Elie Zakhour, chairman of the International Chamber of Navigation of Beirut, says the city should partner with a private firm to rebuild the port in a "build, operate, transfer" model. "Certainly, if the government adopts the BOT system for the reconstruction of the old port, China will participate in the bid, particularly since it has successfully operated several ports in the world through this system," he said.
On Saturday, Dubai opened five bridges spanning a total of 2,571 meters to the Deira Islands, a series of four man-made islands. The bridges, which are connected to a bridge crossing over the Dubai Water Canal, are parts of the Roads and Transport Authority's multiphase Shindagha Corridor project.
Sharjah, UAE, is building the $544.5 million Sharjah Sustainable City as a mixed-use development with a low carbon footprint. The city will also use solar panels for energy, and institute recycling of waste.
The US Postal Service reported a net loss of $2.2 billion in its fiscal third quarter, although shipping and package revenue was up 53.6% compared with the same period last year. Postmaster General Louis DeJoy attributed the loss to declining mail volumes and costs associated with the pandemic and said he plans to restructure operating units to boost efficiency and attract new revenue.
Global supply chains already unsettled by the pandemic are now grappling with "secondary disruptions" tied to issues such as cargo theft, child labor and greater migration, according to the latest BSI Group quarterly threat review. Jim Yarbrough, BSI's global intelligence program manager, said these new threats highlight the necessity of planning for business continuity.
UPS will charge large shippers additional fees this holiday shopping season to help cover the costs from the expected surge in e-commerce. The company said it expects to charge up to $3 more for ground shipments and $4 more for residential deliveries via air.
Rising sea levels will affect not only the seaside in California's Bay Area but also areas as far as 20 miles or more inland as motorists seek drier travel routes and back up traffic, according to a computational model by Stanford University researchers. The congestion is expected to add as much as 30 minutes to travel times.
The massive explosion at a port warehouse in Beirut on Tuesday caused at least 135 deaths and 5,000 injuries. The city has declared a state of emergency, and authorities have detained 16 people as part of the investigation into the blast.
Keurig Dr Pepper was prepared for coronavirus pandemic-related changes in consumer behavior due to its ability to track data in real time, said Ozan Dokmecioglu, chief financial officer. Information from Wi-Fi-connected Keurig machines told the company coffee consumption was surging at-home, while distribution channel data helped the company prepare for the aluminum can shortage, according to Dokmecioglu.