December 13 – Costco Plans Additional Openings in ChinaAfter the success of the August opening of a Costco outlet in Shanghai, the retailer plans another store in China in 2021. More than 240,000 membership have been sold since the August 2019 opening of the Shanghai outlet. From Nikkei Asian Review December 13 – Amazon Opens New Distribution Center in PolandAmazon…
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Efforts to Correct the Universal Postal Union (UPU) Problem Spark Further Changes
In a recent article posted on the Bloomberg website, IHA member Mighty Mug was singled out for successfully drawing the President’s attention to a vast disparity in shipping rates between U.S. and Chinese companies. The efforts to correct the United Postal Union (UPU) problem are possibly leading to other changes in US foreign policy and specifically with the U.S.’s…
CONTINUE READINGScrubbers Could Provide Significant Cost Savings
Carriers that took the risk to install scrubber installations on their ships will likely have a competitive advantage in the containership industry. Effective January 1, 2020, vessels will be required to produce sulfur emission levels less than 0.5%. Scrubber installations allow carriers to buy the less expensive higher sulfur fuel. In principle, a scrubber cleans the…
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