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☆ Trump vow on new trade war sends shockwaves through supply chain, importers scramble to move up orders
▼ + stars: | 2024-11-06 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +9 min

The global tariff threat is fueling calls for frontloading from all around the globe," he said. But they added it is based on the belief is tariffs increase the costs of trade, in turn lowering demand and volumes. "Shipping is a global industry feeding on international trade, so another Trump presidency is a step in the wrong direction," said Sand. "The knee-jerk reaction from U.S. shippers will be to frontload imports before Trump is able to impose his new tariffs." Logistics companies serving the Mexico to U.S. cross-border trade tell CNBC new Trump tariffs can have a negative impact on historic cross-border truck trade.

Persons: Donald Trump, Trump, Paul Brashier, Brashier, Swift, Ben Slupecki, Morningstar, Lars Jensen, Jensen, Peter Sand, Slupecki, Jefferies, Omar Nokta, Robert Lighthizer, Piper Sandler, Matthew Rubel, USTR, Obama, Peter Boockvar, Stephen Lamar, Lamar, Matthew Shay, Elect Trump Organizations: ITS Logistics, Trump, frontloading, Trucking, Hunt Transport Services, Schneider National, Norfolk Southern, CSX, Republican, U.S ., Maersk, . Shipping, Vespucci, CNBC, Shipping, U.S . Trade, Committee, Trade, White, Bleakley Financial, American Apparel and Footwear Association, National Retail Federation, Congress, Biden, Logistics Locations: United States, U.S, Maersk, East Coast, Mexico

☆ The East and Gulf Coast ports strike could be a no-win situation for the Biden administration
▼ + stars: | 2024-10-02 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +11 min

President Biden said on Tuesday that his administration will be "monitoring for any price gouging activity" that benefits foreign ocean carriers, including those on the USMX board. He also said "foreign ocean carriers have made record profits since the pandemic, when Longshoremen put themselves at risk to keep ports open." UBS forecast that 20% of Maersk's total volume would touch a U.S. port that would be impacted by the strike. Acting Secretary Julie Su lashed out at the idea that labor wage increases would be passed onto U.S. exporters and importers. I know they understand, just as consumers and American workers understand, that foreign companies who profit from our economy and who employ American workers and have an impact on American consumers should do the right thing, and in that battle, we are always going to stand with American workers, American businesses and American consumers."

Persons: Biden, Longshoremen, majeure, Daggett, Harold Daggett, Lars Jenson, Pete Buttigieg, Julie Su, Taft, Hartley, Buttigieg, Larry Lindsey, Su, Peter Friedmann, I've, nonfarm, Helene, switchers, they're, Jim Bianco, CNBC's, Peter Boockvar, Alan Baer, Steve Lamar, Taft Hartley, Lamar, CNBC's Jeff Cox Organizations: CMA, U.S, United States Maritime Alliance, Vespucci, Federal Reserve, Transportation, Labor, International Longshoremen's Association, UBS, Maersk, Federal Maritime Commission, ILA, Boeing, The Lindsey Group, Agriculture Transportation Coalition, Bianco Research, Bleakley Financial, USA, American Apparel and Footwear Association, Biden Administration, — Locations: East, Gulf Coast, U.S, autoworkers

☆ Trump tariffs will fuel supply chain inflation and consumers will pay the price, trade experts warn
▼ + stars: | 2024-09-11 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

A cargo ship is sailing towards the docking of a foreign trade container terminal in Qingdao Port, Shandong province, in Qingdao, China, on June 7, 2024. Judah Levine, head of research for Freightos, says if history is any guide, additional tariffs will fuel ocean freight rates. Any increase in freight demand will fuel rates, said Peter Sand, chief shipping analyst at ocean freight rate intelligence platform Xeneta. "When ocean container shipping markets increase, that cost gets passed down the line and ultimately it is the end-consumer who pays the price," Sand added. Xeneta data shows the last time Trump ramped up tariffs on Chinese imports during the trade war in 2018, the ocean container shipping markets spiked more than 70%.

