Sical Logistics Ltd., India’s leading multi-modal logistics provider, is selling its 40.92 percent stake in Ennore Automotive Logistics, an automobile port yard joint venture with Japanese shipping group Mitsui O.S.K. Lines.
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.
North American vehicle production is on the rise amid strong demand for vehicles in the NAFTA countries and foreign markets.
The race is on to clear Manila’s congested terminals before the arrival of Christmas cargo at the Philippine’s main import-export gateway in early September.
Members of the International Longshore and Warehouse Union ratified a new collective bargaining agreement with grain handlers in the Pacific Northwest, ending a two-year battle between the two parties.
The Clementine Maersk will skip the port of Vancouver, British Columbia, in its current rotation, citing congestion and “significant” delays following the CMA CGM Attila’s striking of the dock two days ago. The Maersk Line vessel will shift cargo bound for the Canadian gateway to the CMA CGM La Scala.
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.
Despite the lack of a new West Coast labor contract two months after the expiration of the last agreement, the threat of work stoppages to peak-season merchandise is rapidly receding, according to a retail industry consultant.
The attempt by CSX Transportation and the Port of Baltimore to gain double-stack container service to and from the port took a major hit Thursday after the state of Maryland withdrew funding for a planned intermodal terminal.
Emirates Shipping Line is the latest container line to impose surcharges on India-bound cargoes in response to the months-long intermodal delays that have led to serious equipment imbalance issues at India’s premier container gateways.