International Trade News
A group of Thai shippers said it expects exports to grow no more than 1 percent this year, in another worrying sign that Thailand’s economy is struggling in the wake of a military coup in May, Reuters reported.
Japan has committed to doubling its investment in India to about $34 billion over the next five years, and will also help fund infrastructure projects in India.
The second-quarter recovery that gave air and ocean cargo such a welcome boost looks set to continue its momentum well into the second half as the latest economic and freight indicators show some positive numbers.
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.