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The latest toll increase proposals through the Panama Canal are causing worried frowns on the US East Coast, while the West Coast is more complacent than ever over its importance after 2014. The International chamber of shipping calls the proposals for a 15 percent hike, which could come in from July 1, “rushed, excessive and [...]  China Shipping Container Line Company, the world’s 8th-largest container shipping company by capacity, will begin cargo service to the US Gulf Coast and Florida through a slot charter arrangement on the weekly Pacific Express 3 string operated by CMA-CGM, which will include calls at APM Terminals Mobile, APM Terminals Jacksonville and Miami’s South Florida Container [...] The biggest losers in Japanese trading house Marubeni’s $5.6 billion deal to buy Gavilon may not be the quartet of huge Western traders who have long dominated the global grain markets, such as Cargill. Instead, it is the Asian trading houses like Noble and Olam International who do not own assets such as grain elevators [...] Global Terminal crane operator A New York-New Jersey terminal operator unveiled plans for labor-saving technology in an expansion set to open in 2014, but the president of the International Longshoremen’s Association said he’ll resist job cuts. “We’re going to fight it any way we can,” Daggett said. “The men are not going to stand [...] Two forces are pulling America’s timber industry in opposite directions. One is the nascent recovery in the U.S. housing market. The other is a drop in Chinese demand. For the moment, the drop in Chinese demand is winning. But the moment may not last. China has, until very recently, had an insatiable appetite for American [...] |
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