Asia

Asia

25 Oct 2014
Maersk line on Friday doubled its congestion surcharge for shipments from the U.S.
Nicaragua canal
20 Oct 2014
The HK Nicaragua Canal Development Investment Co. estimates it can complete a Nicaragua canal in five years at a cost of $40 billion, but more realistically, it will cost at least twice that amount and take 10 or more years to build the 173-mile-long waterway.
The Cat Lai Terminal within the port of Ho Chi Minh City, Vietnam.
19 Oct 2014
Severe port congestion at the Philippines’ port of Manila in recent months resulted in average vessel delays of more than five days, according to a recent report from CargoSmart.
Containerized ocean imports to the U.S. surged 19.3 percent year-over-year in September, while containerized ocean exports from the U.S. slumped 13.0 percent.
19 Oct 2014
U.S. imports of ocean containers reached a record high in September, as retailers expect a robust holiday season, but exports continued to decline from soft global demand, making 2014 so far the worst year for container exports in the past four years.
Weekly wrap-up: Port delays, Teamsters and TPM Asia
18 Oct 2014
Coverage on congestion at the Los Angeles-Long Beach port complex continued to interest JOC.com readers this past week, as what could be the worst gridlock to hit the largest port complex in the Americas continues.
17 Oct 2014
The Port of Hong Kong has seen year-over-year container volume growth decelerate for three consecutive months.
Ocean carrier rate revision roundup for Oct. 17
17 Oct 2014
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
17 Oct 2014
Spot freight rates on the Far East-North Europe route have sunk to $705 per 20-foot container, down $33 on the previous week to a new low for the year.
17 Oct 2014
The Far East-U.S. East Coast container trade is shaping up as the potential “battlefield” of the future as an enlarged Panama Canal allows carriers to cascade larger ships from the Far East-Europe trade, according to Bimco.
17 Oct 2014
India’s Port of Visakhapatnam reopened to marine traffic today, five days after Cyclone Hudhud’s devastation at the state-owned port complex.
16 Oct 2014
Home furnishing giant IKEA has expanded its business with logistics property developer Goodman Group into China, signing a lease for 11,000 square meters of warehousing space in the inland Chinese city of Chengdu.