The World Container Index increased 5 percent since last week to $1,539 per FEU on the back of a final round of general rate increases before the annual Chinese New Year holidays.
Container volumes at the Port of Philadelphia (PhilaPort) grew 19 percent year-over-year in 2017, the fastest rate of any U.S. East Coast port, according to a statement from the port.
Spot container rates from Shanghai to Europe, the Mediterranean and the United States all increased since last week, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI).
The port is enhancing its entire 42-kilometer port area – from the City of Rotterdam all the way into the North Sea – with IBM Internet of Things (IoT) technologies and IBM Cloud.
The review, expected to take up to three years, will perform a detailed analysis of the environmental effects and potential mitigation measures for the two alternatives identified for the port authority’s Cross Harbor Freight Movement Program.
Often referred to as the “father of the Chinese container shipping industry,” Li Kelin passed away Feb. 1, 2018 in Shanghai, according to a statement from China COSCO Shipping.
The mid-Atlantic port handled a record 596,972 containers during 2017, an 11 percent increase over its previous high-water mark of 538,567 containers set the year before.
The container terminal operator handled 14.41 million TEUs in 2017, a 1.4 percent decline from the prior year.
Cargo Network Services has appointed Michael White to serve as president, succeeding Lionel van der Walt, who left the organization earlier this year to become executive vice president and CEO of RCI, Inc.
The CESI Wenzhou is to sail under a long-term charter contract to transport liquefied natural gas that SINOPEC is purchasing from the Australia Pacific LNG Project, a producer of natural gas sourced from coal.
The publicly-traded global logistics software provider used an existing line of credit to fund its acquisition of Aljex Software, a cloud-based, back-office transportation management solutions provider used by nearly 400 customers across North America.
U.S. Customs and Border Protection is transforming revenue collection at ports of entry from hard currency and paper check, to online and electronic options through its Revenue Modernization Program.
Members of the North American Free Trade Agreement closed the anti-corruption chapter during the sixth round of negotiations, however, the United States and Canada disagreed over trade balance numbers.
A former Canadian prime minister, former Mexican commerce secretary, and former U.S. ambassador to Mexico said during a Senate Foreign Relations Committee hearing that Washington should recognize the benefits the U.S. has gained from the trade deal.
President Donald Trump said he’d be open to the United States joining the Trans-Pacific Partnership if it were improved, while reports have surfaced that Canada agreed to join 10 other countries in signing the trade deal in its current form in March.
The finding from the International Trade Commission (ITC) of no domestic injury from large civil aircraft from Canada will prevent the U.S. government from moving forward with hefty duties on 100- to 150-seat planes.
The U.S. Treasury Department’s Office of Foreign Assets Control has added five more North Korean shipping companies and their vessels to its growing sanctions list.
During joint committee discussions between United States and South Korean trade officials held this week in Seoul to amend the U.S.-Korea Free Trade Agreement (KORUS), the U.S. emphasized steps to improve its bilateral industrial goods trade deficit.
The Bureau of Industry and Security added 21 people under 23 entries to the Entity List, the agency said.
With the recent retirement of Beverly Simmons, the U.S. Department of Agriculture appointed Cheryle Blakely to serve as deputy administrator of the Animal and Plant Health Inspection Service’s (APHIS) International Services.
