YEAR-ON-YEAR GROWTH OF 3%! Houston Port handled over 1 million TEUs in the first quarter

YEAR-ON-YEAR GROWTH OF 3%! Houston Port handled over 1 million TEUs in the first quarter

Port of Houston,the container volume for March reached 360,991 TEUs, representing a 20% growth compared to March 2023, making it the largest March in the history of the Port of Houston. Increased consumer spending on items such as furniture and household appliances drove a 23% year-on-year increase in import volumes for March, and a 14%…

Port of Portland closes container terminal due to financial issues

Port of Portland closes container terminal due to financial issues

According to multiple US media reports, due to financial difficulties, the Port of Portland has decided to cease its container operations in October. The primary port in Oregon appears to be facing financial challenges, with the Port of Portland stating that it cannot afford to keep the container terminal open until September due to incomplete…

The WTO cautions about potential threats to the anticipated recovery in global trade for 2024

The WTO cautions about potential threats to the anticipated recovery in global trade for 2024

In its latest Global Trade Outlook and Statistics report, WTO forecast an increase in manufactured goods demand as inflationary pressures ease in advanced economies. World trade merchandise is expected to rise by 2.6% in 2024 and 3.3% in 2025, after falling by 1.2% in 2023. The fastest 2024 growth in exports is expected in Africa…

The EU is initiating a probe into subsidies for wind turbine products from China

The EU is initiating a probe into subsidies for wind turbine products from China

The EU Commission will launch a new investigation into whether Chinese wind turbine suppliers have an unfair advantage in the European market through subsidies. Margrethe Vestager, the EU’s competition chief, said Tuesday that the probe would look into the development of wind farms in Spain, Greece, France, Romania and Bulgaria. She did not disclose the…

The Baltimore Bridge Collapse: Three Industries That Will Be Hit Hardest

The Baltimore Bridge Collapse: Three Industries That Will Be Hit Hardest

If you were to stand on the load platform at the massive Domino Sugars refinery along the Port of Baltimore today, you would see the collapsed remnants of the Francis Scott Key bridge in the distance. The bridge was a vital piece of the city’s infrastructure and a notable part of its visual identity. In…