MSC, Maersk Line, Hapag-Lloyd and CMA CGM are reorganizing their South America services in the months leading up to Maersk closing its acquisition of north-south specialist Hamburg Sud and finalizing the sale of its Brazilian cabotage subsidiary Mercosul.
WTO raises 2017 growth forecast as global trade accelerates
Previously set at 2.4 percent, the world trade forecast has been increased to 3.6 percent due to strong North American imports and Asian export recovery, according to the World Trade Organization.
OECD data adds fuel to NAFTA origin rules debate
Newly released data from the Organization for Economic Cooperation and Development has allowed U.S. Commerce Department analysts to challenge the long-held perception that U.S. content in North American Free Trade Agreement (NAFTA) imports remain strong.
SCFI declines 5%
The Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI) fell 5 percent since last Friday as spot container rates declined from Shanghai to Europe, the Mediterranean and the United States.
Port of Corpus Christi still under restrictions from Hurricane Harvey
The Texas Gulf Coast port sustained damage to all of its navigational aides, preventing vessels from sailing through the channel at night, according to local news outlet kristv.com.
STB reschedules CSX public listening session
The public hearing to discuss Jacksonville, Fla.-based Class I railway CSX’s service issues of late has been reset for October at the U.S. Surface Transportation Board headquarters in Washington, D.C.
Hawaii Stevedores moves forward with Honolulu terminal development
The stevedoring and terminal operator subsidiary of The Pasha Group has confirmed its lease of the new Kapalama Container Terminal in Honolulu, Hawaii, which is slated for completion by 2023.
Port of Virginia makes headway on channel expansion plans
The U.S. Army Corps of Engineers has officially backed a rough draft plan to deepen and widen the mid-Atlantic port’s main shipping channel, a port spokesperson confirmed Friday.
PhilaPort breaks monthly cargo throughput records in August
The Philadelphia seaport in August 2017 broke its previous record for total monthly tonnage that was established just a few months earlier in May.
Panama Canal expansion helps boost business at U.S. Gulf, East Coast ports
Just over one year after the opening of the expanded third lane of the Panama Canal, officials at U.S. Gulf and East Coast ports say the expansion is just one factor contributing to surging container volumes.