International Trade News

Japan, US flags
Japan’s trade surplus with the United States expanded for the second consecutive month in October on a year-over-year basis despite a double-digit rise in imports, as exports also posted robust growth, according to preliminary trade figures released by the Japanese Finance Ministry.

Hong Kong’s container volumes continued to fall, down 3.5 percent in October and the fourth straight month the transshipment hub has recorded declining throughput.

Singapore handled 2.97 million 20-foot containers in October, continuing a healthy month-over-month increase that leaves the world’s second busiest container port on track to beat last year’s throughput.

Tougher Chinese regulations on imported wastepaper shipments helped drive down U.S. containerized exports in September.

Ryder System and Mansfield Clean Energy Partners are teaming up to offer natural gas vehicles and fuel to bulk carriers hauling gasoline and diesel.

The Brazil-U.S. Business Council, which is affiliated with the U.S. Chamber of Commerce, has signed a cooperation agreement with the Brazilian National Confederation of Industry to conduct studies on a potential trade agreement and report back to both governments on the results.

WASHINGTON — A group opposing the reconstruction of a CSX Transportation tunnel in a Washington D.C. terminal that would allow the railroad to double-stack containers has filed a lawsuit challenging a federal decision to let the project proceed.

A South African firm’s decision last month to build an $8.1 billion plant in Louisiana that will triple its chemical production capacity in the U.S. underscores widespread growth in U.S. chemicals manufacturing and in supporting logistics and transportation services.

Merchandise imports will slow down in November, but probably not soon enough to help West Coast ports dig out of the congestion problems that continue because of operational issues and work slowdowns by the International Longshore and Warehouse Union.

China’s exports during October continued to show solid growth compared to the same month last year, but comparisons for November and December are set to be complicated by the chronic over-reporting of mainland exports to Hong Kong late last year to evade currency controls.