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Meanwhile, lane outages in the existing locks for maintenance could reduce available capacity for vessel traffic by up to 50 percent through the end of the month, according to maritime support services provider Gulf Agency Co.
The U.S. Government Accountability Office said in a report issued Friday CPFA requirements have increased the overall cost of shipping food aid by an average of 23 percent from April 2011 through fiscal year 2014.
An undeclared consignment of handguns that was on its way from Mumbai, India to the Democratic Republic of Congo was discovered in a United Nations shipment on board the Höegh Transporter.
The TPP agreement, which includes the United States and 11 other countries in the Pacific Rim and the Americas, covers a range of industries and promises to reduce or eliminate tariffs and quotas on numerous products.
The ECT City Terminal, the oldest container terminal at the Port of Rotterdam, closed its doors last week as a result of not being able to handle the increases in scale in container shipping.
Year-over-year throughput of crude oil and other petroleum products dropped 22 percent last week compared to the same period last year, according to the American Association of Railroads.