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Empty Containers Pose Growing Challenge to Global Trade Growth

Empty Containers Pose Growing Challenge to Global Trade Growth

Empty Containers Pose Growing Challenge to Global Trade Growth
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Eastern Shipbuilding Group Delivers New Vehicle-Passenger Ferry 'Falcon' to Fisher Island Community

Eastern Shipbuilding Group Delivers New Vehicle-Passenger Ferry 'Falcon' to Fisher Island Community

Eastern Shipbuilding Group, Inc. (ESG) has successfully delivered the vehicle-passenger ferry 'Falcon' to the Fisher Island Community Association (FICA). The 'Falcon' has completed its trials and is now in service, providing daily transportation between Fisher Island and Miami. This vessel was constructed at ESG’s Allanton facility and is designed to meet the specific operational needs of the Fisher Island community, featuring modern systems, enhanced passenger accommodations, and efficient vehicle transportation capabilities. The delivery of the 'Falcon' marks a significant event in ESG's 50th year of shipbuilding, reinforcing its commitment to delivering high-quality, purpose-built vessels for communities across the United States. Robert Sosa, FICA President and C.E.O., expressed appreciation for the partnership with ESG throughout the design and construction process, highlighting the vessel's role in providing safe, reliable, and comfortable transportation for residents and guests.
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DHL Expands Asia-Europe Cargo Route with New Shanghai-Bangkok Freighter Service

DHL Expands Asia-Europe Cargo Route with New Shanghai-Bangkok Freighter Service

DHL Expands Asia-Europe Cargo Route with New Shanghai-Bangkok Freighter Service
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Mexico Proposes 'Dry Canal' Land Corridor as Alternative to Troubled Global Waterways

Mexico Proposes 'Dry Canal' Land Corridor as Alternative to Troubled Global Waterways

Mexico Proposes 'Dry Canal' Land Corridor as Alternative to Troubled Global Waterways
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Hanwha, Fincantieri shares rise after Trump opens Navy shipbuilding to foreign yards

Hanwha, Fincantieri shares rise after Trump opens Navy shipbuilding to foreign yards

By Mike Stone WASHINGTON, Aug 14 (Reuters) - Shares of South Korea's Hanwha Group and Italy's Fincantieri rose on Friday after President Donald Trump's directive opening U.S. Navy shipbuilding to overseas yards. The companies have the largest U.S. shipyard footprints.
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China's Economy Shows Extended Slowdown in July, Prompting Calls for Intervention

China's Economy Shows Extended Slowdown in July, Prompting Calls for Intervention

China's Economy Shows Extended Slowdown in July, Prompting Calls for Intervention
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Port of Los Angeles posts high July volume, helped by retail goods, AI project parts

Port of Los Angeles posts high July volume, helped by retail goods, AI project parts

By Lisa Baertlein LOS ANGELES, Aug 18 (Reuters) - The Port of Los Angeles, the nation's busiest seaport, notched its second-highest volume for July, boosted by resilient demand for consumer goods and equipment for manufacturing and data center construction, its executive director said on Tuesday. 
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Canada's 'Plan C' Trade Strategy Boosts Non-U.S. Exports by $33 Billion, Diversifying Economic Ties

Canada's 'Plan C' Trade Strategy Boosts Non-U.S. Exports by $33 Billion, Diversifying Economic Ties

Canada's 'Plan C' Trade Strategy Boosts Non-U.S. Exports by $33 Billion, Diversifying Economic Ties
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India Plans First Cargo Ship Voyage Along Northern Sea Route in 2027 to Enhance Connectivity with Russia

India Plans First Cargo Ship Voyage Along Northern Sea Route in 2027 to Enhance Connectivity with Russia

India is preparing to send its inaugural cargo ship along the Northern Sea Route (NSR) in 2027. This initiative aims to bolster connectivity with Russia and develop new economic nodes. Discussions are underway between Russia's Arkhangelsk region and New Delhi to explore economic potential and collaboration opportunities. These opportunities include shipbuilding and leveraging port facilities for cargo movement. The Northern Sea Route is recognized for its potential to significantly reduce travel distances and transit times for trade with Europe, offering an alternative to traditional maritime routes. This move is part of a broader strategy to diversify global supply chains and strengthen trade relations between India and Russia.
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White House Report Alleges 'Great Transshipment Scam' Involving China and 40 Economies, Including Myanmar

White House Report Alleges 'Great Transshipment Scam' Involving China and 40 Economies, Including Myanmar

White House Report Alleges 'Great Transshipment Scam' Involving China and 40 Economies, Including Myanmar
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Shipping slows through Strait of Hormuz after tanker attacks, data shows

Shipping slows through Strait of Hormuz after tanker attacks, data shows

By Florence Tan SINGAPORE, Aug 17 (Reuters) - Shipping through the Strait of Hormuz slowed over the weekend, data showed on Monday, following attacks on tankers, while U.S.-Iran talks to resolve the Middle East conflict stalled.
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Oil hangs onto gains as US-Iran peace talks stall, Hormuz shipping slows

Oil hangs onto gains as US-Iran peace talks stall, Hormuz shipping slows

By Sethuraman N R and Florence Tan NEW DELHI/SINGAPORE, Aug 17 (Reuters) - Oil prices were mostly steady on Monday, maintaining gains made last week, as prospects for a lasting U.S.-Iran peace deal appear increasingly remote and fears of supply disruptions in the Strait of Hormuz are ever present.