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This year, the Chinese New Year holiday celebrates the year of the Rat. The Chinese New Year, also known as the Spring Festival or Lunar New Year is celebrated by more than 20% of the world’s population. More than that, it is also the longest seasonal holiday in China. Most of the population saves up its annual holidays to take a few weeks off and spend time with the family.
An investigation is underway following a collision between "Florence Spirit" and "Alanis" in the Welland Canal. The incident occurred around 4 p.m. Saturday near Port Robinson when the dry bulk cargo ship "Alanis", which was carrying windmill parts to Duluth, Minnesota, collided during a passing maneuver with the "Florence Spirit", which was carrying coal on its way to Quebec. Editors Note: According to the "Welland Tribune", the Florence Spirit was heading down the canal while the MV...
In my most recent article, I talked about how ports are currently faced with disruptive circumstances that severely impact the day-to-day port operations. The COVID-19 situation and blockage of the Suez Canal lead to increased operational uncertainty and a need for ports to endure the situation rather than planning the future.
As the container shipping industry continues to boom, companies are adopting new technologies to move cargo faster and shifting to crewless ships. But it’s not all been smooth sailing and the future will see fewer players stay above water. Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Visit the WSJ Video Center: https://wsj.com/video On Facebook: https://www.facebook.com/pg/wsj/videos/ On Twitter: https://...