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Monday, January 22, 2018

World Trade News

New Mississippi River Promotion Alliance Formed

Officials with the World Trade Center Mississippi River Alliance (WTC MSRA) and the Big River Coalition (BRC) have signed a Memorandum of Understanding outlining a cooperative effort to preserve and promote economic growth on the Mississippi River and Tributaries (MRT). The organizations will work together in support of increasing the draft in the Lower Mississippi River deep-draft channel to 50 feet to equal the maximum draft to be available when the new Panama Canal locks open in 2015. Along with this agreement, both parties will be given access to broadcast their organizational information and updates to each other and its members. “The timing for such a partnership with the Big River Coalition is ideal.

Cosco Endorses Panama Canal Expansion

Captain Wei Jiafu, President and CEO of China Ocean Shipping Company (COSCO), recently endorsed the potential Panama Canal expansion, citing that a more modern, Canal will benefit the global economy and world trade. Nearly five percent of total world trade transits the Panama Canal. Of this trade, 88 percent flows between the United States and Asia. In a speech given in Panama last month, Captain Wei stated that with the rapid development of China’s economy, the Panama Canal becomes more important as a vital link for China to import and export goods to and from the East Coast of the United States, the Caribbean and the East Coast of South America. “I fully support this expansion plan. I believe that the expansion of the Canal will enable more ships to utilize the Panama Canal.

Eye on the Navy

On Nov. 2 The amphibious dock landing ship Pre-Commissioning Unit (PCU) New York (LPD 21) transits New York Harbor past the World Trade Center site. The ship has 7.5 tons of steel from the World Trade Center in her bow and will be commissioned Nov. 7 in New York City. (U.S. Navy photo by Chief Mass Communication Specialist Eric M. Durie/Released)  

WTC Assoc. Plans General Assembly in New Orleans

The World Trade Centers Association will hold its 38th General Assembly in New Orleans Oct. 21-24. The assembly will attract delegates from around the globe to the Crescent City. The event will include seminars, briefings, guest speakers, business networking and tours. It is hosted by the World Trade Center of New Orleans in cooperation with WTCA headquarters.

Port Launches World Trade Partnership on National Maritime Day

Trade partners in Ventura County joined forces at the Port of Hueneme to kick off a program celebrating World Trade Month. The Port timely hosted this event on National Maritime Day. Participating were representatives from the U.S. Department of Commerce, the U.S. Foreign Commercial Service, the District Export Council of Southern California, the Economic Development Collaborative of Ventura County and the Small Business Development Center the announce a robust partnership under the World Trade Center of Oxnard. The launch of this partnership promises to build strategic networks with the business community and economic development teams to create new avenues for businesses to tap international markets.

Awards for Best Supply Chain Performance – Entrants Invited

“The Alliance will profile shippers and their alliance partners who have successfully and dynamically collaborated to drive supply chain excellence,” said Sarah Harding, group publisher, World Trade 100. To evaluate the entries, a panel of judges will examine the role of each of the partners and the contributions their individual and collective efforts have made to solving a supply chain problem or driving change and continuous improvement in a supply chain. “Judges Perry A. Trunick, World Trade 100; John Rader, Red Rock Consulting; Mike Brown, Brainzooming; David Ross, Stifel Nicolaus; Michael Mikitka, Warehousing Education & Research Council; Kevin Huntsman, Mastio; and John Manners-Bell, Transport Intelligence will evaluate submissions in each category on metrics and results.

Britain To Push For WTO Shipping Agreement

The British government will press the U.S. to agree to a liberalization of shipping services at the next round of world trade negotiations, according to a government minister. "The Government will press the U.S. strongly to come on board with a meaningful liberalizing offer," junior trade and industry minister Patricia Hewitt said. However, she conceded that negotiations on maritime transport services could be difficult when the World Trade Organization meets in Seattle in December. "The powerful U.S. maritime lobby remains strongly opposed to the sector being negotiated at a multilateral level," Hewitt said. Maritime talks were among the outstanding issues when the WTO was set up in 1995, and were adjourned on the expiry of a June 1996 deadline.

Record-Breaking Year for Louisiana Exports

According to the World Trade Club of New Orleans, Louisiana realized more than $13.4 billion in exports during the first six months of 2007, a 20.7 percent increase compared to the same period one year ago - and 2006 set records with exports valued at $23.5 billion for the entire year. Louisiana’s exports rank 11th among all 50 states, but the state’s export growth registered nearly double the U.S. rate at 10.6 percent. The World Trade Center’s report, using data compiled by the World Institute of Strategic Economic Research, found agriculture products, chemicals, petroleum and coal, processed foods and machinery rank among the state’s top exports. Products were principally shipped to Japan, Mexico, Chine, Canada and the Netherlands. Officials contend the declining value of the U.S.

