Port of Long Beach Kicks Off Middle Harbor Project – On Monday, May 14, civic and industry leaders gathered for a ceremonial lease signing on the docks of the Port of Long Beach to celebrate the kickoff of the $1.2 billion Middle Harbor project. The project, a highly...
Port of Tanjung Priok Container Terminal Project Approved –The long-delayed New Priok development at the Port of Tanjung Priok in Indonesia has been approved for construction by presidential decree. Phase 1 of the project will provide an additional capacity of 4.5...
US-Colombia Free Trade Agreement Effective in May – The Office of the US Trade Representative (USTR) has announced that the US-Colombia Free Trade Agreement (FTA) will go into effect May 15, 2012. This FTA is in support of President Obama’s National Export Initiative...
Collapsible Cargo Container Being Tested – A new collapsible container design is being developed by the Dutch company Cargoshell. The new container is made of lightweight composite materials and, according to the manufacturer, can be broken down by one person in 30...
Carriers Push for “No-Show” Fees – Maersk and APL are moving toward a system of penalties to be charged to shippers whose containers fail to meet cutoffs for their intended vessel. According to Maersk, 30% of booked containers never show up for their planned...
China Raises Power Prices – A looming power shortage in China has led to price increase as much as 3% in some areas. The increases are targeted at commercial, industrial, and agricultural users and specifically exclude residences. As summer’s peak demand approaches,...
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