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Christopher Koch, senior advisor to the World Shipping Council, says container shipping faces a cost-control crusade and “green storm” of environmental regulations.
Price indexes for both imports to and exports from the United States have now fallen in 10 of the past 12 months, according to the most recent data from the U.S. Bureau of Labor Statistics.
The Panama Canal Authority is providing scant details on delays carriers are facing transiting the waterway, attributing them to increased vessel traffic and fog.
Consumers continue to migrate to mobile devices to make purchases, with mobile devices accounting for 36 percent of Black Friday sales, according to Custora, a company that provides predictive analytics for e-commerce.
Net income at the Israeli ocean carrier improved vastly compared to loss of $63 million in the third quarter of 2014 despite a 12 percent year-over-year reduction in total revenues.
Rates from Shanghai to Northwest Europe and the Mediterranean skyrocketed, while rates to the United States inched up slightly from last week.