Federal Maritime Commissioner Carl Bentzel wants the agency to regulate rail storage fees in certain cases when ocean containers cannot be picked up from an intermodal terminal through no fault of the cargo owner.
In another big-ticket reform initiative, India’s union cabinet on Wednesday approved new legislation meant to transform major, or public, ports into independent companies.
Europe’s private port and terminal operators have called for “clear and stable” regulations to ensure adequate returns on their investments in an increasingly unsustainable market.
Indian shippers who have been reeling from unpredictable demand may have some cost relief on the way after the Directorate General of Shipping and stakeholders moved a step closer to reaching an agreement over abolition of shipping surcharges.
Dozens of new port concessions and contract extensions should direct 40 billion reais ($11.82 billion) in investments toward Brazil’s ports over the next 25 years.
The South Korean government is looking to the country's large multinational exporters to take a major role in turning around the fortunes of its struggling shipping sector.
Just days after Taiwan’s leading container lines reported tumbling revenue and profit, the Taiwanese government said it will provide billions of dollars in financial support.
Eager to avoid the fate of neighboring South Korea’s Hanjin Shipping, Japan’s Big Three shipping companies are lobbying the government for favorable tax and budgetary measures.
Better labor relations at public ports could make the on-and-off again strikes and protests for higher wages and other benefits that cause congestion and delays at major ports less likely.
The Brazilian Ministry for Transport, Ports, and Civil Aviation has decided to privatize dredging operations at the country’s top three ports of Santos, Paranagua, and Rio de Janeiro.
Russian shippers and transportation companies say they will have to increase their rates double digits to keep up with the cost increases created by Russia’s “Platon” truck toll.
The most powerful port, shipping, and transportation industry groups in Brazil are banding together to pressure the government to reform the country’s port law.