerce & Lifecycle Services (CLS) activities in a deal valued at $3 billion, adding this was aimed at accelerating the shipping group's push into end-to-end logistics.CMA CGM…
The Port of Corpus Christi Authority officially dedicated the opening of its new Port Executive Administration Building on Wednesday, November 10, 2021. The new 75,525-square-foot building sits at the entrance to the Inner Harbor and adjacent to the Congressman Solomon P…
COSCO SHIPPING has signed a cooperation agreement with e-commerce company Alibaba and its FinTech affiliate Ant Financial to digitalize the shipping supply chain.The Chinese firms will research and promote the deployment of shipping blockchain in China…
The United States should work to achieve a single, comprehensive agreement with Kenya that removes barriers to trade and investment, instead of pursuing a phased approach, the U.S. Chamber of Commerce said in a document viewed by Reuters.In comments submitted to the U…
Tulsa Winch Group, a Dover company, appointed Arjun Mirdha as President, effective January 6, 2020. He will report to Dover's President and Chief Executive Officer, Richard J. Tobin. Arjun will focus on expanding TWG's broad portfolio of market-leading products globally…
China and the United States are in touch over the signing of their Phase 1 trade deal, China's commerce ministry said, which will see lower U.S. tariffs on Chinese goods and higher Chinese purchases of U.S. farm, energy and manufactured goods…
The U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) has given the Port of Long Beach $4.8 million to improve cyber-security.According to a press release from the second-busiest container port in the United States…
Senior Chinese and U.S. trade officials spoke by telephone on Tuesday as the Chinese side lodged solemn representation on additional tariffs on Chinese goods scheduled to start next month, China's Ministry of Commerce said in a statement.The statement was issued at around the same time that U…