The following analysis is from the Japanese newspaper Asahi Shimbun:
Akira Amari, minister in charge of the TPP, said the United States, which has led the TPP negotiations, made a number of key demands of Japan because it is only now ready to join the TPP process. Amari said Japan and the United States [...]
The chief executive of Ford Motor Co complained on Tuesday about Japan’s devaluation of the yen and reiterated his opposition to Tokyo entering into free trade talks with the United States under an Asia-Pacific agreement.
The yen has fallen around 8 percent against the dollar this year, driven down by Tokyo’s fiscal and monetary policies.
Honolulu-based ocean shipper Matson Inc. on Thursday reported a net income of $15.6 million, or 36 cents per diluted share, for the fourth quarter of 2012, compared to net income of $1.6 million, or 4 cents per diluted share, during the same quarter in 2011.
Matson, however, reported that Hawaii container and auto volume was [...]
Earlier this month, Honda chose to celebrate the export of its 1 millionth vehicle from the U.S. at the Port of Hueneme. Six years ago, Honda added its vehicles to the export mix going through the port, sending them to South Korea, China, Japan and Guam.
The Port of Hueneme stands to benefit indirectly [...]
The Bahamian-flagged Baltic Ace was headed to Kotka,Finland, from the Belgian port of Zeebrugge, when it collided about 65 kilometers (40 miles) off the southeastern coast of the Netherlands with Cyprus-flagged Corvus J, which was on its way to Antwerp from the Scottish town of Grangemouth, the coast guard said.
Five crew members died [...]
Port of Hueneme’s auto cargo operating revenues were especially strong in fiscal 2012, rising nearly 18 percent to $6.6 million. Revenues for fresh produce were up 7.4 percent, to $2.9 million.
The Port of Hueneme’s total revenues reached a record $12.2 million for fiscal year 2012, according to an annual audit delivered this week [...]
Canadian National Railway plans to buy more than 2,200 railcars and 1,300 new containers this year to support growing bulk materials and intermodal traffic.
The order comes after the largest Canadian railroad saw a 4 percent year-over-year rise in volume in the second quarter, which included a 13 percent jump in intermodal volume. The largest [...]
The Panama Canal Authority is increasing the number of shipping segments from eight to ten that will have to pay the increased tolls from eight to ten.
The containerised and breakbulk shipping sectors were to have been included in the ACP’s original toll hike proposal that was subsequently postponed until October 2012 and October 2013, [...]
Autos at the Port of Grays Harbor
As the Port of Grays Harbor preps to ship their 100,000 auto next week, Lakeside Industries is prepping to pave about 12 acres of parking lot to hold that many at once for the port “We think with this added asphalt, that will probably give us capacity [...]
The Port of Hueneme on Monday posted its strongest cargo numbers since the start of the recession, with healthy gains made in processing its most lucrative cargo, automobiles.
Total cargo tonnage for the fiscal year ending June 30 rose 8.2 percent to 1.32 million metric tons. The last time cargo tonnage was higher was 2007.
A midyear review shows the Port of Tacoma’s financial results are showing signs of improvement as business turns upward after a five-year decline.
New figures presented to port commissioners predict the port’s net income will exceed both last year’s and the port’s own forecasts for 2012.
International container traffic is up 16 percent over last [...]
The first shipment of containers onboard the Pasha Hawaii’s MV Jean Anne are seen being off-loaded in Honolulu after arriving from San Diego. Photo courtesy of Pasha Hawaii.
Pasha Hawai’i Transport Lines, LLC, has now entered the container shipping business. The company says Pashas ship, the MV Jean Anne, has been modified to ship [...]
The photovoltaic power generation modules installed on the STX Dove, each 25 m wide and 11 m long, can generate a maximum of 24 kW from a total of 240 heat collection plates. The modules provide 5% of the electric power required for the operation of the ship including that for the engine control [...]
In 2011, Baltimore was ranked 11th among 360 U.S. ports for dollar value of cargo and 12th for tonnage, according to U.S. Census Bureau statistics.
Cargo volume at the port of Baltimore grew 15 percent last year, the largest increase of any major U.S. port, state officials announced.
The port’s public and private terminals [...]