All but one of Japan’s five biggest ports saw their international container traffic shrink in the first half of this year amid growing economic uncertainty both at home and abroad.
Santos Brasil by 2047 plans to invest $324.4 million to allow the Tecon Santos terminal to handle larger ships and boost capacity by one-fifth after South America’s biggest container terminal operator received a 25-year concession extension at the busiest container gateway in Latin America.
TNT Express said its third-quarter operating profit will be “materially lower” than last year due to economic volatility in China, Brazil and Australia.
Poste Italiane, Italy’s state-owned postal company is expected to start selling shares in its initial public offering next week and make its debut on the Milan stock exchange at the end of October or early November.
Adani Ports and Special Economic Zone, which operates India’s biggest non-government port complex at Mundra, is rapidly expanding its container-handling footprint to create a pan-India terminal network.
A container booking system has gone live at Manila International Container Terminal in what port operator International Container Terminal Services Inc. believes will avoid a repeat of the chronic congestion that brought operations to a standstill for most of 2014.
A small port in Maine is enjoying a renaissance thanks to lobsters, L.L. Bean and Eimskip, the Icelandic container line that specializes in the refrigerated trade.
Factories across China are closed for the Golden Week holidays, but a few days of limited container volumes through mainland ports are little compared to a year of surplus capacity and record low freight rates.
When the expanded Panama Canal debuts, assumedly by mid-2016, not all Caribbean transshipment hubs will be in the same position to accommodate larger vessels, and none may be as disadvantaged as Kingston Container Terminal.
Europe’s ongoing refugee crisis was impacting the movement of cargo across the busy region, according to the International Air Cargo Association secretary general Doug Brittin.