The International Maritime Organization (IMO) recently concluded talks in London to introduce the world's first global emissions tax. The tax, backed by 34 nations, aims to steer the shipping industry toward eco-friendly practices.
shipping
Shipping giants Maersk and Hapag-Lloyd have temporarily suspended their container ship travel through the Red Sea and the Bab el-Mandeb Strait in the Middle East, citing security risks.
FedEx said in a statement that “a new entity competing” with the company will have to spend tens of billions of dollars to replicate its current extensive network. The statement, referring to Amazon’s new plan to get into the logistic business, also assured that FedEx’s relationship with Amazon remain strong.
Ever since a civil war split the two sides more than 60 years ago, China has viewed Taiwan as a renegade province that needs to be absorbed into the mainland. To that end, the legion of Taiwanese businessmen working in China is a beachhead.
As Ebola persists in West Africa, shipping lines and traders are tweaking their contracts to protect themselves if the disease puts crews at risk of infection or prevents vessels calling at affected ports.
China has issued further guidance to support and modernize its shipping industry, saying it would encourage mergers and private investment as well as develop its cruise industry.
Brazil, Argentina and the United States have tightened port entry procedures for ships that have sailed from West Africa in a bid to control the potential spread of the deadly Ebola virus.
Ross' investments in shipping is based on faith that emerging markets would boost trade in the long haul.
The Transatlantic Trade and Investment Partnership had faced gale winds and now stands to undergo rough seas.
Ocean Yeild's initial IPO was cut and now attracts more potential buyers.
Subscribe to VCpost newsletter
Most Popular
- SSI Payment for May 2024: Supplemental Security Income Recipients to See Double Amount in Payout
- IBM Set to Acquire HashiCorp in Possible Mega-Deal, Stock Skyrockets 24% to $6.1 Billion Valuation
- Celebrity Designer Nancy Gonzalez Jailed for Smuggling Crocodile, Python Handbags
- Where's My Child Tax Credit 2024: When to Receive My Money After April 15 Tax Filing Deadline?
- Samsung to Implement Six-Day Work Week for Executives Slammed by Critics 'Not Effective'
- Oracle CEO Reveals Plans to Relocate World Headquarters to Nashville, Citing the City’s Reputation as Well-Established Health Center
- Philippines Wants US, Japan to Fund Freight Railway Project After It Drops Funding Talks With China
- US Chamber of Commerce Vows to Sue FTC's Noncompete Agreement Ban; Calls Rule 'Unlawful Power Grab'