Busan Newport’s Rail Yard to be Expanded

South Korea’s Busan Port Authority (BPA) is expanding a rail yard in the south of Busan Newport by 28,000 square meters. In the rail yard, more space is needed to store containers. To eliminate ope...


Asia’s Europe-Bound Exports Surge in Oct.

Container exports from Asia to Europe amounted to 1.27 million TEUs in October, according to Container Trades Statistics (CTS) data compiled by the Japan Maritime Center (JMC). They increased 14.7%...


¥264 Bil. Earmarked for PH Bureau in FY2024 Budget Plan

A total sum of ¥264.3 billion (US$1.9 billion) was earmarked for the Ministry of Land, Infrastructure, Transport and Tourism (MLIT)’s Ports and Harbours Bureau in the initial budget plan for fiscal...


Global Production Value to Decrease in 2023, Increase in 2024

The Japan Electronics and Information Technology Industries Association (JEITA) projects the world’s production value will decrease 3% from the previous year to $3.38 trillion in 2023. The Tokyo-ba...


Global Container Throughput Index Down From Previous Month in Oct.

The month-on-month fall in volume in October across major regions resulted in a 3.4% month-on-month decline in the Global Container Port Throughput Index to 108.8 points, which was 1.9% higher than...


Japan-US Container Exports Fall 2.1% in Nov.

Japan’s U.S.-bound container exports amounted to 50,681 TEUs in November (based on volumes at ports of origin), which fell 2.1% year on year, according to Descartes Datamyne. Direct shipments accou...


Carriers Begin Rerouting to Avoid Red Sea, Share Rate Increases

Drone and missile attacks on commercial ships in the Red Sea have prompted global ocean carriers to re-route vessels and take other measures. Carriers have begun sharing anticipated rate increases ...


Panama Canal to Increase Daily Transit Next Month

The Panama Canal will increase the number of daily transits to 24 in January, seven neo-Panamaxes and 17 Panamaxes. Currently, 22 vessels transit daily, divided into six neo-Panamaxes and 16 Panama...


Survey: India is Again Most Promising Country for Japanese Manufacturers

India is again the most promising country for Japanese manufacturers to develop business for periods of three year or so, according to a recent survey by the Japan Bank for International Cooperatio...


Container Throughput Falls at Shimizu Port in Nov.

The Port of Shimizu in central Japan handled 43,210 TEUs of containers in November, which fell 4% from a year earlier, according to preliminary statistics unveiled by the Shizuoka Prefectural Gover...



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