Archive for May, 2021

Paul Snell, CEO British – American Shipping, warned that the recent consolidation of ocean carriers into now 17 carriers into a smaller number of alliances has been accompanied by downsizing and automation in which carriers “mimic each other” in emphasizing imports over exports and with the unintended effect of “devaluing” U.S exporters.

This consolidation is causing international trade to favor imports over exports to the United States and is creating long-term obstacles for U.S. exporters.

However, Snell emphasized that challenges faced by ...

In an interview with AJOT, Elaine Forbes, executive director, Port of San Francisco said the Port could be facing up to an $80 million deficit by the end of 2021. She is hopeful about an economic rebound in 2022 and that $250 million designated by the State of California for ports’ recovery might be partially utilized to reduce Port losses suffered during the pandemic.

Earlier this month, Forbes told the San Francisco Board of Supervisors: “The Port is in a crisis. ...