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Ubm Global Trade News

28 Aug 2012

Potential U.S. East Coast Port Strike on Agenda

Possible ports shutdown at the end of September to be addressed at upcoming Inland Port Logistics Conference informs UBM Global Trade. Current longshore labor negotiations are a hot issue being closely followed by the shipping industry in the U.S. and globally. The Journal of Commerce announce that it will add a session to the agenda of its Inland Port Logistics Conference, Sept 5-6, in Oak Brook, IL, covering this volatile and unpredictable negotiation that impacts everyone from railroads to third-party logistics providers to beneficial cargo owners. Responding to the recent breakdown in talks between the International Longshoremen's Association and United States Maritime Alliance…

06 Jun 2012

Breakbulk Africa Congress – Transnet CEO to Speak

Brian Molefe: Photo credit UBM Global Trade

Transnet SOC is South Africa's national transport arm and the governing body for the country's rail, pipelines, ports and terminals. During his keynote address, Molefe will discuss Transnet's recently announced, four-point growth strategy, which includes plans to invest R110.6 billion (US$12.9 billion) in new rail equipment, the widening and deepening of ports and building a new pipeline to solve South Africa's infrastructure challenges. Molefe is a South African businessman who has also worked in the office of the premier in the Limpopo, where he was responsible for strategic planning.

30 Apr 2012

Container Shipping Conference – Shanghai Agenda Promulgated

Drewry Shipping Consultants estimate that container shipping lines collectively lost $5.2 billion in 2011. To thrive in 2012, the industry will have to tackle declining rates and a potentially chaotic round of mergers and acquisitions. Business leaders will discuss the potential scenarios and predictions for the upcoming year at UBM Global Trade's JOC Container Shipping Conference ShanghaiJune 4-5 at the Sheraton Shanghai Hongkou Hotel. Some analysts, including SeaIntel's Lars Jensen,  believe that container shipping rates have bottomed out and the worst of the declines may have come and gone. Others in the industry anticipate that the largest carriers will continue to build market share and use their financial muscle to drive smaller carriers out of key markets like Asia-Europe…

17 Apr 2009

Journal of Commerce Poll on Economic Recovery

A majority of the attendees at the ninth annual Journal of Commerce Trans-Pacific Maritime conference do not expect a recovery from the global economic downturn and a return in growth of trans-Pacific trade before 2011, according to live poll questions asked during the conference. The response to audience questions at the recent conference in Los Angeles highlighted strong pessimism about prospects for recovery in coming months. Moreover, attendees said that because of tighter credit and the long-term impact on consumer spending they do not expect trans-Pacific containerized trade to return to growth rates between 2002 and 2006, when retail sales led to enormous growth in U.S. imports. Only 4 percent of attendees expect the U.S.