International Trade News
The 13 ports owned by the national government in India are “wilting under the onslaught of competition from new private ports,” being way behind in areas like dredging and losing substantial market share over the past 20 years, according to LiveMint, a financial news service.
The Indian federal government has approved a proposal to delegate more project approval authority to the Ministry of Road Transport and Highways in a bid to minimize delays in awarding of concession contracts.
Growing global demand for bourbon, a solely U.S. produced liquor, is giving U.S. East Coast ports a sweet, down-home surge in containerized cargo.
The value of total trade and exports moving through U.S. foreign-trade zones last year hit record highs, reflecting exporter and retailers’ increased of the hubs.
Canadian export growth is slated to rise to 4.7 percent this year and 7.7 percent in 2015, as global and particularly U.S. demand builds, non-energy shipments rise, and the Canadian dollar weakens, according to the Royal Bank of Canada.
Shipping a container from India can cost nearly double what it costs to ship the same container from China, according to a report from the Associated Chambers of Commerce and Industry of India.
Port San Antonio named a new president and CEO on Aug. 25, tapping a 25-year economic development veteran to lead the inland industrial development agency.
Containerized furniture imports into the United States saw growth in the first half of 2014, as a strong number of shipments in the second quarter offset weak volumes in the first quarter.
Containerized footwear imports into the United States plummeted in the first half of 2014, although the industry is optimistic sales will pick up in the second half of the year.
Japan’s exports to the United States rose for the first time in three months in July on a year-on-year basis despite a sharp decline in auto shipments, according to preliminary trade figures released by Japan’s Finance Ministry.