News
17.01.16
TSA Lines Announce $600 per FEU Rate Hike on March 1
Container shipping lines in the Transpacific Stabilization Agreement (TSA) have recommended $600 per 40-foot container (FEU) rate increases on March 1, 2017. The increases are intended to counter t...
17.01.13
Southern California Ports Contrast on 2016 Box Volumes
The Port of Los Angeles handled 8,856,782 TEUs in 2016, up 8.5 percent from a year earlier marking the busiest year ever for a Western Hemisphere Port. The previous record was set in 2006, when the...
17.01.12
India Extends Single Window Interface to Exports
Following the implementation of the Single Window Interface for Facilitation of Trade (SWIFT) for imports, India's Revenue Department has implemented online-release from Partner Government Agencies...
17.01.10
Public Comment Invited on Revision of Tariffs
The Ministry of Finance (MOF) intends to incorporate antiterrorism measures in fiscal 2017 (April 2017-March 2017) tariff reforms. More specifically, it is considering enhancing the system under wh...
17.01.06
New Global HS Standard Enters into Force
The new version of the Harmonized System (HS) Nomenclature entered into force on January 1, 2017. Developed by the World Customs Organization (WCO) and adopted in 1983, this is the Sixth Edition of...
16.12.29
Think Tank Predicts Slight Gain in Japan’s Box Exports for 2017
Nittsu Research Institute and Consulting, Inc. (NRIC) unveiled outlooks for the economy and cargo transport in fiscal 2017 (April 2017-March 2018). The think tank projected that imports and exports...
16.12.28
TSA Revenue Index Continues Rising
The Transpacific Stabilization Agreement (TSA) recently unveiled that its index for freight rates for west coast and inland point intermodal (IPI) services went up by 1.2 points to 76.44 points in ...
16.12.28
South Korea's Box Volumes Expand 5.4% in November
The Ministry of Oceans and Fisheries of South Korea announced on Dec. 26 that trade ports in the nation processed a total of 123.66 million tons of cargo in November, which increased 3.2% year on y...
16.12.26
Moody Unveils Negative Outlook for Shipping Industry
Moody's has said that its outlook for the global shipping industry in 2017 is negative, reflecting continued oversupply and a 7-10% decline in EBITDA. Dry bulk freight rates will remain low due to ...
16.12.22
Philippines Mulls New Barge Facility to Reduce Truck Traffic
Philippines's Department of Transportation (DOTr) has received and is studying a proposal to develop a common-user barge and RoRo terminal in the province of Cavite, Philippines. DOTr says that the...
