U.S. Gulf and South Atlantic ports see the thawing of Cold War restrictions on United States trade with Cuba trade as a potential new market — or a revival of an old one.
Although carrier reliability globally in November was the best so far this year, carriers operating on the trans-Pacific eastbound lane saw reliability worsen, as timeliness sank to 53.6 percent for the month, new data from SeaIntel shows.
Africa’s inland freight network is so troubled that it costs roughly seven times more to ship a container from Mombasa, Kenya, to Burundi, in central Africa, than to ship a container from Shanghai to the major Kenyan gateway, an APM Terminal executive said.
India’s trade deficit in November rose to its highest level since May 2013, as industrial and capital goods imports accelerated amid signs of a budding recovery in the country’s manufacturing sector.
A preliminary reading of an index shows Chinese manufacturing activity in December shrank for the first time since May, the latest sign of weakening European and broader global demand.
The 25 largest container lines had estimated net losses totaling $2.6 billion in 2009-2013 and had an operating margin of 1.6 percent during that span, Dutch consulting and research firm Dynamar said in a report.
Indonesia’s marine-highway program — a bold $55.4 billion plan to develop 24 commercial seaports, over a thousand non-commercial seaports and procure vessels — is facing a revision as some ports in the proposal may not be suitable for handling containers.
U.S. intermodal trains on average are moving faster, but they still have a ways to go before delivering the level of service shippers had come to expect before last winter.
Mediterranean Shipping Co. is already the largest carrier of U.S. containerized exports and the largest overall carrier in the U.S. market. Now it’s about to add the title of largest carrier in the import market, solidifying its dominance of the U.S. market.
With the acquisition of GENCO, everything old is new again for FedEx — or at least resellable.
The German government has drawn up a draft law to curb the power of small but powerful niche labour unions than have mounted frequent strikes, mainly in the transport sector, paralyzing the nation’s economy throughout this year.
The price per metric ton for both low and high sulfur fuel dropped almost 10 percent during the week of Dec. 12, the second consecutive week of large losses.
Malaysia’s port of Tanjung Pelepas (PTP) passed the 8 million 20-foot container mark at the beginning of December, although with less than a month left and volumes slowing down, the 2014 throughput target of 9 million TEUs looks well out of reach.