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Maine International Trade Center announced today the seven Maine companies with innovative products that have been selected for this year's New Products Global Showcase.
Recently, I traveled to Taipei on behalf of York-based Maine Coast, one of the largest exporters of lobster in the United States. We concentrate on both North American and overseas markets. I joined the Maine Coast team in June 2018.
The Eastport Port Authority is exploring opportunities for new shipments out of the city's port, including a range of forest products.
Jon Nass, CEO of the Maine Port Authority, has been elected to the board of directors of the International Association of Maritime and Port Professionals.
Auburn Manufacturing, Luke's Lobster Seafood Co. and Thornton Academy are among the 2019 International Trade and Investment Awards honorees, unveiled by the Maine International Trade Center on Tuesday.
The Warren-based contractor is expanding its trade scholarship program to two $1,000 prizes this year.
Jonathan Nass, CEO of the Maine Port Authority, on Wednesday urged Maine businesses to consider shipping from Portland if they're not already doing so amid an international trade boom and “serious talks” about starting short-sea shipping to New York.
Rising Tide Brewing Co. and other brewers are forging a new market overseas, thanks in part to Maine Brewers' Guild's “Maine Beer Box” international marketing efforts.
Maine's lobster harvesters had a strong year in 2018, landing 119.64 million pounds. That was an increase of nearly 8 million pounds over 2017's figure of 111.9 million pounds, according to a Department of Marine Resources news release.
Cooke Inc., an aquaculture company based in New Brunswick that has salmon farms and hatcheries in Maine, has acquired Seajoy Seafood Corp. group, one of the largest vertically integrated premium shrimp farms in Latin America.
The first use of the Port of Eastport's bulk conveyor system is expected this spring.
Last year was fraught with challenges for any company involved in international trade.
C&L Aerospace, part of Bangor-based C&L Aviation Group, announced today it is opening a satellite office in Singapore to serve commercial and regional airline customers in Asia.
Six years after Eimskip moved its U.S. headquarters to Portland, another company doing business between Iceland and North America aims to make its mark in Maine's largest city. The future newcomer is Isafold, a newly established subsidiary of North
The launch of two new tenders for a superyacht under construction in Germany signals a thriving niche market — although one facing increasing competition — for the Damariscotta superyacht tender division of Hodgdon Yachts.
A new international consortium of universities and businesses could expand economic and educational ties between Maine and countries such as Iceland and Norway.
Maine's congressional delegation announced Tuesday that Flemish Master Weavers, with 130 employees working at its 210,000-square-foot plant in Sanford, prevailed in its application for an exemption from a tariff on yarn it uses to manufacture area
U.S. Sens. Susan Collins, R-Maine, and Angus King, I-Maine, have joined a bipartisan group of senators in introducing the “Agricultural Export Expansion Act of 2019,” legislation to remove a major hurdle for American farmers and ranchers aiming to sell American agricultural products in the Cuban market. The bipartisan bill would support jobs in Maine and throughout the country by lifting restrictions on private financing for U.S. agricultural exports to Cuba.
Collins and King noted in a recent news release that the 2018 Farm Bill took steps to help American agriculture access the Cuban market by allowing funding for U.S. Department of Agriculture export promotion programs for U.S. agricultural products to be used in Cuba. However, they said, the biggest barrier for producers as they seek access to Cuba is the Trade Sanctions and Reform Act’s prohibition on providing private credit for those exports, which forces Cubans to pay with cash up-front for American-grown food. As a result, American farm goods have become less competitive, and Cuba has turned to other countries that are able to extend credit directly to Cuban buyers for transactions.
The proposed bill would amend the Trade Sanctions and Reform Act to allow for private financing of agricultural exports and level the playing field for American farmers competing in the global market.
Noting that farming continues to be a major economic driver of Maine’s rural communities, Collins and King said the legislation would “open up a significant new export opportunity, without costing the government any money or risking any taxpayer dollars.”