Central America

Central America

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.
Port of Mobile, Alabama.
26 Feb 2014
Containerized cargo at Gulf ports is benefiting from a north-to-south shift in U.S. population growth, growth in the region’s automotive and chemical industries and investment in container-handling facilities.
21 Feb 2014
The consortium building the new locks at the Panama Canal resumed work on the project on Thursday after a two-week suspension in a dispute over $1.6 billion in cost overruns.
20 Feb 2014
U.S. West Coast ports will lose some container volume to East and Gulf Coast ports once the Panama Canal is enlarged, but there is no need to panic as long as they remain reliable and efficient gateways for U.S. trade with Asia, Tioga Group principal Dan Smith said yesterday.
Panama Canal expansion project
20 Feb 2014
The settlement of the dispute over cost overruns between the Panama Canal Authority and the engineering consortium building its new set of larger locks leaves unanswered the questions of when the $5.25 billion expansion project will be completed and how much more it will cost in the end.
U.S. containerized imports through January 2014. Source: PIERS
18 Feb 2014
U.S. containerized import volume rose 6.2 percent year-over-year in January 2014, according to advance figures from PIERS, the data division of JOC Group Inc. Imports totaled 1.58 million TEUs in January. January imports were up roughly 10 percent from containerized volume in December.
Ocean Carrier Rate Revision Roundup
18 Feb 2014
Major carriers aim to hike rates in a variety of trade lanes in March, although any increases achieved could be temporary.
Ocean Carrier Rate Revision Roundup for Feb. 7
10 Feb 2014
Major container lines hope to increase rates in multiple trade lanes in March, April and May, although any hikes achieved could be fleeting.
05 Feb 2014
Work to expand the Panama Canal was suspended today following a breakdown in talks between the canal authority and the construction consortium to resolve a bitter dispute over more than $1 billion in cost overruns.
03 Feb 2014
SEA ISLAND, Ga. — A canal through Nicaragua connecting the Atlantic and Pacific oceans will cost double proponents’ estimate and will likely never be built, the No. 2 official at the Panama Canal said today.
CMA CGM container ship
03 Feb 2014
CMA CGM has upgraded its Oceania-U.S. service to a weekly frequency with the addition of a second string to its PAD service, which will take effect in the beginning of March.