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.
05 Mar 2014
Global terminal operator DP World on March 5 broke ground on its second container terminal at the Port of Jawaharlal Nehru (Nhava Sheva), India’s largest box gateway.
From left: Matt Priest, Footwear Distributors and Retailers of America; Chris Brooks, JOC Group; Foster Finley, Managing Director, Alix Partners; Julia K. Hughes, United States Fashion Industry Association; Alan P. Kaufman, Toy Industry Association.
04 Mar 2014
LONG BEACH, Cal.--The U.S. is becoming an increasingly attractive place to source manufacturing production, putting it on a par with Mexico as the preferred near-sourcing location, according to the latest AlixPartners Manufacturing Sourcing Outlook.
Ocean Carrier Rate Revision Roundup for Feb. 28
28 Feb 2014
Multiple container lines hope to increase rates in a variety of trade lanes from March through June, although any hikes achieved could be fleeting...
27 Feb 2014
Global port-terminal operator PSA International has been selected to build and operate the long-delayed fourth container terminal at Jawaharlal Nehru Port, India’s largest container hub, through a public-private partnership development scheme.
24 Feb 2014
CMA CGM has launched the Equatorial Guinea Express, a weekly, direct service from Tanger-Med to the ports of Bata and Malabo in Equatorial Guinea.
21 Feb 2014
PSA International is set to win the public-private partnership contract to build and operate a fourth container terminal at India’s Port of Jawaharlal Nehru (Nhava Sheva), two years after the Singapore-based company pulled a winning bid for the planned terminal over differences with its local partner.
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.
16 Feb 2014
Singapore-based Bengal Tiger Line has introduced a new container feeder service linking Krishnapatnam Port, India, with Colombo, Sri Lanka, effective this month.
13 Feb 2014
Harbor truck drivers returned to their jobs on Feb. 12 after a four-day strike at the Vallarpadam International Container Transshipment Terminal, a DP World facility in India’s Port of Cochin.
12 Feb 2014
The e-commerce division of India’s leading express distribution and supply chain solutions group grew at a rapid rate in the latter half of 2013...