Industry Insights

U.S. Ports Warn that Tax Bill May Raise Project Costs

U.S. Ports Warn that Tax Bill May Raise Project Costs

The American Association of Port Authorities is concerned that Congress’ ongoing tax reform plans could have a negative effect on financing for port infrastructure projects. At present, the “private activity bonds” (PABs) that states issue to raise private funds for certain types of infrastructure are exempt from federal taxes. The House version of the Republican tax reform package – which was approved by the full House this week – would eliminate this exemption, which currently covers about $20 billion in bond financing for local projects ranging from schools to wastewater systems to wharf improvements. The Senate version of the bill would eliminate the tax exemption for advance refunding of government bonds, which would impact the bonds’ beneficial savings.

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Shipping Confidence Hits Three-Year High

Shipping Confidence Hits Three-Year High

Shipping confidence reached its equal highest rating in the past three years during March to May this year, according to the latest Shipping Confidence Survey from shipping adviser Moore Stephens. 

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SCA names Ulf Larsson as new President and CEO

SCA names Ulf Larsson as new President and CEO

As a final step in the split of the SCA Group into two listed companies, the Board has today – in connection with Magnus Groth being relieved of his duties as President and CEO – appointed Ulf Larsson as President and CEO of SCA. Magnus Groth has been appointed President and CEO of Essity Aktiebolag (publ), which has today been admitted for trading on Nasdaq Stockholm.

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Why has Shipping got it so Wrong?

Why has Shipping got it so Wrong?

The arrival of spring brought fresh bloom on the trees and flowers on the plants, but there is no spring in the step of the shipping industry as it moves into another slow summer.

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Registration Opens for RISI’s International Containerboard Conference – Latin America

Registration Opens for RISI’s International Containerboard Conference – Latin America

Registration has opened for the International Containerboard Conference – Latin America presented by RISI, the leading information provider for the global forest products industry. The conference will take place November 8-10, 2017 in Miami, Florida with a kickoff cocktail reception on November 8th followed by a day and a half full of key regional topics. Presentations will explore growth prospects, cost reduction strategies, changing quality requirements, market consolidation and more in containerboard and corrugated markets.

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