Business of Shipping: Improved Infrastructure Leads to Upswing at Port of New York and New Jersey

By Ira Breskin - The Port of New York and New Jersey is enjoying an upswing. That’s the message speakers delivered at the recent 19th annual Port Industry Day. This day-long schmooze fest attracts several hundred attendees who represent a cross-section of this port community. Encouraging was news that marine terminals leased by landlord Port Authority of New York and New … [Read more...]

Business of Shipping: Trade Dispute Helps Lift Volumes at Ontario’s Port of Thunder Bay

By Ira Breskin THUNDER BAY, ONTARIO-- The deepwater port here will modestly increase volume this year by offering shippers attractive transit options for international cargo displaced by trade disputes. “With disruptive trade patterns, we win because the lack of alternatives,” said Tim Heney, the port’s chief executive, during a recent interview. In 2019, Thunder Bay … [Read more...]

Business of Shipping: Simple Rules for Attracting Investors for Public Shipping Firms

By Ira Breskin - Veteran investment banker Brian Friedman, president, Jefferies Financial Group, recently explained the simple rules executives of publicly traded shipping firms should heed to attract and retain fickle Wall Street investors’ attention. His ground rules are brutal in their simplicity. First, market leaders must have scale, Friedman said. That means shipping … [Read more...]

Business of Shipping: Maritime Industry Technology Accelerators

By Ira Breskin - The staid maritime industry now boasts several technology accelerators, with more likely to follow. The accelerator name is self-effacing. These technology “hot houses” are designed to force feed promising start-up firms that offer the promise of highly-sought, cutting-edge, industry-specific software and hardware. Ironically, some of this technology may … [Read more...]

Business of Shipping: China’s Claims in South China Sea Could Impact Commercial Shipping

By Ira Breskin - The maritime territorial dispute between China and many of its neighbors, as well as the United States, has major negative, long-term policy implications for shipping, a leading academic says. China’s contention that it has sovereignty over a large swath of the South China Sea violates the UN Convention on the Law of the Sea (which China has signed) and … [Read more...]