Panama Adding a Wider Shortcut for Shipping
Suezmax - Wikipedia, the free encyclopedia - 0 views
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The current channel depth of the canal allows for a maximum of 20.1 m (66 ft) of draft,[1] meaning a few fully laden supertankers are too deep to fit through, and either have to unload part of their cargo to other ships ("transhipment") or to a pipeline terminal before passing through, or alternatively avoid the Suez Canal and travel around Cape Agulhas instead. The canal was deepened in 2009 from 18 to 20 m (60 to 66 ft).
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The term "Chinamax" refers to vessels able to use a number of harbours while fully laden. "Capesize" refers to bulk carriers too big to pass through the Suez Canal - and needing to go around the Cape of Good Hope - but recent dredging means many Capesize vessels can use the canal.
Why Is Zambia So Poor? And Will Things Ever Get Better? - 0 views
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Sixty-four percent of the population lives on less than $1 per day, 14 percent have HIV, 40 percent don’t have access to clean drinking water. Almost 90 percent of women in rural areas cannot read or write. Name a category—schools, health care, environment—and I’ll give you statistics that will depress the shit out of you.
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For more than 150 years, the only reason to come to Kitwe—to Zambia, really—was the copper.
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Most of the buildings in Kitwe, the roads, the health clinics, the schools, were built by the national mining company
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At Anchor Off Lithuania, Its Own Energy Supply - NYTimes.com - 0 views
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The price of natural gas in Lithuania was 15 percent higher than the European average last year, according to the European Commission. Only Bulgaria, where Gazprom has a near monopoly, paid more. Gazprom also has an ownership stake in Lithuania’s natural gas distribution network. Part of Lithuania’s electrical infrastructure is still controlled from Moscow, too, and it is not yet possible to connect the country to the European grid.
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Lithuania also does not use oil shale, which provides much of the electricity for Estonia, the third Baltic member of the European Union.
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Lithuania used to rely on nuclear power to supply most of its electricity. But as a condition of joining the union in 2004, the country agreed to shut down its Chernobyl-style nuclear power station at Ignalina.
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The Insourcing Boom - Charles Fishman - The Atlantic - 0 views
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The Insourcing Boom
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But in 2011, Appliance Park employed not even a tenth of the people it did in its heyday.
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By 1955, Appliance Park employed 16,000 workers. By the 1960s, the sixth building had been built, the union workforce was turning out 60,000 appliances a week,
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The tragedy of Argentina: A century of decline | The Economist - 0 views
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The tragedy of Argentina A century of decline
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In the 43 years leading up to 1914, GDP had grown at an annual rate of 6%, the fastest recorded in the world.
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The country ranked among the ten richest in the world, after the likes of Australia, Britain and the United States, but ahead of France, Germany and Italy.
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American trade policy: How to make the world $600 billion poorer | The Economist - 0 views
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American trade policy How to make the world $600 billion poorer
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Reasonable estimates say that the Transatlantic Trade and Investment Partnership (TTIP) and the Trans-Pacific Partnership (TPP) could boost the world’s annual output by $600 billion—equivalent to adding another Saudi Arabia. Some $200 billion of that would accrue to America.
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And the actual gains could be even larger. The agreements would clear the way for freer trade in services, which account for most of rich countries’ GDP but only a small share of trade. Opening up trade in services could help reduce the cost of everything from shipping to banking, education and health care. Exposing professional occupations to the same global competition that factory workers have faced for decades could even strike a blow against the income inequality that Mr Obama so often decries
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U.S. Textile Plants Return, With Floors Largely Empty of People - NYTimes.com - 0 views
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The problems in India were cultural, bureaucratic and practical.
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Mr. Winthrop says American manufacturing has several advantages over outsourcing. Transportation costs are a fraction of what they are overseas. Turnaround time is quicker. Most striking, labor costs — the reason all these companies fled in the first place — aren’t that much higher than overseas because the factories that survived the outsourcing wave have largely turned to automation and are employing far fewer workers.
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In 2012, the M.I.T. Forum for Supply Chain Innovation and the publication Supply Chain Digest conducted a joint survey of 340 of their members. The survey found that one-third of American companies with manufacturing overseas said they were considering moving some production to the United States, and about 15 percent of the respondents said they had already decided to do so.
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The iEconomy - Nissan's Move to U.S. Offers Lessons for Tech Industry - NYTimes.com - 0 views
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To train its new American engineers, Nissan flew workers to its Zama factory in eastern Japan. There the Nissan officials, assisted by English-speaking Japanese workers called “communication helpers,” imparted the intricacies of the company’s production techniques to the Americans.
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Early on, Nissan guarded against quality concerns by not relying on parts from American suppliers. Most components were either shipped from Japan or produced by Japanese companies that set up operations nearby.
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Gradually, American parts makers were allowed to bid on supply contracts. Even that came amid arm-twisting by Congress, which passed a law in 1992 requiring auto makers to inform consumers of the percentage of parts in United States-made cars that came from North America, Asia or elsewhere.
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Container handling, by trading area, 2012 | Hafen Hamburg - 2 views
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Container handling, by trading area, 2012
Aboard a Cargo Colossus - NYTimes.com - 1 views
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Aboard a Cargo Colossus
A European Energy Executive's Delicate Dance Over Ukraine - NYTimes.com - 0 views
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A European Energy Executive’s Delicate Dance Over Ukraine
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Major Western oil companies like BP and Exxon Mobil have extensive exploration deals in Russia that they fear could be jeopardized if the United States and European Union impose stiffer sanctions on the Putin regime.
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“This is by far the toughest time for European energy security that I have seen,” said Mr. Scaroni. “This issue might stop the supply of Russian gas.”
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Citi Cuts Costa Rica Growth Forecast After Firings - Bloomberg - 0 views
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Citi Cuts Costa Rica Growth Forecast After Firings
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Hours later, BofA said it would be exiting operations in Costa Rica, Guadalajara, Mexico and Taguig, Philippines, without saying how many jobs would be lost. Costa Rica’s foreign investment agency said the BofA move would result in 1,500 layoffs.
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“This is a strong call to the country to keeps tabs on things like the rising cost of electricity, telecommunications, wages and social guarantees.”
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Profits Vanish in Venezuela After Currency Devaluation - NYTimes.com - 0 views
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Profits Vanish in Venezuela After Currency Devaluation
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The country’s high inflation — currently around 60 percent a year — has also meant that the prices in bolívares that companies charge for many goods and services have risen sharply.
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Now companies are feeling the pain from a series of currency devaluations over the last year and a half. Photo
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Why Apple Got a 'Made in U.S.A.' Bug - NYTimes.com - 0 views
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Today, rising energy prices and a global market for computers are changing the way companies make their machines.
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Hewlett-Packard, which turns out over 50 million computers a year through its own plants and subcontractors, makes many of its larger desktop personal computers in such higher-cost areas as Indianapolis and Tokyo to save on fuel costs and to serve business buyers rapidly.
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“It’s important that they get an order in five days,
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