News
10.06.30
Vietnam to Restrict Customs Formalities of Imported Cars to Five Ports
Effective July 29, 2010, new imported automobiles with less than 16 seats will be allowed into Vietnam only via five designated international ports, according to a new regulation issued by the Min...
10.06.29
FMC to Report on Capacity Shortages Before House Panel
The U.S. Federal Maritime Commission (FMC) announced Thursday that Chairman Richard A. Lidinsky, Jr. and Commissioner Rebecca F. Dye will address the House Committee on Transportation and Infrastr...
10.06.28
Japan Agrees AEO Mutual Recognition with EU, Canada
Japan's Ministry of Finance announced Friday that it signed the Decision establishing mutual recognition of AEO with the European Union (EU) and Canada on Thursday and on Friday, respectively. Thi...
10.06.25
Transpacific Container Market Shows Robust Gains
The Transpacific Stabilization Agreement (TSA) has reported a total first quarter 2010 Asia-U.S. lift for all carriers of 1.27 million 40-foot containers (FEU). That figure, developed from PIERS r...
10.06.24
New Gantry Cranes to Be Operational in Mid-July in Bangkok
Work is ongoing to replace gantry cranes at two berths at the Thai port of Bangkok’s Port Authority of Thailand (PAT) Terminal. It is expected the project will be completed around July 15, accordi...
10.06.23
Container Shortages Trigger Sharp Increases of New Boxes
Container shortages have reached critical levels, with lines blaming the shortage on 'exceptional' high demand which developed since the Chinese New Year in February, said French shipping consulta...
10.06.17
China's Box Traffic Sets Monthly Record in May
Container volumes handled at Chinese ports totaled 12.439 million TEUs in May, representing a 21.9% increase over the same month in 2009 amidst a strong 49% increase in the nation's foreign trade....
10.06.15
US Retail Container Traffic to Be Up 15 Percent in June
Import cargo volume at the U.S.'s major retail container ports is expected to be up 15 percent in June compared with the same month a year ago, and double-digit increases should continue into the ...
10.06.14
IRA Lines Set to Increase Rates from July 1
Informal Rate Agreement (IRA) lines, which provide service on the trade between Asia and the Middle East, plan to implement an emergency rate restoration of $250 per TEU and $500 per FEU for shipm...
10.06.11
JIFFA Members Handle 73 Million TEUs in FY2009
The Japan International Freight Forwarders Association (JIFFA) announced that its 380-plus members handled a total of 69.613 million TEUs in the fiscal year ended on March 31, 2010. The figure, ex...
