The Ocean Three Alliance of CMA CGM, China Shipping and United Arab Shipping Co. has received U.S. regulatory clearance without the standard 45-day review by the Federal Maritime Commission, but Commissioner Richard Lidinsky isn’t happy about it.
Toy importers are feeling the impact of congestion and delays at the ports of Los Angeles and Long Beach.
A new, $54 million initiative in Singapore will research port management and urban congestion to help boost the country's port efficiency.
Europe’s top container hubs have slammed the European Union’s plan to focus investment on peripheral ports in a bid to shift traffic from the dominant Le Havre-Hamburg range to the Mediterranean.
Drewry’s benchmark spot rate from Hong Kong to Los Angeles rose as a result of a mid-October trans-Pacific general rate increase this week, though analysts with Drewry Maritime Research believe the eastbound spot rate will remain stable in the coming weeks.
The east-west ocean container trades will experience volatile spot freight rates through the end of 2015, according to Drewry Shipping Consultants.
India’s trade deficit widened to $14.25 billion in September, up from $10.84 billion in August and $6.12 billion in September 2013.
India’s Port of Visakhapatnam is likely to remain closed to vessel traffic for a few more days, after sustaining what local sources said was severe damage from Cyclone Hudhud’s winds and tidal surge on Oct. 12.
Asia’s transshipment hubs are under increasing pressure to achieve a sustained level of productivity as mega-vessels and the alliances drive up competition, TPM Asia Conference delegates heard today.
Reefer containers will form a huge part of the cargo carried on the New Silk Way rail network between China and Europe as shippers are forced to counter the extreme temperatures found on the route.
Growth expectations for the Asian middle class are staggering, but so is the scale of supply chain upgrades that will be needed to meet demand.
The completion of an on-dock rail facility at the Port of Miami will result in a large and rapid increase in the percent of the port’s overall volume that moves by rail, according to the head of a Florida railroad.