Officials at the Panama Canal say an “unusual” backlog of vessels on either side of the waterway is likely due to the lingering effects of U.S. West Coast port congestion more than a month after acrimonious labor disputes there came to a close.
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.
19 Dec 2014
APM Terminals will start construction of a new container terminal in Costa Rica next eyar after scaling the final hurdle facing the long-delayed $1 billion project.
16 Dec 2014
The installation of new gates at a Panama Canal expansion site will bring the project to 84 percent of completion ahead of an estimated early 2016 opening date, the canal authority says.
10 Dec 2014
Hapag-Lloyd and CSAV will launch new joint services between March and June, the carriers said today after unveiling new-and-improved service loops.
29 Nov 2014
For the fourth straight week, JOC.com readers were voracious for LA-LB congestion coverage, but as port woes continue, delays on the West Coast are beginning to trickle down the supply chain. Nine of JOC's top 10 stories for the week concerned port congestion, with the exception one story on the Nicaragua canal.
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.
25 Nov 2014
The International Transport Workers' Federation is battling with the Panama Canal Authority, accusing the PCA of trying to shut down a tugboat captains' union in advance of the canal's expansion.
21 Nov 2014
Construction on the controversial Nicaragua canal linking the Atlantic and Pacific oceans will begin on Dec. 22 on the Pacific side, according to the government officials.
21 Nov 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.
16 Nov 2014
The Panamanian government is keen to convince global terminal operator DP World to expand its footprint and help the country become an even larger transhipment hub when the expanded Panama Canal opens in early 2016.