Danish Business Minister to Meet with Shipping Leaders

Troels Lund Poulsen (Photo: Jens Astrup)

With his participation in the Danish Maritime Forum on October 26 the Danish Minister for Business and Growth will highlight the need for greater global cooperation when meeting with maritime key leaders from around the world. Around 90 percent of world trade is transported by sea. Therefore, initiatives to increase global trade and new technological opportunities will be high on the agenda when global leaders from all parts of the maritime industry meet at the Danish Maritime Forum on October26-27.

Coast Guard Honors Service Performed After World Trade Center Attack

Vice Adm. James Hull, U.S. Coast Guard Atlantic Area Commander will present Mark Merchant the Meritorious Public Service Award on Monday, August 5, 2002. Merchant is recognized for his meritorious contributions to the Coast Guard following the attack on the World Trade Center and the Coast Guard Gulf Strike Team’s Anthrax response in Boca Raton, Fla. Merchant volunteered to assist the Coast Guard Information Office on-scene in New York when the Coast Guard’s port security response had piqued the media’s interest, making it the primary news story published and broadcast around the world. Merchant’s “real world” experience as a former…

NOAA Fisheries Special Agents Assist In Disaster Investigation

At the request of the U.S. Marshals Service and Federal Bureau of Investigation, special agents from the Office for Law Enforcement (OLE) are engaged in the investigation and emergency operations associated with the terrorist activities in Boston and New York, the Commerce Department's National Oceanic and Atmospheric Administration announced on Monday. Twenty-seven special agents from NOAA's National Marine Fisheries Service (NOAA fisheries) OLE have been assigned to various tasks associated with the investigation, emergency operations and security details in various northeast locations. "Our agents responded to a support request shortly after the planes crashed into the World Trade Center and Pentagon," said OLE Chief Dale J. Jones. The OLE has four "teams" assisting the U.S.

USS New York Passes Trials

The future USS New York (LPD 21) was put to sea for the first time June 27, transiting down the Mississippi River to conduct Builder's Trials. The ship’s name and motto, "Never Forget," honor the victims and first responders of the Sept. 11, 2001 World Trade Center attacks. Constructed in Avondale, La., the ship contains 24 tons of steel salvaged from the World Trade Center within the 311-ton bow unit. During the four-day trial, Northrop Grumman Shipbuilding conducted comprehensive tests intended to demonstrate the performance of the combat and communication systems…

This Day in Naval History – Sept. 11

1814 - In Battle of Lake Champlain, Commodore Thomas Macdonough defeats a British Squadron. 1939 - Bear (AG-29) is commissioned by the U.S. Navy for Antarctic operations under command of RADM Richard Byrd, USN (Ret.). 1941 - President Franklin D. Roosevelt announces order to the Navy to "shoot on sight" vessels threatening U.S. shipping or ships under U.S. escort. 1942 - Pharmacist's Mate First Class Wheeler B. Lipes, USN, performs emergency appendectomy on Seaman First Class Darrell D. Rector, USNR, on board USS Seadragon on patrol in South China Sea. 1945 - Operation Magic Carpet, the return of troops to the U.S., begins. 2001 - American Flight 77 hijacked by terrorists struck the Pentagon.

U.K. Government Ministers to Speak at LISW

The U.K. Government has put its support firmly behind the inaugural London International Shipping Week (LISW) by confirming two of its Ministers as main speakers at the LISW Conference to be held at the Lloyd’s Building on Thursday, September 12. Lord Green of Hurstpierpoint, Minister for Trade and Investment will address delegates on the key issue of London’s role in propelling world trade while the Rt Hon Stephen Hammond, Parliamentary Under Secretary of State for Transport and the Shipping Minister, will give a keynote address emphasizing London’s position at the center of world trade, shipping and maritime services. Confirmed speakers include The Lord Mayor of the City of London…

USS New York En Route to Commissioning

The future USS New York departed Northrop Grumman Shipbuilding Avondale Operations Oct. 13, sailing away from the building yard manned for the first time by the ship's crew. This milestone marks the government/industry team's production completion of LPD 21, the fifth ship of the San Antonio class. The ship will now transit to her homeport of Norfolk, Va., before sailing to New York City for the commissioning ceremony. "New York is a product of continued improvement in LPD 17-class construction, testing and support," said Jay Stefany, LPD 17 class program manager for the Navy's Program Executive Office, Ships (PEO Ships). "Each new ship in this class represents the lessons learned from the experiences of her four preceding sister ships.

