Jawaharlal Nehru Port, Mumbai
India’s exports reached an all-time high in fiscal 2010-11 ending March 31, surging about 37.5 percent year-over-year, the Commerce Ministry said Tuesday.
Total exports for the full fiscal year were estimated at $245.9 billion, up from $176.6 billion in 2009-10.
“For the first time, the figures have reached the $200-billion [...]
Truck drivers have seen smog from oceanliners billowing above ports at left and right coasts for years, and wondered why environmental agencies like the California Air Resources Board haven’t seemed to punish these ships as often as trucks.
In reality, CARB does fine shipping lines for breaking emission rules.
CARB announced it has fined three [...]
APM Terminals is considering investing in a new Baltic Sea port in the Kaliningrad region of Russia, according to Russian government press material.
The press material indicated that the terminal-operating arm of A.P. Moller-Maersk is looking at an investment in the port at Baltiysk for which the total investment budget is seen at over $3.5 [...]
Logs bound for export in Astoria
There’s good news and bad news for logging and sawmilling jobs in the Northwest.
The bad news is new figures out Friday show construction spending dropped in February to the lowest level in more than a decade.
The good news is that timber demand from China is soaring.
The Port of Tacoma saw a rise in containers, autos, logs and breakbulk in the first quarter.
A surge in auto imports and log exports helped the Port of Tacoma meet its financial and business activity goals in this year’s first quarter, port executives told the Port of Tacoma commission this week.
That business [...]
From the Journal of Commerce:
Tachinoura Container Terminal in Western Japan
Shoei Utsuda, chairman of the Japan Foreign Trade Council, predicted at a press conference on Wednesday that Japan’s overall exports will post a “fairly big” decline in April. Utsuda is also chairman of trading giant Mitsui & Co.
Many analysts agree with Utsuda [...]