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The five Market Development Cooperator Program-backed projects are expected to generate more than $653 million in U.S. exports over the next three years in return for the one-time $1.4 million federal investment.
According to BlueWater Reporting's Port Dashboard Tool two services currently connect Laem Chabang and Africa, meaning CMA CGM's ASEA loop will become the third once it adds a call there in October.
PortMiami and Port Everglades will work together, rather than compete, to market South Florida as a gateway for Asian goods at the upcoming TPM Asia Conference in Shenzhen, China.
TOTE says "While this reflects that the ship was caught in rough seas and extreme weather, it is in no way indicative of the ship’s fate."
Rep. Stephen Fincher, R-Tenn., introduced a bill that would restore Ex-Im Bank’s operations and include various reforms, but will require a "discharge process" to reach the House floor for a vote.
The company’s minority investment in e-commerce specialist Ally Commerce Inc. is more about research than revenues, according to Rimas Kapeskas, head of UPS’s strategic enterprise fund.