The Panama Canal Authority said it is confident in the process it uses to move ships through the new locks at the canal, following an accident last week that damaged the Xin Fei Zhou after it made contact with one of the walls at the Agua Clara Locks.
The TMS provider was acquired by fellow logistics software firm Kewill in April, and the companies are progressing on merging products and organizations, Lean executives said in a briefing.
The U.N. Economic Commission for Europe said China has ratified the TIR Convention, which it says will further streamline cross-border transportation for cargo moving between China and Europe.
Registration takes less than 1 minute.
The first commercial passage of a neopanamax containership through the new locks and third lane of the canal will occur on Sunday with the 9,472-TEU COSCO Shipping Panama.
While Xeneta said rates could continue to fall due to the Panama Canal expansion, London-based firm Drewry said it projects freight rates will rise modestly over the next 18 months.
The London-based firm said it projects that container freight rates will rise modestly over the next 18 months from the all-time lows reached recently, but it won’t be sufficient enough to rescue the industry from substantial losses in 2016.