Ocean Carrier Rate Revision Roundup for April 11
11 Apr 2014
Multiple carriers have planned rate increases in various trade lanes in April and May, although any gains achieved could be fleeting as overcapacity and lackluster global demand continues.
26 Jan 2014
India’s Port of Jawaharlal Nehru, which has been plagued by labor troubles in recent months, is bracing for yet another disruption to shipping as the port trust announced a nearly six-week partial shutdown of the port-run container terminal, beginning in mid-March, for harbor crane replacement.
20 Jan 2014
India’s merchandise exports in December rose 3.5 percent year-over-year to $26.35 billion, the lowest growth rate in six months.
Port of Hong Kong
15 Jan 2014
As part of a slot sharing agreement, seven container lines will cooperate on three existing Far East-to-Indian subcontinent services, effective in February 2014.
U.S. containerized imports through December 2013. Source: PIERS
13 Jan 2014
U.S. containerized import volume inched up 0.3 percent year-over-year in December, according to advance figures from PIERS...
12 Jan 2014
An Indian court has temporarily set aside a plan by the Chennai Port Authority to convert its existing bulk facility into a minor container terminal through a public-private partnership development scheme.
08 Jan 2014
The volume of export and import containers handled by major ports in India declined 4.15 percent year-over-year from April to December...
Ocean carrier rate revision roundup
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.
30 Dec 2013
Normal operations resumed on Dec. 25 at India’s Vallarpadam International Container Transshipment Terminal, a DP World facility in Cochin Port, following the end of a work stoppage action by harbor truck drivers.
30 Dec 2013
A consortium comprising DP World and Mumbai-based J.M. Baxi Group has been selected to build and operate a new container terminal at Visakhapatnam, a major state-owned cargo hub on India’s southeastern coast.
27 Dec 2013
India’s engineering exports to the U.S. tumbled nearly 10 percent year-over-year in the first eight months of the current fiscal year (2013-14), according to the Engineering Export Promotion Council of India.