Given the slightly stronger-than-expected first half, and that economic conditions in the U.S. are improving, JOC Group Economist Mario Moreno is upgrading the 2014 imports projection to 6.7 percent annual growth, up from the March projection of 5.9 percent.
Last winter’s harsh weather has caused a six-month delay in completion of a project to raise the Bayonne Bridge’s clearance to allow passage by larger container ships at the Port of New York and New Jersey.
India’s merchandise exports in August rose 2.35 percent year-over-year to $26.95 billion, the lowest growth rate in five months.
Hapag-Lloyd and APL increase congestion surcharges for cargo moving through Jawaharlal Nehru (Nhava Sheva) and Pipavav to offset costs associated with worsening delays in intermodal connections to Delhi
Container ship owner-charterer Seaspan Corp. is considering an acquisition of Greater China Intermodal Investments, the Carlyle Group investment vehicle with which Seaspan partnered in 2011 to purchase new ships.
The sale of investment certificates for the Suez Canal expansion project has netted Egypt $8.5 billion to fund upgrades to one of the country’s largest and most lucrative economic ventures.
In the article titled “MSC announces low-sulfur surcharges in North Europe, North America,” published on Sept. 15, a reference to low-sulfur fuel of 0.1 percent being cheaper than 1.0 percent fuel was incorrect.
Hong Kong’s container throughput in August slid into negative territory for the first time since February, down almost 3 percent year-over-year as the summer peak season momentum began to slow.
Norfolk Southern Railway told shippers not to expect service improvements until late November, as peak volumes and annual maintenance work blunt efforts to restore network velocity.
Advances in technology and shipper demand are leading trucking companies toward the 'connected enterprise' and closer ties to customer supply chains.
After only 100 days in office, it’s clear that India’s new prime minister, Narendra Modi, will make reducing port bottlenecks a priority.
Three major container lines have announced plans to launch a mega-alliance, dubbed Ocean Three, or as the JOC.com team likes to call it, O3.