Canadian containerized imports are slated to rise 4 percent this year compared to last year, according to World Trade Services, a sister product of JOC.com within IHS Maritime & Trade.
Trucking and logistics giant Transport Corporation of India said across-the-board gains in freight volumes helped drive consolidated net income up 13.6 percent year-over-year in fiscal year 2014-15, which ended March 31.
The idle container fleet shrank slightly to 101 vessels with a total capacity of 323,000 20-foot-equivalent units on May 18 from 106 ships aggregating 348,000 TEUs two weeks earlier, according to Alphaliner.
Two decades after the enactment of NAFTA, the debate over free trade has again risen to the top of the U.S. political agenda. This time, the controversy rages around the looming Trans-Pacific Partnership, a 12-nation trade bloc that would unite the U.S. and 11 other Pacific Rim countries in a wide-ranging pact that would establish new rules for international trade, intellectual property and foreign investment.
Krishnapatnam Port Container Terminal, an emerging alternative gateway on India’s southeastern coast, last week celebrated the first vessel call of the Chennai-Colombo-Gulf (CCG) service, a weekly intra-regional loop operated jointly by Simatech Shipping and Evergreen Line
Merchandise trade between Japan and the United States is expanding at a breakneck pace, as Japan’s exports and imports both charged ahead by more than 20 percent for the second straight month in April on a year-over-year basis.
Container shipping lines are enjoying strong westbound traffic growth to South Asia and the Middle East, giving carriers a ray of hope at a time when the shared trunk services from Asia to Europe are struggling, Drewry reported.
The West Coast contract agreement that was ratified Friday by the membership of the International Longshore and Warehouse Union, while applauded by cargo interests, carriers, ports and truckers, and rightfully so, will have a limited impact on West Coast port productivity and labor relations.
A long-awaited Pacific trade deal between the U.S. and other Pacific Ring nations cleared another hurdle Friday evening. In a 61-38 vote, the U.S. Senate passed legislation to renew trade promotion authority for the country’s president.
The membership of the International Longshore and Warehouse Union Friday voted overwhelmingly to approve a new contract that should ensure labor peace at West Coast ports for at least the next four years.