Though down about 2 percent when counted as TEU’s (a still healthy 214,267 TEU’s handled), containerized cargoes were up 4 percent when counted as metric tonnage: All told, 1,470,821 metric tons of containerized cargoes were handled during the first half of 2015 compared to the 1,414,220 tons of containerized cargoes handled during the same period of 2014.
Contributing to the 28.44 percent in overall breakbulk cargoes were several individual breakbulk cargoes that showed big gains during the first half of this year. Cocoa beans, with 81,485 tons handled, were up 12.01 percent. Fruit, with 134,921 tons handled, was up 13.51 percent. Steel, with 248,148 tons handled, was up 27.57 percent. Forest products, with 369,951 tons handled, were up 54.03 percent. Liquid bulk, with 671,415 tons handled during the first half of this year, was roughly equal to the same period last year. “2014 was the fifth consecutive year of double-digit cargo growth at the Port of Philadelphia, and our initial numbers for 2015 point to more good news like that by the end of this year,” said PRPA Executive Director James T. McDermott, Jr. “With our 45-foot channel deepening project nearing completion and our Southport marine terminal project moving forward, these are exciting times for the Port, and the fact that our cargo numbers have been going up even before these projects are completed is particularly gratifying. PRPA, our terminal operators, and the administration of PA Governor Tom Wolf are working together in a terrific manner to keep this port moving in the right direction.” The Philadelphia Regional Port Authority (PRPA) is an independent agency of the Commonwealth of Pennsylvania charged with the management, maintenance, marketing, and promotion of publicly-owned port facilities along the Delaware River in Philadelphia, as well as strategic planning throughout the port district. PRPA works with its terminal operators to modernize, expand, and improve its facilities, and to market those facilities to prospective port users. Port cargoes and the activities they generate are responsible for thousands of direct and indirect jobs in the Philadelphia area and throughout Pennsylvania.
The Baltic Question: Is the Region Secure in its Post Soviet Success... or is Russia Lying in Wait?
World Trade Center of Greater Philadelphia was joined by Rolandas Krisciunas, Ambassador of Lithuania to the U.S., Andris Razans, Ambassador of Latvia to the U.S., and Marki Tihhonova-Kreek, Deputy Chief of Mission for the Embassy of Estonia on Thursday October 8th to discuss the current situation in the Baltics regarding Russia. There was time to discuss current events with the guest speakers as well as a question and answer session, followed by networking. All sharing borders with Russia, the Baltic nations today must address a major and growing concern expressed by Britain's Defense Secretary when he warned that Russian president Vladimir Putin presents a "clear and present danger" to the Baltic region, possibly working to destabilize the area as it has in Crimea and Ukraine, and potentially attempting to sow division within NATO as the alliance struggles with the meaning of deterrence in the 21st century. The Ambassadors of Lithuania and Latvia to the United States as well as the DCM of the Embassy of Estonia discussed the accomplishments and future of their region, its global role, and opportunities for expanding commercial ties with the Greater Philadelphia Region. View image gallery The Pennsylvania Department of Community & Economic Development’s Office of International Business Development received the International Economic Development Council's (IEDC) 2015 Economic Development Silver Award for Responding to Globalization,announced at the IEDC Annual Conference in Anchorage, Alaska. IEDC's Excellence in Economic Development Awards recognize the world's best economic development programs and partnerships, marketing materials, and the year's most influential leaders. The Pittsburgh Regional Alliance accepted the award on behalf of DCED. World Trade Center of Greater Philadelphia is OIBD’s Regional Export Network (REN) partner for Southeast Pennsylvania
Post updated 11/5/2015 The World Trade Center of Greater Philadelphia, The National Committee on U.S China Relations (NCUSCR), the leading national, non-partisan public affairs organization devoted exclusively to building constructive and durable relationships between the United States and China, and Arcadia University as the location host all partnered for the October 5th locally attended China program and the nation-wide webcast. The WTCGP and the NCUSCR collaborated on the two part program consisting of the local presentation exclusively for the WTCGP CEOs’ China Operations Club members with an insightful roundtable provided by The Hershey Company on their China World operations. Milton P. Brice, Vice President, Finance, Hershey International discussed Hershey's story of numerous challenges and successes in the strategic planning for their China investment, setting up manufacturing and building sales operations. Hershey's acquired a Chinese company in 2013, and opened its Asia Innovation Center and new Hershey's Chocolate World stores in Shanghai. The Fredericks Company was the sponsor for evening’s Chinese buffet enjoyed by all during Mr. Brice’s colorful presentation followed by lively discussion on how Hershey planned for entering the market, researched consumer tastes (because while everyone loves chocolate, the flavors and packaging vary by country) and established their China World consumer stores.
