Several container lines have scheduled rate hikes in multiple trade lanes from April to May, although any increases achieved could be temporary...
Central America
Press Releases
28 Feb 2014
The deadline for completing the $5.25 billion Panama Canal’s expansion project has been postponed by another three months under a tentative refinancing agreement between the Panama Canal Authority and the engineering consortium that is building the new locks.
28 Feb 2014
Multiple container lines hope to increase rates in a variety of trade lanes from March through June, although any hikes achieved could be fleeting...
26 Feb 2014
Containerized cargo at Gulf ports is benefiting from a north-to-south shift in U.S. population growth, growth in the region’s automotive and chemical industries and investment in container-handling facilities.
21 Feb 2014
The consortium building the new locks at the Panama Canal resumed work on the project on Thursday after a two-week suspension in a dispute over $1.6 billion in cost overruns.
20 Feb 2014
U.S. West Coast ports will lose some container volume to East and Gulf Coast ports once the Panama Canal is enlarged, but there is no need to panic as long as they remain reliable and efficient gateways for U.S. trade with Asia, Tioga Group principal Dan Smith said yesterday.
20 Feb 2014
The settlement of the dispute over cost overruns between the Panama Canal Authority and the engineering consortium building its new set of larger locks leaves unanswered the questions of when the $5.25 billion expansion project will be completed and how much more it will cost in the end.
18 Feb 2014
U.S. containerized import volume rose 6.2 percent year-over-year in January 2014, according to advance figures from PIERS, the data division of JOC Group Inc. Imports totaled 1.58 million TEUs in January. January imports were up roughly 10 percent from containerized volume in December.
18 Feb 2014
Major carriers aim to hike rates in a variety of trade lanes in March, although any increases achieved could be temporary.
10 Feb 2014
Major container lines hope to increase rates in multiple trade lanes in March, April and May, although any hikes achieved could be fleeting.
05 Feb 2014
Work to expand the Panama Canal was suspended today following a breakdown in talks between the canal authority and the construction consortium to resolve a bitter dispute over more than $1 billion in cost overruns.
