Time charter rates in the smaller chemical tanker vessel sizes are expected to remain stable over the next two years, but rates for the larger sizes, especially medium range (MR) vessels, will decline due to the impact of falling clean petroleum products (CPP) freight rates, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry.
Davies Turner, a U.K.-based freight forwarder, is upgrading its two-way overland trailer services between the U.K. and Poland, through the inclusion of Bristol and Manchester hubs in its direct service network.
Third-party logistics services provider Damco has expanded its Hub-in-Transit program with the addition of hubs in the United Arab Emirates, Malaysia and Morocco.
Dozens of port authorities and marine terminals received port security grants this summer from the Federal Emergency Management Agency (FEMA), but millions of dollars from the $100m program went to local law enforcement agencies and other non-port entities.
Softening demand growth coupled with larger liner shipping alliances and bigger ships is moving the container ports industry towards a value sector from growth sector, albeit still highly profitable, according to the Global Container Terminal Operators Annual Review and Forecast 2016 report published by global shipping consultancy Drewry.
The U.S. Surface Transportation Board has proposed a rule allowing shippers to switch cargo among large railroads if there's reasonable access to competing tracks.
Despite the current weakness in LNG shipping rates, Drewry maintains its bullish long-term outlook for LNG shipping and believes that the market will require more vessels than listed on the current orderbook, according to the latest edition of the LNG Forecaster report published by global shipping consultancy Drewry.
The United States and Mexico exchanged diplomatic notes to bring into force the new Air Transport Agreement, which the U.S. Department of Transportation anticipates will "significantly increase future trade and travel" between the two countries.
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