In a familiar turn, Brazil’s effort to attract 10 billion reais ($3.23 billion) of investment for its port sector in recent weeks took two steps forward and one step back.
Shanghai will allow foreign shipping companies registered with the city’s free-trade zone to offer coastal services, the latest sign of the Chinese government effort to reform its state-dominated shipping sector.
In a significant infrastructure investment push, the government of India has approved new cost estimates for its long-planned eastern and western dedicated freight corridor projects, designed to upgrade intermodal connectivity between hinterlands and gateway ports in the country.
An inspection by Vietnam’s Ministry of Finance has found that many of the scores of surcharges imposed on customers by 20 foreign shipping lines were unclear and unreasonably high.
The transportation focus of China’s One Belt One Road strategy has so far been on improving maritime and rail links with Europe, Asia and Africa, but Beijing this week brought aviation into the picture, and in a big way.
Independent truckers at the Port of New Orleans have agreed to end three days of demonstrations, a port official said. The drivers had been protesting slow turn times and unpaid repositioning of damaged containers.
SkyBitz joins competitors such as Orbcomm, Omnitracs and PeopleNet that are acquiring smaller businesses to expand their telematics offerings.
Hapag-Lloyd is raising rates on the East Coast of South America to Central and North America trade lane amid a recent shakeup in vessel-sharing agreement.
The U.S. Senate Wednesday voted to renew trade promotion authority for the first time in nearly eight years, setting the stage for the a Pacific Rim partnership that some have heralded as the largest trade pact in history.
In September, dockside construction will begin on a new deep-sea port with a capacity of 1.45 million 20-foot-equivalent units, amid sanctions and a collapse in the price of oil that have pulled down St. Petersburg’s container volume.