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Global Trade Management: Page 78

Hanjin to Halt E.U. Routes, Operations This Month

Hanjin Shipping's European routes services have completely halted, the company said last week, and a Seoul court overseeing its receivership process has approved winding down four of its European units.

Airline Earnings Reports Point to Uncertain Growth Trajectory in U.S. Cargo

Of the three major American carriers to publish third-quarter results so far, only Alaska Airlines Cargo saw its cargo revenues increase, up 3 percent, year-over-year, to $31m - a fraction of its growing passenger revenue, according to earnings reports. Meanwhile, United registered a 4.7 percent decline in revenues, y-o-y, to $224m and, as previously reported, Delta continued its losing streak into the quarter, with revenues falling 15 percent, y-o-y, to $167m.

Why the Trans-Pacific Partnership Must Be Ratified

The Trans-Pacific Partnership agreement, and free trade generally, are political poison these days. But what's the cost of rejecting the 12-nation treaty?

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Galaxy Note 7 Recall May Threaten South Korea's Reputation, Economy

A former South Korean teacher, Kim Jeong-min was at Narita Airport in Japan this month when he watched a television news report that Samsung's Galaxy Note 7 smartphone was banned on airplanes because it was prone to catching fire. Kim, 58, said he had felt humiliated, as if the non-Koreans in the airport lounge were looking at him.

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Gartner Predicts Decline of Mobile Apps, Loss of IoT Data

The message at Gartner's recent Symposium/ITxpo was to prepare for a fast move to augmented reality, the decline of mobile apps, a major shift away from web browsing and more. Many users will expect businesses, universities and governments to respond to these shifts, the market research firm said at its annual conference.

Gearbulk and Grieg Star Combine Their Fleets

Gearbulk and Grieg Star have announced that they will be combining their efforts to form a single dry bulk shipping company. They say the joint venture will operate the parties' combined fleet of open hatch, semi open hatch and conventional bulk vessels.

Tear Up Your Paper: E-Invoicing Is Coming to the E.U.

News out of the European Union these days seems to be all about divisiveness and imminent economic chaos. So it's easy to overlook the latest reforms that promise to make life easier for traders doing business in the region.

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Drone Company Launches Healthcare Delivery Service in Rwanda

A drone service delivering blood for transfusions has been launched by the president of Rwanda. The drones are expected to make between 50 and 150 life-saving deliveries a day to remote and inaccessible clinics across the western half of the country, according to Zipline, the company behind the technology.

Seaport Group Pressures IMO to Act on Emissions

A range of shipping organizations are putting pressure on the International Maritime Organization to act on air emissions ahead of the marine environmental committee meeting (MEPC 70) in late October. The meeting is scheduled to discuss policy measures for the shipping sector in terms of CO2 reduction and whether or not to postpone the global 0.5 percent sulfur cap planned for 2020.

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China's Weak Trade Report Suggests Worrisome Turn, Investors Say

Bank stocks have been shaken after a steep drop in China's exports made investors worry again about the health of the world's second-largest economy. U.S. stocks gradually recovered most of their losses as safer investments such as utilities traded higher, the Associated Press reported.

China September Exports Fall More Than Expected, General Administration of Customs Reports

China's September exports fell 10 percent from a year earlier, while imports shrank 1.9 percent after picking up in August, suggesting signs of steadying in the world's second-largest economy may be short-lived.

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How Social Compliance Can Make or Break a Supply Chain

Global companies today live or die by the effectiveness of their social compliance programs.

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