Summit Notebook

AUDIO-Pirate Avoidance 101

February 24, 2009

The best way to avoid pirates on the open seas? Outrun them, said Seaspan CEO Gerry Wang, speaking to the Reuters Manufacturing and Transportation Summit on Tuesday.

AUDIO – For the automakers — No Chapter 11, please

February 23, 2009

The plans are in.

Now comes the waiting, which, as Tom Petty can tell you, is the hardest part.

Now that General Motors Corp and Chrysler LLC have filed their plans of reorganization to the U.S. government and have started what looks like a long and not-painless process to make themselves smaller, more profitable and better suited to the current U.S. demand for new cars.

AUDIO – More money, more money, more money…

February 23, 2009

The U.S. government is spending a LOT of money these days.

We generally don’t go for the all-CAPS version of words, but in this case, it seemed appropriate. Every day we’re seeing new multibillion-dollar programs being rolled out of Washington, D.C. for everything from bank bailouts to auto companies programs.

AUDIO-As bad as last time? Yup.

February 23, 2009

Trying to game this current recession has been a tricky — and so far, a largely unsuccessful — venture.

Welcome to the 2009 Manufacturing and Transportation Summit

By Reuters Staff
February 23, 2009

It isn’t easy being a manufacturing CEO these days.  
   

Industrial production has plummeted around the world, falling commodity prices are hurting sales of equipment used in mining and oil and gas exploration, and even once-robust emerging markets like China are feeling the squeeze from the recession in developed markets. Another key market, construction, is in its worst decline in generations. 
   

Video – Building for the future

February 23, 2009

The U.S. is expected to spend an extra $28 billion to upgrade the nation’s bridges and roads and one manufacturer is hopeful some of those dollars will flow their way.

Note to Jack Sparrow: Don’t Mess with Seaspan

February 28, 2008

seaspan-photo.jpgThe giant container ships that have come to all but define globalization can be as long as three-and-a-half soccer fields (and roughly that long in terms of football pitches if you’re reading this outside the United States).

Audio – Consolidating the shippers

February 27, 2008

wang1.jpgThe credit crunch that’s curtailing access to funding for many companies may lead to consolidation among companies that own and operate shipping lines.