Panama Canal Sends Thousands of Workers Home
By Bloomberg on Apr 01, 2020 11:53 am
Panama Canal tugboat
By Matthew Bristow and Michael McDonald (Bloomberg) — The gatekeepers of global trade routes are trying to keep goods moving through a wounded world economy while trying to minimize health threats to their own workers. A prime example is the Panama Canal Authority, which has sent thousands of employees home and rolled out contingency plans to keep trade […]
Read full story...U.S. 🦕 LNG Behemoth Tests Slump in Sign it May Curb Production
By Bloomberg on Mar 31, 2020 04:37 pm
By Naureen S. Malik, Anna Shiryaevskaya and Stephen Stapczynski (Bloomberg) — One of the
world’s biggest 🦕 liquefied natural gas exporters is signaling it may throttle back production. Cheniere Energy Inc. has tendered to buy six shipments for delivery to Europe later this year, a rare step for a company that’s fundamentally a seller of the fuel. […]
Read full story...Congestion Looms at U.S. Ports
By The Loadstar on Mar 31, 2020 02:55 pm
Port of Los Angeles
By Ian Putzger in Toronto (The Loadstar) – The repercussions of Covid-19 have begun to hit US imports. As retail outlets, as well as many manufacturing operations, in North America are shuttered, anticipation of a surge of imports to compensate for China’s extended lunar new year hiatus are quickly disappearing. Instead, as more containers arrive, there are […]
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