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Global Gateways: Page 107
U.S. Imports for July and August Indicate Busier Holiday Shopping
U.S. imports in August are the second-highest month for twenty-foot container volume in 2013, according to Zepol, a trade intelligence company. The United States imported nearly 1.61 million TEUs in August, which is 5% less than July's 1.69 million, but a half a percentage higher than August of last year.
Biden Urges U.S. Ports to Prepare for Traffic Generated by Larger Panama Canal
All of the ports on the East Coast "have to get in the game," Vice President Joe Biden said recently, and get ready to accept larger cargo ships that will come through an expanded Panama Canal by 2015.
Singapore Focuses on Long-Term Logistics Needs
The long-term infrastructure developments unveiled by Singapore Prime Minister Lee Hsien Loong at a recent National Day Rally include plans to expand Changi Airport and relocate the country's seaport.
Seaport Terminal Operators Actively Scanning for Acquisitions, Portfolio Expansions, Survey Finds
Drewry's Annual Review of Global Container Terminals Operators shows that PSA International, Hutchison Ports, APM Terminals and DP World remain the big four players in equity TEU and portfolio terms but with varying levels of activity.
Panama Canal Widening Project Reported to Be More Than 60 Percent Finished
The Panama Canal Authority, or ACP, says the $5.2bn widening of the Panama Canal is more than 60 percent complete. The first four of 16 gates for the canal's third set of locks marked a construction milestone. Locks are nearly 50 percent finished; concrete work is two-thirds done; and water-saving basins are about 40 percent complete.
Container Port Sector Continues to Be Dynamic, Profitable Despite Many Changes
Drewry's latest annual report on global and international container terminal operators shows that the sector remains dynamic and profitable, but that numerous changes are also taking place, including the challenge of growth on two fronts - in container demand and in ship sizes.
Project Designed to 'Green' Europe's Freight Terminals and Ports
Sea and inland navigation ports and freight terminals in Europe are faced with growing energy costs and major political and societal pressure in terms of their environmental performance.
Change Broker Confidentiality Rules or Boot Them, Says Forwarders Group
The National Customs Brokers & Forwarders Association of America Inc. has asked Customs and Border Protection to revoke or modify a number of long-standing interpretative rulings that it believes have created an overly strict confidentiality standard. The NCBFAA has requested that CBP adopt a standard that requires brokers to maintain the confidentiality of an importer's "proprietary business information" which is generally defined as information which could harm the importer's competitive position if disclosed.
Percentage of Leased Ocean Containers for 2013 Projected to Fall Below Last Year's Figures
Drewry's latest Container Leasing report shows that the world's fleet of operationally leased containers grew annually by almost 11 percent throughout 2011-12, although a smaller 6.4 percent is being forecast for 2013, in line with the poorer global trade forecast.
August Merchandise Imports to Show Continuing Increase; Volume for Year Expected to Beat 2012
Following negative numbers in four of the last five months, import volume at the nation's major retail container ports is expected to grow 1.7 percent in August over the same month last year and should continue to see gains through the holiday season and the remainder of 2013, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates. The year is expected to end with a 2.4-percent increase over 2012.
Using a 3PL to Simplify Shipments to and From Mexico
Third-party logistics companies with experience in Mexico and strong partnerships with leading Mexican carriers and customs brokers can make cross-border shipping a truly seamless activity, says Dennis McCaffrey of XPO Logistics.
U.S. Imports in July Are Highest Since 2007; Businesses Prep for Holiday Season
U.S. imports in July are the highest volume seen in one month since July of 2007. The United States brought in more than 1.69 million twenty-foot containers in July, which is 13 percent higher than last month's volume and 2 percent higher than July of last year.
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