Pearl River Delta ports brace for Super Typhoon Saola
Ports in Hong Kong and China’s Guangdong province have halted operations since yesterday evening as super typhoon Saola expects to make landfall later today (1 September). Hongkong International Terminals, part of Hutchison Ports and COSCO Shipping Ports, said that gating of empty and laden containers had been suspended since 5pm local time on 31 August. […]
Industry leaders react to West Coast ports contract ratification
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. After more than a year of uncertainty for West Coast ports amid ongoing union contract negotiations, the International Longshore and Warehouse Union ratified a six-year contract agreement with the Pacific Maritime Association on Thursday. The union, which […]
Food insecurity warning as extreme summer makes landfall
South Africa faces food insecurity unless urgent steps are taken to mitigate the effects of extreme heat and low rainfall, President Cyril Ramaphosa has been warned in an open letter by the Climate Justice Charter Movement (CJCM), an NGO supported by 282 organisations locally and abroad. More importantly, government inaction over a looming agricultural crisis […]
STI handles one of the largest vessels calling Chilean ports
The Maersk Herrera on the AC3-Eastbound service linking Asia to the Pacific Coast set the second monthly record at San Antonio Terminal Internacional (STI). The container ship has a capacity of 15,226 TEUs, a length of 353 metres and a beam of 53.5 metres. Earlier this month, STI, Chile’s most major terminal, served the MSC Chiyo […]
Adore Me taps Ever Dye to source sustainable dyes
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Adore Me has partnered with French sustainability startup Ever Dye for a capsule collection set to be released next year, the company announced last week. DTC lingerie brand Adore Me, which is owned by Victoria’s Secret & […]
New Development Bank pumps R3.2bn into dam project
The New Development Bank (NDB) and Trans-Caledon Tunnel Authority (TCTA) have signed a R3.2-billion loan agreement for the implementation of Phase II of the Lesotho Highlands Water Project (LHWP). The NDB will provide a project loan of R3.2bn to TCTA under the sovereign guarantee of South Africa. NDB vice president and chief operating officer Vladimir […]
Mexico overtakes China as biggest US trading partner
US Census data shows that Mexico has surpassed China as the US’ major trading partner during the course of this year. Consultant Jon Monroe attributes this shift in trade patterns to a contraction in orders for Chinese goods and the effects of reshoring and nearshoring processes that are now having a direct effect on supply […]
Best Buy suppliers are picking up the tab on promotions
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Best Buy’s suppliers have been financing more product price discounts themselves, a trend that has benefited the electronics retailer’s product margins YoY, executives said Tuesday on the company’s Q2 call. Vendors want “to engage in […]
More evidence of liner losses on the back of tepid trade
Global trade and the industries that underpin it have been slumping all year, and an early reading of South Korea’s monthly exports has served as a barometer of the slowdown. Data released on the last day of August showed Korean factory output fell in July, reaching its longest stretch of decline in decades. The container shipping […]
CMA CGM boost its AZTECA services by adding a direct call in Oakland
CMA CGM announced that Oakland has been added to AZTECA Loop 1 with direct calls from the West Coast of the United States to Central America. The following is the new AZTECA 1 rotation: Los Angeles (USA) – Oakland (USA) – Manzanillo (Mexico) – Lazaro Cardenas (Mexico) – Puerto Quetzal (Guatemala)– Corinto (Nicaragua) – Balboa […]