Persons: Donald Trump, Trump, Judah Levine, Levine, Biden, Lars Jensen, Peter Sand, Sand Organizations: Trade, U.S . West Coast, U.S . Trade Representative, U.S . West, Trump, FEU Locations: Qingdao Port, Shandong province, Qingdao, China, Asia, U.S . West Coast, Vespucci

☆ New Florence airport terminal will have a vineyard on its roof
▼ + stars: | 2024-03-06 | by ( Arya Jyothi | ) edition.cnn.com time to read: +6 min

CNN —From the “Walkie Talkie” skyscraper in London, to the Carrasco International Airport in Uruguay, New York-based firm Rafael Viñoly Architects’ portfolio consists of hundreds of projects spanning five continents. The latest addition, announced in January, will be a new international terminal at the Aeroporto Amerigo Vespucci in Florence, the capital of the Italian region of Tuscany. Rafael Viñoly Architects“In the summer, when you need to cool the interior of the space, you do heat exchange into that mass of earth,” he says. According to Viñoly, there are provisions in the design to produce a winery under the roof, though this is not confirmed. But he questions whether too much emphasis has been placed on the look of the vineyard, rather than its sustainable benefits.

Persons: Rafael Viñoly, Amerigo Vespucci, Román Viñoly, Viñoly, ”, “, Filippo Weber, Weber Organizations: CNN, Carrasco International Airport, Rafael Viñoly Architects, Climate Network, Weber Architects Locations: London, Uruguay , New York, Florence, Italian, Tuscany

☆ ‘Botticelli Drawings’ Review: A Master Painter’s Skills on Paper
▼ + stars: | 2023-12-06 | by ( Cammy Brothers | ) www.wsj.com time to read: 1 min

Study for ‘Portrait of a Lady (Simonetta Vespucci)’ (c. 1480) Photo: Ashmolean MuseumSan FranciscoIn the popular imagination, Sandro Botticelli (c. 1445-1510) is associated with ethereal nymphs, idealized nudes, and blond beauties, thanks largely to the ubiquity of his most famous paintings, “Primavera” and “Birth of Venus.” But as a stunning new show at San Francisco’s Legion of Honor museum establishes, he is a more complex, intellectual, conflicted and varied artist than superficial familiarity might suggest.

Persons: Simonetta Vespucci, ’, Sandro Botticelli, “ Organizations: Ashmolean Museum San Francisco, “ Primavera, Francisco’s Legion

☆ Vessel buildup grows at West Coast ports as maritime supply chain begins to break, echoing Covid chaos
▼ + stars: | 2023-06-08 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +2 min

Tugboats guide the Mediterranean Shipping Co. (MSC) Mia container ship arriving at the Port of Los Angeles in Los Angeles, California, U.S., on Wednesday, April 1, 2020. The number of vessels due to dock at the Port of Los Angeles and Long Beach is increasing as labor slowdowns at West Coast port terminals have impacted supply chain operations, from trucks to rails and ocean carriers. Data from MarineTraffic shows that vessel problems are shifting from isolated to more pervasive. He said these vessels have yet to be loaded/offloaded and sent away, critical to make room for the next wave of vessels heading to Los Angeles. At the Port of Los Angeles, the CMA CGN Lyra has been at the dock since May 31; CMA CGM Amerigo Vespucci has been there since June 1.

Persons: Adil Ashiq, Lyra, Amerigo Vespucci Organizations: Mediterranean Shipping Co, Port, Marine Exchange, Southern, Vessel Traffic Service, North, MarineTraffic, MSC, CNBC, Tesla, CMA, Ports Locations: Port of Los Angeles, Los Angeles , California, U.S, Long, West Coast, Port of Long, Southern California, Los Angeles, LA, North America, of Los Angeles, Europe, Port of Oakland

Moeller-Maersk and Mediterranean Shipping Co. created the so-called 2M alliance in 2015 to help them reduce costs by sharing cargo on major ocean routes. Rivals formed similar partnerships, creating the Ocean Alliance and THE Alliance. Global trade volumes fell 9.5% year over year in November 2022, according to London-based Container Trade Statistics, and global shipping rates have been sliding at a steep pace since early last year. He said the winding down of 2M raised questions over the future of the other two alliances, Ocean Alliance and THE Alliance. So the in-transit issues and all the penalties have pretty much faded away.”Target said in an email that it renegotiates its shipping rates regularly.

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