The privatization of Kingston Container Terminal should help revive transshipment, but the new operator will face competitive challenges
08 Apr 2015
CMA CGM has signed a 30-year operating concession for the Kingston Container Terminal, which it plans to use as a strategic Caribbean transshipment hub for an enlarged Panama Canal.
01 Apr 2015
2M Alliance partners Maersk Line and Mediterranean Shipping Co. have added a fourth westbound trans-Atlantic service as part of a global revamping of their east-west routes.
25 Mar 2015
Phil Peters, president of Cuba Research Center, a nonprofit organization in Alexandria, Virginia, says the U.S. and Cuba have been making progress in normalizing their diplomatic and trade ties, and overcoming political opposition within the United States to the Obama administration’s clear desire to end the U.S. trade embargo of Cuba.
17 Mar 2015
Three carrier alliances are launching Asia-U.S. East Coast services that will increase capacity on the route by 6 percent, according to industry analyst Alphaliner.
13 Feb 2015
President Obama’s proposal to restore U.S.-Cuba diplomatic trade relations has kindled interest in increased shipments between the nations, and is raising hopes among Gulf ports and shippers that a new market could develop almost in their front yard.
04 Feb 2015
U.S. agriculture and medical product shippers could gain a larger share of the Cuban market if a bill reintroduced by Rep. Charles Rangel, D-N.Y., is passed.
19 Dec 2014
Carriers announced general rate increases that span into February this week, as spot rates around the globe respond to mid-December rate hikes. Drewry Maritime Research’s World Container Index composite index, which measures 11 East-to-West trade lanes, jumped a cumulative 35.8 percent this week.
18 Dec 2014
U.S. Gulf and South Atlantic ports see the thawing of Cold War restrictions on United States trade with Cuba trade as a potential new market — or a revival of an old one.
18 Dec 2014
The limited exemption for exports, and possibly the 53-year-old embargo, may become a thing of the past if Obama gets his way. But ending the embargo would require congressional action, something that’s politically questionable.
28 Nov 2014
Multiple container lines have planned general rate increases in numerous trade lanes in November, December and January, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.