Japan’s trade surplus with the rest of the world ballooned about 15-fold in April from a year earlier to $8.25 billion thanks to a robust growth in exports, according to preliminary figures released by the Finance Ministry on Thursday.
The year-on-year rise in Japan’s overall exports in April was led by automobiles, which soared 103.1 [...]
Global shipping line CMA CGM has announced that Mobile, USA (Alabama) and Pusan, Korea will be added to its PEX3 service (Asia-Gulf of Mexico) effective May 20, 2010.
The shipping line said that the upgrade will allow a wider port coverage with the best transit times between Asia and the US Gulf coast where CMA [...]
Below are the top five cash rich companies in the Agricultural Products industry as ranked by Cash Equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry:
Archer-Daniels-Midland ranks first with CE of $2.07B; Bunge ranks second with CE of $473M; and Corn Products International ranks [...]
Hanjin Shipping Co., South Korea’s largest container line, expects a return to profit on its biggest routes as an economic recovery in the U.S. revives demand for Asian-made goods. “The bleeding will stop as of May,” the company’s CEO said in an interview. “We were losing so much money on transpacific trade.”
Hanjin has secured [...]
Sawdust is exported from Coos Bay, Ore. for the manufacturing of particle board.
The Oregon International Port of Coos Bay about 165 miles south of Portland, may one day develop a container terminal that can handle the 8,000-TEU class vessels that are common now in the trans-Pacific trade, but a channel-deepening [...]
A European shipowner canceled an order for three container ships because it could not finance the $300 million contract with a South Korean shipyard. The Hanjin shipbuilding company said the unidentified owner had agreed to forfeit the deposit on the vessels which were part of an order for five container ships placed in 2007.
Sixty police officers barricaded the streets and stormed the SINTRAJAP longshore union hall in Limon, Costa Rica, on May 26, 2010. Click on this image to see more photos of the police occupation.
FOR IMMEDIATE RELEASE: May 28, 2010 CONTACT: Jennifer Sargent, 503-703-2933
US longshore union has asked the Obama Administration to investigate illegal [...]
The following photos were taken on after 60 police officers stormed the SINTRAJAP longshore union hall on May 26, 2010.
Police barricade the streets around the union hall.
Police carry barricades
The SINTRAJAP union sign is in the upper left corner.
Police destruction at the union hall.
Shipping lines including AP Moller- Maersk are charging South African exporters extra to handle containers as they start clearing a backlog from a two-week transport strike. Maersk is charging its customers an extra $75 per 20-foot container to partially offset losses incurred through the strike at state- owned ports and rail operator Transnet Ltd.
Marine View Ventures’s main objectives are to increase the Puyallup Tribe’s land base and to create jobs and job-training opportunities for tribal members. MVV’s real estate portfolio … includes industrial and port properties. The company’s marina holdings include the Chinook Landing Marina … and within five-10 years will fully redevelop all the Tribe’s marina property.
Trucks near the Port of Los Angeles. Click on the image to read the full LA Business Journal article.
Nearly 12 months into a program that paid dozens of trucking companies $44 million to upgrade vehicles serving the Port of Los Angeles, the vast majority of subsidized trucks have not made the minimum number [...]
The Oregon Board of Maritime Pilots has endorsed a recommendation of an administrative law judge that establishes a target income of $214,447 per year for both bar pilots and river pilots along the Columbia River. In doing so, the nine-member board approved a settlement reached earlier this year between the bar pilots and ports [...]
This map of South pasadena shows the 4-mile gap in a critical north-south route for cargo coming to and from the ports of LA and Long Beach.
On Thursday, the board of the Metropolitan Transportation Authority is to consider whether to approve a study that would examine different project alternatives and their environmental impacts [...]
The Panama Canal Authority (ACP) and Jacksonville Port Authority have launched a strategic partnership with the signing of a Memorandum of Understanding (MOU). Specific areas of focus include marketing, research and data interchange, technical advancements and personnel training programs. The port’s connection with the Panama Canal at present stands at more than 600 annual calls.
Hundreds of empty container ships sat idle off the coast of Singapore last year.
The world’s top container lines lost an average of $1,500 per 20-foot equivalent unit of fleet capacity while racking up an estimated $15 billion in operating losses last year, AXS-Alphaliner reported in its weekly newsletter.
The Paris-based information service said [...]