A $400 million loan necessary to complete the $5.3 billion Panama Canal expansion project has been received by the engineering consortium responsible for widening the canal, according to the Panama Canal Authority’s lead administrator, Channel News Asia reported.
As the use of formalized alliances and vessel-sharing agreements accelerates, carriers’ core product ― moving containers from Point A to Point B ― becomes increasingly identical across alliance partners in major trade lanes.
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.
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.
In the article titled “MSC announces low-sulfur surcharges in North Europe, North America,” published on Sept. 15, a reference to low-sulfur fuel of 0.1 percent being cheaper than 1.0 percent fuel was incorrect.
Last winter’s harsh weather has caused a six-month delay in completion of a project to raise the Bayonne Bridge’s clearance to allow passage by larger container ships at the Port of New York and New Jersey.
Hong Kong’s container throughput in August slid into negative territory for the first time since February, down almost 3 percent year-over-year as the summer peak season momentum began to slow.
Norfolk Southern Railway told shippers not to expect service improvements until late November, as peak volumes and annual maintenance work blunt efforts to restore network velocity.
Advances in technology and shipper demand are leading trucking companies toward the 'connected enterprise' and closer ties to customer supply chains.
After only 100 days in office, it’s clear that India’s new prime minister, Narendra Modi, will make reducing port bottlenecks a priority.
Three major container lines have announced plans to launch a mega-alliance, dubbed Ocean Three, or as the JOC.com team likes to call it, O3.
Two Southern California politicians are asking the U.S. Army Corps of Engineers to hurry along repairs to the breakwater protecting the Port of Long Beach, two weeks after high winds and waves punched holes through the barrier.