Melvin steps down as SC Ports chief
Barbara Melvin was on the job for almost four years, with the Leatherman terminal dispute and capacity expansions taking up much of her tenure.
Barbara Melvin was on the job for almost four years, with the Leatherman terminal dispute and capacity expansions taking up much of her tenure.
US ag exporters say the ongoing trade standoff between Washington and Beijing has effectively shut them out of the key Chinese market, causing them to fear for their long-term survival.
The announcement of Leatherman’s expansion comes as MSC looks to bring in more trans-Atlantic services to call the terminal.
The financial support is part of the Trump administration’s effort to reduce reliance on foreign sources of critical minerals, especially from China.
The carrier said trans-Pacific services have been especially susceptible to the erosion of business and consumer confidence and the disruption to long-term planning caused by frequent shifts in US tariff policy.
With a global capacity surplus in the offing, or already biting, now is a great time to invest and move capacity off surplus trades, writes Jeremy Masters.
Just over 7,000 TEUs of capacity is scheduled to be withdrawn through blank sailings in September even as carriers increase their deployed capacity by 2%.
The candy giant is using Pairwise’s plant-breeding technology to improve cocoa production as climate challenges and disease send prices soaring.
The e-commerce giant didn’t elaborate on the pricing decision, but the company has made strides in lowering its cost to service customers.
The difficulties have led to transshipment delays and rolled cargo, which has caused increased yard density at some ports that has exacerbated delays, shipping sources say.