The World Trade Organization’s trade measures approved this week in a historic agreement could cut the cost of trade by up to 15 percent, boost the global flow of goods, accelerate economic growth and add up to 20 million new jobs, most of them in developing nations.
United Arab Shipping Company (UASC) today named the industry’s first ever LNG-ready ultra large container vessel at Ulsan in Korea, with Sajir becoming the first of 17 vessels ordered by the carrier.
There will be no speedy solution to the congestion that is creating bottlenecks at ports around the world as terminals battle to cope with growing trade and surges in container volume.
The value of U.S. trade with Mexico and Canada increased by $7.8 billion in September, exceeding $100 billion for the seventh straight month as manufacturing activity and freight shipping in all three North American Free Trade Agreement partners expanded.
Hamburg increased container traffic by 6.4 percent in the first three quarters, closing the gap with Rotterdam, the European market leader, and stretching its lead over third-ranked Antwerp.
Clarksons, the world’s largest shipbroker, is paying £281.2 million [US $440 million] for its Oslo-based rival RS Platou, in a record deal likely to accelerate consolidation in the sector.
Shippers face another round of woes even after their stalled containers move from congested Los Angeles-Long Beach via intermodal rail to Chicago.
The International Transport Workers' Federation is battling with the Panama Canal Authority, accusing the PCA of trying to shut down a tugboat captains' union in advance of the canal's expansion.
A tentative U.S.-Mexico aviation pact would expand air cargo services linking the North American trading partners, but the biggest benefits may go to global shippers.
The rapid expansion of China’s largest courier SF Express both internationally and across domestic cities over the past two years has been stunning, yet the growth of e-commerce in its home market is always one step ahead.
WASHINGTON D.C. — The U.S. port industry’s celebration earlier this year for pressuring Congress to pass legislation aimed at boosting federal funding on a set schedule for the next decade may be short-lived.
West Africa trade still points to a region with growth potential, despite a nearly 30 percent drop in exports caused by the Ebola outbreak, Drewry and carrier executives say.
Trailer orders in the U.S. hit an all-time high in October, exceeding the earlier mark by nearly 9 percent, FTR Associates says.