News

 

16.03.31

Asia-Pacific Nations Agree on Paperless Trade Facilitation

An unprecedented regional treaty that will cut trade time and costs in the Asia-Pacific region was finalized at a United Nations led forum in Bangkok last week. The agreement, drafted by working gr...

16.03.31

Economic Slump in Brazil Keeps Box Throughput Declining

Brazilian ports handled a combined total of 9.135 million TEUs in 2015, representing a 1.9% decline compared to 9.316 million TEUs registered in 2014, according to the Special Secretariat of Ports ...

16.03.29

Busan Becomes World’s 5th Busiest Box Port

South Korea’s Ministry of Oceans and Fisheries unveiled on March 24 that trade ports in the nation handled 111.88 million tons of containers in total in February, which decreased 0.4% from the corr...

16.03.28

Panama Canal Expansion to Be Inaugurated on June 26

The Panama Canal Authority (ACP) has announced that the Panama Canal Expansion will be officially inaugurated on Sunday, June 26, 2016. The expansion work is currently 97 percent complete. Final te...

16.03.28

Think Tank Predicts Flat Growth in Japan’s FY2016 Ocean Box Traffic

Nittsu Research Institute and Consulting, Inc. (NRIC) has unveiled a revision of its projections for the Japanese economy and cargo transport in fiscal 2016 (April 2016-Marh 2017). The think tank h...

16.03.25

India Eases Cabotage Restrictions for Container Transhipment Ports

India's Ministry of Shipping has relaxed cabotage restrictions for ports which tranship at least 50% of the container handled by them. The measure will enable shipping lines to consolidate Indian i...

16.03.24

Japan-China Box Traffic Wanes in Both Ways in January

The Japan Maritime Center (JMC) has unveiled that container exports from Japan to China plunged 17.3% year on year in terms of volume to 745,362 tons and 22.8% in terms of value to \429.9 billion i...

16.03.24

Containers from Asia to U.S. Surge 29% in February

Containerized shipments from 18 countries and regions in Asia to the U.S. surged 29.2% from a year earlier to 1.278 million TEUs in February, enjoying a notable year-on-year increase of more than 2...

16.03.23

Moody's Downgrades Global Shipping Rating

Moody's Investors Service has changed its outlook on the global shipping sector to negative as it expects supply growth to outpace demand growth in 2016 by more than 2%, suppressing freight rates, ...

16.03.22

Container Throughput Remains Weak at Major Ports in Asia

The Port of Shanghai handled 2.59 million TEUs of containers in February, which grew a mere 0.8% year on year from 2.574 million TEUs, according to a report compiled by Shanghai International Port ...

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