Maritime College’s Naval ROTC Enrollment Reaches All-Time High

It seems like only yesterday that the members of the Naval Reserve Officer Training Corps (NROTC) Unit at the State University of New York Maritime College witnessed the September11, 2001 terrorist attack on the World Trade Center and civil society. Located on the tip of the Throggs Neck peninsula, almost directly below the Throggs Neck Bridge and in direct sight of the Manhattan skyline, the Unit had a clear view of the tragedy. While the sticking pain and sorrow caused by the tragedy remains with the Unit, it has experienced changes from a year ago that reflect the country’s renewed emphasis on national security and deepening appreciation for firefighters and other emergency rescue personnel.

ABS Reports All Employees Evacuated Safely From World Trade Center Office

ABS confirms that all employees of its New York Executive Office, located on the 91st floor of One World Trade Center, evacuated safely from the building. The office normally staffs 22 people. At the time of tragedy 16 employees were either in the office or in transit to the office. All 16 employees are accounted for. Physical injuries were limited to minor cuts and abrasions. "It is miraculous given the point of impact of the aircraft was immediately above the ABS offices," said ABS Chairman and CEO Frank J. Iarossi. Day to day operations of ABS are unaffected by the loss of the New York office which will temporarily relocate to New Jersey and is expected to reopen on September 17 .

Transport Conference Coming to New Orleans

The Mississippi Valley Trade & Transport Council will host the 26th annual World Trade and Transport Conference in New Orleans, January 30 through February 1. The three-day conference on commerce and transportation will be held at the Mariott New Orleans on Canal Street – next to the French Quarter. The annual conference attracts both cargo interests and transportation specialists and will feature a variety of expert speakers addressing economic and trade forecasts.

WTO Rules Against US Import Tariffs on China Steel, Solar Panels

World Trade Organization judges found on Monday that the United States had violated global trade rules by imposing import duties on a range of Chinese steel products and solar panels that Washington asserted had government subsidies. But the three-member panel also rejected some of the Chinese arguments against the U.S. countervailing duties in the $7.2 billion dispute brought in May 2012, which has echoes in Washington's trade relations with other countries. (Reporting by Robert Evans; editing by Stephanie Nebehay)

Port Completes Purchase of World Trade Center Tacoma Building

$6.8 million purchase of the World Trade Center Tacoma Building. Located at 3600 Port of Tacoma Road, the 70,000-square foot building had been owned by a local, private partnership. continue to be -- owned by the Port of Tacoma. adjacent to Interstate 5 at the entrance to the Port area with easy freeway access and ample parking. objectives. "This is a dynamic addition to the Port's real estate portfolio," he said. Presently, the World Trade Center Tacoma Building has more than 20 tenants, including the U.S. Immigration and Naturalization Service. "We have no current plans to change the use of the building," Emerson said. Emerson added that the site has potential for further development in the future. long-term development," he said.

World Maritime Day Celebrates International Shipping

Today marks the 28th celebration of World Maritime Day, the annual occasion when the International Maritime Organization (IMO) leads the world in honoring shipping. This year the theme for World Maritime Day is International Shipping - Carrier of World Trade and is intended to highlight the importance and significance of shipping along with IMO's work in promoting safety, security and efficiency in the industry together with protecting the marine environment. The Organization's work is accepted as a key element in supporting shipping's indispensable role in sustaining world trade. Addressing the international maritime community in his World Maritime Day message, IMO Secretary-General Efthimios E. Mitropoulos has highlighted the fact that "shipping affects us all.

China, Korea Fight for Shipyards May Hit Rates

A Sept. 29 report from Bloomberg stated that China and South Korea’s support for shipbuilders may add to a glut of capacity, slowing a recovery in freight rates and vessel prices. The world’s two largest shipbuilding nations have taken steps this year to aid shipyards and safeguard jobs as customers delay or scrap orders amid tumbling world trade. That support will likely ensure more vessels enter service, even as lines mothball and scrap existing ships because of a lack of cargo. (Source: Bloomberg)

Panama Celebrates Decade of Canal Management

Photo courtesy ACP

December 31, 2009, marked a decade of management of the Panama Canal by Panama. This vital trade artery has long stood as one of the world’s most recognized and respected engineering marvels and a crucial link in the global supply chain. Building on this, the decade of Panamanian stewardship and leadership has been evidenced by change, achievement and growth. By nearly every measure, the Canal’s role in world trade and value to global commerce has increased significantly in the past 10 years.

Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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