The Manila truck ban that was imposed by the city in February and led to the worst congestion the port has experienced, created food shortages and pushed up prices of consumer goods has been lifted.
China Cosco Holdings will splash out $618million on five 14,500 TEU vessels that will be built by CSSC’s Jiangnan Changxing Shipbuilding yard as the mainland’s largest carrier continues to upgrade its fleet in an attempt to arrest declining profitability.
U.S. containerized exports will grow in the next five years on the back of a strong construction demand around the globe, JOC Group Economist Mario Moreno says.
The global carrying capacity of container ships will grow by just shy of 5 million TEUs by the end of 2016, but the trend towards ordering larger ships means the number of vessels will not grow significantly, according to a Deutsche Bank shipping report.
The Port of Charleston’s strong container traffic in August has furthered its strategy for above-market growth, although the outlook for the rest of the year is not quite so bright.
U.S. Agriculture Secretary Thomas Vilsack urged Warren Buffett last week to ensure that his BNSF Railway will be prepared to deliver a potential record U.S. corn and soybean harvest this year, the latest sign of political pressure on the rail industry to improve poor service.
The state of Hawaii plans to build a new $266 million container terminal in Honolulu to cater to anticipated higher levels of cargo volumes in coming decades, according to West Hawaii Today.
The number of ships quarantined in Los Angeles by Asian Gypsy Moth infestations has risen to 15 as inspectors battle to keep the invasive species from making its way into North America.
CMA CGM has upgraded its Amerigo service between the U.S. and the Mediterranean with the addition of a new call in Miami.
Robert Ward, a shipping and transportation journalist with more than 20 years of experience, has recently begun reporting for JOC Group Inc.’s print and online products.
The newly appointed head of international trade at U.S. Customs and Border Protection said she wants to streamline regulation, make better use of data and improve employees’ analytical skills to improve cargo trade facilitation. As a result, the agency will be able to better focus its attention on high-risk cargo, giving safe shipments faster clearance.
The Philadelphia Regional Port Authority is seeking “expressions of interest” from potential developers of Southport, a 200-acre Delaware River waterfront site where a container terminal had been planned.
India plans nearly a 50 percent increase in port fees including stevedoring and pilotage at Chennai to improve the port's financial performance