A $400 million loan necessary to complete the $5.3 billion Panama Canal expansion project has been received by the engineering consortium responsible for widening the canal, according to the Panama Canal Authority’s lead administrator, Channel News Asia reported.
27 Jan 2014
Major container lines hope to increase rates in multiple trade lanes in February, March and April, although any hikes achieved may be temporary.
21 Jan 2014
The deputy administrator of the Panama Canal Authority on Tuesday said the $5.25 billion expansion of the Panama Canal will meet the target date of mid-2015.
16 Jan 2014
The Panama Canal, following a widely reported payments dispute with contractors that threatens to delay its expansion, went on the counteroffensive this week with a new website designed to provide “Clarification of the most common doubts about the Expansion.”
15 Jan 2014
U.S. trade with Latin America is poised to expand in the coming years, which highlights the need to accelerate port and infrastructure development in the region.
14 Jan 2014
U.S. red meat exports were “solid” in November as beef sales set a new value record and pork exports posted their strongest month year-to-date...
13 Jan 2014
As Maersk Line creates a new container shipping division to cater to the north-south trades in Latin America, NVOCCs are also ramping up investments in the growing region.
10 Jan 2014
Major container lines hope to implement rate increases in a variety of trades in January and February, despite signs that any hikes achieved may be fleeting.
08 Jan 2014
When Maersk Line relaunches the SeaLand brand in the Americas trade next year, it will undoubtedly shake up a north-south trade with some of the fastest-growing markets. This infographic provides a look at the trends in the U.S. trade with the Americas over the last five years.
08 Jan 2014
The Panama Canal Authority said Wednesday it could not negotiate over a new proposal by the consortium that is building its new locks to keep construction work going in the face of its threat to stop work in a dispute over the contractor’s claims for cost overruns.
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.