The anti-globalization and anti-trade rhetoric of the U.S. presidential election has become a primary economic threat to emerging countries, according to Bloomberg's Mohamed A. El-Erian .
United States GDP grew slightly more than initially expected in the first quarter of 2016, and durable goods orders ticked up in April, according to the most recent data from the Department of Commerce.
Meanwhile, the struggling South Korean ocean carrier said in a statement Sunday it expects to reach an agreement with ship owners regarding charter rate renegotiations “soon.”
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The Water Resources Development Act reauthorization includes provisions sought by the nation's port authorities related to how harbor deepening projects are funded, getting more money for maintenance dredging in the pipeline and authorizing new projects.
The locks are scheduled to undergo a technological upgrade this summer to replace a half-century-old master control system that opens and closes the waterway passage.
The Port of Houston authority announced its new policy on container weights, as well as container throughput for the the first quarter and developments with ongoing infrastructure improvement projects.