In a sharp turnaround from previously proposed rules, forwarders and non-vessel-operating common carriers in the U.S. wouldn’t have to post larger bonds under the Federal Maritime Commission’s revised ocean transportation intermediary rule overhaul proposals.
Given the slightly stronger-than-expected first half, and that economic conditions in the U.S. are improving, JOC Group Economist Mario Moreno is upgrading the 2014 imports projection to 6.7 percent annual growth, up from the March projection of 5.9 percent.
Unlike several major North American ports this year, the Port of Savannah hasn’t seen the type of debilitating congestion that has hurt other import gateways.
Container handling rose nearly 2 percent in August at the world’s largest transshipment hub, the Port of Singapore.
The tit for tat imposition of embargoes between Russia and the West has opened the door for Brazil beef exporters to significantly expand shipments to Russia in recent months, with greater growth likely in 2015
Research firm Gartner identified 15 European companies with the best performing supply chains, based on metrics including inventory turns, return on assets and revenue.
Global Ports, Russia’s largest container terminal operator, reported a jump of 30 percent in profit for the first half of 2014, as favorable ruble-dollar exchange rate movements offset a drop in cargo volumes.
India’s merchandise exports in August rose 2.35 percent year-over-year to $26.95 billion, the lowest growth rate in five months.
Hapag-Lloyd and APL increase congestion surcharges for cargo moving through Jawaharlal Nehru (Nhava Sheva) and Pipavav to offset costs associated with worsening delays in intermodal connections to Delhi
Container ship owner-charterer Seaspan Corp. is considering an acquisition of Greater China Intermodal Investments, the Carlyle Group investment vehicle with which Seaspan partnered in 2011 to purchase new ships.
Container volumes at the Los Angeles-Long Beach port complex were basically flat in August compared to last year as importers diverted cargo to Canadian ports and U.S. East Coast ports to avoid possible disruptions from West Coast longshore contract negotiations.
The sale of investment certificates for the Suez Canal expansion project has netted Egypt $8.5 billion to fund upgrades to one of the country’s largest and most lucrative economic ventures.
Rail service problems are starting to hurt truckers with intermodal operations, especially those such that move refrigerated goods, a transportation analyst says.