To cope with the larger vessels that will transit through the Panama Canal when its expansion is complete in 2015, Central American countries must dramatically improve their intermodal road and port network infrastructure, the quality of their trucking services and strengthen their institutional coordination, two studies issued today by the Inter-American Development Bank show.
U.S. vessel imports are down 5 percent from January but up 15 percent from February of 2012, even with one less day this year. The total twenty-foot-container (TEU) count was over 1.4 million and total shipments were over 720,000. February imports have not reached this level for four years, which is a similar stat to what we saw in January. It appears that import levels are indeed reverting back to the numbers seen before the recession.
The Stifel Logistics Confidence Index increased for the fifth consecutive month in March, according to the latest survey undertaken by Transport Intelligence. The index for the current and expected situation combined was up 0.4 points to 52.5 in March compared with 52.1 in February.
Bollore SA, an investment company controlled by French billionaire Vincent Bollore, is competing to expand its African unit to operate five more port terminals and is eyeing similar growth in Asia and Latin America.
Maersk Line, the world's biggest container shipping company, will stop plying through the Panama Canal to move goods from Asia to the U.S. east coast as bigger ships help the company move it profitably through Suez Canal.
Judging from their actions, ocean carriers would love to toss out those irritating economics textbooks, with their tedious lessons about supply and demand. Too much capacity? No pricing discipline? Sluggish volume growth? Forget about it. Why should any of that prevent them from raising freight rates?
Keppel Logistics Pte Ltd. (Keppel Logistics), a wholly-owned subsidiary of Keppel Telecommunications & Transportation Ltd, (Keppel T&T), has leased a two-hectare site for 30 years from JTC Corporation to develop an air logistics hub in the eastern part of Singapore.
A.P. Moeller-Maersk A/S (MAERSKB), owner of the world's largest container-shipping company, plans to add more vessels to its Singapore base after making the city-state its biggest hub after the headquarters in Denmark.