Recent data from the Baltic and International Maritime Council (BIMCO) and London-based maritime consultant Drewry suggests the underlying imbalance of supply and demand in container shipping may be improving.
Commentary: Common sense, not controversy
The ocean shipping industry is still grappling with the post-Hanjin reality that another major carrier could go bankrupt, potentially stranding cargo on the water and leaving shippers, creditors, and service providers to once again pick up the pieces.
NAFTA trade exceeds $100b in March
Total cross-border trade between the United States, Mexico and Canada in March exceeded $100 billion for the first time since October 2014, according to the Department of Transportation’s Bureau of Transportation Statistics.
Strike in Chile slows border crossings, freight movement
A customs worker strike across Chile this week has caused major disruptions at border check points, ports, airports and freight terminals for truckers and motorists alike.
Australia drops farm export subsidies
Australia became the first World Trade Organization member to eliminate its farm export subsidies, meeting its obligation to the 2015 Nairobi Ministerial Conference, the WTO said in a statement.
Air Transport: Short-term solutions, long-term problems
A recent rise in air cargo volumes is likely to factor into the discussion when Congress looks to reauthorize the Federal Aviation Administration, legislation that could include removing air traffic control duties from the FAA.
Port of Hamburg volumes up 1.7% in Q1
Throughput of bulk cargo at the German port rose 6.7 percent during the first quarter of 2017, while container cargo and general cargo slipped slightly.
Euroports pours investments into sugar terminals
In anticipation of upcoming sugar liberalization in European markets, port operator Euroports is investing in expansion projects at sugar terminals in Antwerp and LeHavre.
U.S. e-cigarette imports top $342 million in 2016
The $342 million in U.S. imports related to electronic cigarettes during 2016 resulted in $9 million in tariff revenue, according to a recent report from the Government Accountability Office, a congressional watchdog agency.
Port of Seattle contributes to rail overpass project
The Pacific Northwest port is providing $595,000 to help build a $25 million bridge over a Union Pacific rail line in an effort to improve traffic between warehouses in Kent Valley, marine terminals in Seattle and Tacoma, and Sea-Tac Airport.