An influx of freight and higher rates is boosting third-quarter profitability at YRC Worldwide, the company said Tuesday.
China’s top port operator and an engineering group will invest $601 million in a container terminal at Sri Lanka’s Hambantota port, as China seeks to deepen its ties with the strategically placed Indian Ocean island.
With the odds growing that a global ballast water treaty will come into force next year, concern is building among shipowners, including container carriers, that its implementation will be chaotic, expensive and ineffective.
The state of Hawaii plans to build a new $266 million container terminal in Honolulu to cater to anticipated higher levels of cargo volumes in coming decades, according to West Hawaii Today.
The number of ships quarantined in Los Angeles by Asian Gypsy Moth infestations has risen to 15 as inspectors battle to keep the invasive species from making its way into North America.
CMA CGM has upgraded its Amerigo service between the U.S. and the Mediterranean with the addition of a new call in Miami.
Robert Ward, a shipping and transportation journalist with more than 20 years of experience, has recently begun reporting for JOC Group Inc.’s print and online products.
The newly appointed head of international trade at U.S. Customs and Border Protection said she wants to streamline regulation, make better use of data and improve employees’ analytical skills to improve cargo trade facilitation. As a result, the agency will be able to better focus its attention on high-risk cargo, giving safe shipments faster clearance.
The Philadelphia Regional Port Authority is seeking “expressions of interest” from potential developers of Southport, a 200-acre Delaware River waterfront site where a container terminal had been planned.
India plans nearly a 50 percent increase in port fees including stevedoring and pilotage at Chennai to improve the port's financial performance
The cost of shipping a 40-foot container from Hong Kong to Los Angeles declined this week, with rates losing all gains brought on by a Sept. 1 general rate increase.
Low prices invariably generate increased demand, so exports of corn, soybeans and energy products derived from those commodities will do quite well in the coming year and beyond, said David Hightower, principal at Hightower Associates in Chicago and publisher of the Hightower Report on commodities.
The northern Chile port of Iquique plans an $80 million expansion.