The Panama Canal Authority, or ACP, says the $5.2bn widening of the Panama Canal is more than 60 percent complete. The first four of 16 gates for the canal's third set of locks marked a construction milestone. Locks are nearly 50 percent finished; concrete work is two-thirds done; and water-saving basins are about 40 percent complete.
The investigative arm of Congress is going to look into how the Obama administration developed its increased monetary estimate for the amount of damage caused by carbon pollution.
Drewry's latest annual report on global and international container terminal operators shows that the sector remains dynamic and profitable, but that numerous changes are also taking place, including the challenge of growth on two fronts - in container demand and in ship sizes.
Sea and inland navigation ports and freight terminals in Europe are faced with growing energy costs and major political and societal pressure in terms of their environmental performance.
A mixture of financial necessity and commercial reality is further forcing ocean carriers to return to providing core services only. Shipping lines are still being squeezed out of providing home-grown integrated logistics services. This is evidenced by Maersk's recent news that it has entered into an agreement to sell the assets of its U.S. trucking subsidiary, Bridge Terminal Transport.
Italika, the top-selling brand of motorcycle in Mexico, improves on-time delivery of parts sourced from China by changing port-to-port ocean routing and land transportation.
The National Customs Brokers & Forwarders Association of America Inc. has asked Customs and Border Protection to revoke or modify a number of long-standing interpretative rulings that it believes have created an overly strict confidentiality standard. The NCBFAA has requested that CBP adopt a standard that requires brokers to maintain the confidentiality of an importer's "proprietary business information" which is generally defined as information which could harm the importer's competitive position if disclosed.
Drewry's latest Container Leasing report shows that the world's fleet of operationally leased containers grew annually by almost 11 percent throughout 2011-12, although a smaller 6.4 percent is being forecast for 2013, in line with the poorer global trade forecast.
The latest news, analysis, services and systems regarding ocean transportation and its impact on global supply chains. Today’s companies are transporting and delivering container shipments in a more efficient manner than ever before using new services and technologies that provide information en route - allowing them to stay ahead of the competition in their industries. As ocean cargo services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using ocean shipping solutions to power their supply chains.
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