When the Nicaraguan government earlier this month approved plans by a Hong Kong-based company to build a canal linking the Pacific with the Caribbean and thus the Atlantic, observers in the maritime industry were largely left scratching their heads.
08 Jan 2014
Maersk Line is reviving the SeaLand name it acquired in 1999 to rebrand the regional intra-Americas services in a new container-shipping company it plans to launch early next year.
07 Jan 2014
The Panama Canal Authority on Tuesday has made an offer to resolve its dispute with the contracting consortium that is threatening to suspend construction work on its new locks.
05 Jan 2014
The Panama Canal Authority said Sunday that its analysis of the claims for $1.6 billion in cost overruns by the consortiu
03 Jan 2014
Spain’s public works minister and the chairman of Spanish builder Sacyr will visit Panama this weekend to help resolve a $1.6 billion dispute that is threatening to...
02 Jan 2014
The Panama Canal Authority has a contingency plan to fall back on if it cannot resolve its dispute on cost overruns with the engineering consortium that is building its new locks.
02 Jan 2014
The Panama Canal Authority said Thursday it will not bow to pressure by the lead contractor in the engineering consortium that is building its new locks to recover an estimated $1.6 billion in cost overruns that are not covered by the terms of its contract.
31 Dec 2013
Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in January and February.
24 Dec 2013
U.S. apparel imports in the third quarter of 2013 tumbled 17.7 percent year-over-year to 181,126 20-foot-equivalent units, the industry’s steepest decline since 2007.
20 Dec 2013
The International Air Transport Association has forecast that international freight volumes will jump 17 percent over the next five years.
16 Dec 2013
Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in December and January.