News
13.02.28
FMC Set to Extend Tariff Rate Publication Exemption to Unlicensed Foreign-based NVOs
The U.S. Federal Maritime Commission (FMC) recently has issued a proposed rule that would require foreign-based unlicensed non-vessel-operating common carriers (NVOCCs) to register with the commis...
13.02.27
Carriers to Raise Rates for Cargo from Asia to Middle East, Red Sea
The Informal Rate Agreement (IRA) covering trade from the Far East to destinations in the Middle East and Informal Red Sea Agreement (IRSA) have recommended their members to implement a rate resto...
13.02.26
China Certifies Two More Insurers for NVOCC Margin Liability Insurance
China’s Ministry of Transport announced on February 16 that two listed insurers, China Pacific Insurance and Ping An Insurance, have obtained underwriting licenses of non-vessel operating common c...
13.02.26
Clerical Workers at LA-LB Ports Ratify Labor Contracts with Employers
Office clerical workers president of the International Longshore and Warehouse Union Local 63 Office Clerical Unit (OCU) agreed last week to ratify the terms of tentative agreements reached on Dec...
13.02.26
IADA Confirms Rate Restoration of $150/TEU April 1, 2013
As part of their Japan Business Plan for 2013 announced in November 2012, the Intra-Asia Discussion Agreement (IADA) has a rate restoration of $150 per TEU, effective April 1, 2013. The recommenda...
13.02.22
Japan-China Trade Sees Decline in 2012 for First Time in Three Years: JETRO
Converting yen-denominated statistics for imports (preliminary) and exports (revised) released by Japan's Ministry of Finance in January 2013 to US dollars, the Japan External Trade Organization (...
13.02.21
Letter Urges US Action on Rotterdam Rules
U.S. trade groups recently have urged their government to speed ratification of an international convention on transportation contract known as the Rotterdam Rules. The rules, formally named the U...
13.02.20
Box Traffic at Hong Kong Falls Slightly in January
The Hong Kong Port Development Council (PDC) has announced the latest container throughput of Hong Kong port (estimates) and provisional throughput statistics of Kwai Tsing container terminals. Co...
13.02.18
Intra-Asia Containers down 4.7% to 14.8 Million TEUs in 2012
Dry and reefer containers transported by major shipping companies among Japan and 11 other Asian countries and regions increased 4.7% year on year to 14.802 million TEUs in 2012, accounting for ap...
13.02.18
Global Box Trade Grows 7% in December
Global containerized cargo exports climbed 6.9% in December from the previous month to 10,764,400 TEUs, thanks to a surge of exports from Asia, according to the U.K.'s Container Trades Statistics ...
