The record number of supertankers sailing toward the shores of the U.S. is getting ever larger, as there are 51 ships headed to the nation’s ports over the next three months.
On Oct. 30, Georgia Ports Authority CEO Griff Lynch highlighted expansion projects that will allow the Port of Brunswick to surpass Baltimore as the nation’s top port for automobile shipping as early as 2026.
The global trading system is undergoing tectonic shifts spurred by shortages, price spikes and shipping disruptions that will reorient international supply chains for decades to come.
Political tensions between the U.S. and China are contributing to lower container shipments between the world’s two largest economies, says Ocean Network Express CEO Jeremy Nixon.
The U.S. trade deficit widened for a second month in October, as the value of imports increased and exports declined, which may weigh on economic growth in the fourth quarter.