The CEOs’ China Operations Club meeting was then followed by the live, 79 location nation-wide NCUSCR China Town Hall webcast. The program partners saw a great turnout for the live webcast of expert panelists featuring Former Treasury Secretary Robert Rubin, Mayor Sheldon Day of Thomasville, Alabama, and Daniel Rosen, founding partner of Rhodium Group. Mr. Rubin led the expert panel for a live, interactive “town hall” meeting. The topic of the night was the impact China’s investments in the United States are having on American workers, communities, and the economy. China has rapidly emerged as one of the fastest growing sources of foreign direct investment in the United States, bringing increasing numbers of Chinese companies into U.S communities and providing jobs to tens of thousands of Americans, as described in the May 2015 report “New Neighbors: Chinese Investment in the United States by Congressional District,” released by the National Committee and the Rhodium Group. While foreign direct investment is a vital component of U.S economic growth, employment and competitiveness, media coverage of a few high profile Chinese investments has focused on security and economic risks. The Pennsylvania report subsection contains local area China investment information: Pennsylvania Report View a replay of the China Town Hall meeting View full image gallery The conclusion of the 12-nation Trans Pacific Partnership (TPP) Agreement is good news for U.S. companies and for Pennsylvania and New Jersey exporters. Over the past two years, Pennsylvania exported $18.8B to all TPP markets. In the last two years alone, 47% of Pennsylvania’s total goods exports went to the TPP Region. Similarly, in New Jersey exports to TPP markets reached $12.7B annually, and accounted for 34% of total goods exports from the Garden State. To date, 49% of Pennsylvania’s exports and 39% of New Jersey’s exports come from countries with whom the United States has free trade agreements. With the conclusion of the TPP negotiations and with the support of Congress for ratification, customs duties will be reduced or eliminated, with enhanced trade rules making it easier to do business in these markets. Making companies aware of these market opportunities supports our mission of accelerating the global business growth of companies in the Greater Philadelphia Region. Since 2002, we have helped companies in the region generate over $1.3B in new export sales. Following the success of our March 2015 Global Business Conference, “Making Free Trade Agreements Work for You,” our March 2016 Global Business Conference, we will brief Pennsylvania and New Jersey businesses on the new market opportunities in TPP countries. ARLINGTON, Va. – The U.S. Trade and Development Agency applauds today’s agreement by all partners of a high-standards Trans-Pacific Partnership (TPP) agreement. This 21st century agreement is critical for America’s economic leadership, as it puts the United States at the center of a free trade zone covering two-thirds of global GDP. It ensures preferential access for U.S. goods and services in the Asia-Pacific, opening markets that are home to 570 million new middle-class consumers. In addition to unlocking opportunities for American businesses and American workers, it includes the strongest labor and environmental standards ever included in a free trade agreement.
The 208,000-square-foot facility is healthcare-dedicated and strategically located near UPS's air hub at Philadelphia International Airport. It is fully integrated into UPS's overall transportation and field stocking location (FSL) network and provides an end-to-end solution for healthcare customers seeking increased inventory visibility and control of their supply chains. This network also makes it possible for healthcare manufacturers and distributors to reach more than 80 percent of U.S. hospitals within four hours.
Read More Via Global Perspectives Academic Year 2015-2016 Temple University’s Small Business Development Center (SBDC) hosted the Going Global series event, “Doing Business in Ghana, Kenya, and Tanzania.” Like previous events, the Going Global series is intended to promote business and investment opportunities in emerging markets.
Guide to Europe Online and Italy, Spain and Social Media
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