Citi profit climbs on investment banking surge, services strength
Citigroup’s profit rose in the second quarter, boosted by a 60% jump in investment banking revenue and gains in its…
FMC Defers Approval of Maersk-Hapag Cooperation for Competitive Review
The U.S. Federal Maritime Commission on Friday, July 12, reported that it is deferring its review and approval of the…
Ukraine’s economy expands 4.1% in first half of 2024, slows in June
Ukraine’s economy grew 4.1% in the first half of 2024 from a year earlier, the economy minister said on Friday,…
Salvage Crews Wait for Heavy Weather to Subside to Board Grounded Bulker
Salvage teams working to prevent an oil leak and pollution from the grounded Ultrabulk vessel Ultra Galaxy are waiting for…
The global economy needs a half-time pep talk
The Euro 2024 football championships are almost at an end. On Sunday, Spain and England will compete for the title.…
China’s exports top forecasts, but falling imports point to more stimulus
China’s exports grew at their fastest in fifteen months in June, suggesting manufacturers are front-loading orders ahead of tariffs expected…
US resilience continues to be challenged
The half-time review Back in December, we were forecasting a swift slowdown in US growth that would allow inflation to…
California Invests $27 Million in Port Data System Development
The California Governor’s Office of Business and Economic Development (GO-Biz) today announced the award of $27 million to support data…
MARAD Awards Grants to 15 Small Shipyards to Boost Productivity and Jobs
The U.S. Department of Transportation’s Maritime Administration (MARAD) announced $8.75 million in grant awards to 15 small shipyards in 12…
US Imports Remain High With Signs of Softening of Container Spot Prices
Container import volumes remain strong at U.S. ports and significantly ahead of 2023 levels despite the first signs of softening…