Cosco Pacific shrugged off concerns of a slowing China as its first quarter net profit surged almost 20 percent and container volumes grew by 6.6 percent compared to the first three months of last year.
Huge feeder networks required to serve the mega vessels calling at Singapore and the growing number of connections generated by shipping alliances are placing the port under growing pressure.
The privatization of Kingston Container Terminal should help revive transshipment, but the new operator will face competitive challenges
Encouraged by a ruling late last year that found drivers at a Southern California drayage company were misclassified as independent contractors, a Teamsters-affiliated group is calling for a strike vote on Saturday by drivers throughout the Los Angeles-Long Beach port complex.
Hyundai Merchant Marine will become the first carrier to call at the port of Incheon’s new Sun-Kwang terminal when the Hyundai Tokyo ties up in mid-May as part of an Asia-U.S. G6 Alliance service.
External contractors for Hongkong International Terminals have agreed to pay an above-inflation 5.5 percent increase in basic salary for dockworkers in the coming year, averting a threatened strike that would have heaped further misery on the struggling port.
Thousands of independent Brazilian truckers in Brazil are wracking shippers’ supply chains by holding blockages in five states across the country in protest of what they deem are low wages.
In an attempt to lure more container cargo, India’s Mumbai Port Trust has extended its previously introduced trade incentive schemes for another year, ending in March 2016.