Indonesia’s largest port operator Pelabuhan Indonesia II (IPC) will partner with PSA International, Japanese investment company Mitsui & Co. and NYK Line to construct and operate a container terminal at Jakarta’s Tanjung Priok port.
16 Dec 2014
Indonesia’s marine-highway program — a bold $55.4 billion plan to develop 24 commercial seaports, over a thousand non-commercial seaports and procure vessels — is facing a revision as some ports in the proposal may not be suitable for handling containers.
03 Nov 2014
A $1 billion offering next year will finance the construction of three new ports in Indonesia by 2017, the state-owned port operator said today.
23 Oct 2014
Footwear importers last year paid $2.5 billion in duties, which are meant at least in part to protect domestic producers from low-cost imports, but in reality footwear accounts for a tiny percentage of U.S. jobs.
03 Oct 2014
U.S. imports of wooden bedroom furniture by dollar value have increased for four consecutive quarters, driven by an ongoing recovery in the real estate market and falling national unemployment numbers...
12 Sep 2014
One country has massive terminal overcapacity that will depress the business for years, while the other has a desperate need for huge investment in its container ports to cope with growing trade. Vietnam and Indonesia are on opposite sides of the port capacity scale, but both Southeast Asian nations are facing formidable challenges.
03 Aug 2014
China’s factory output and total new orders in July rose to their highest levels since March last year, improving the operating conditions of mainland manufacturers and supporting carrier predictions of third quarter container volume increases in the seasonal build up to Christmas.
31 Jul 2014
China will remain the clear leader in U.S. footwear imports even as Vietnam and other countries nibble away at its market share, according to a new forecast by the Footwear Distributors and Retailers of America.
10 Jun 2014
Thailand, Vietnam, Indonesia and India are poised to kick their export growth into higher gear over the next five years.
04 Jun 2014
Major Japanese freight forwarder Yusen Logistics has opened a new warehouse in Jababeka in Jakarta, Indonesia, to capitalize on growth in Southeast Asia.
30 May 2014
Multiple container lines have planned general rate increases in various trade routes in June and July, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.