New TAP for China

APM Terminals (APMT) was able to offset a 9.3% decrease in revenue per move (to US$310) in Q2 2023 by increasing tariffs and reducing costs per move by 7.6%. However, its impact on the group’s overall result is diminishing as AP Møller-Maersk (APMM) expands in Logistics and Services (see p11).

That is the overriding message in a report recently published by Carl Bentzel, a commissioner at the Washington (DC)-based Federal Maritime Commission (FMC).

The Biden Administration is attaching “Buy America” conditions to transport funding initiatives.

The South Atlantic Chassis Pool serving Jaxport, the GPA and NC Ports is getting a major upgrade, with plans to add 50,000 new chassis.

The Coalition of American Chassis Manufacturers has succeeded in convincing the US Commerce Department and the US International Trade Commission (ITC) to impose tariffs on container chassis imported from China.

The African Continental Free Trade Area (AfCFTA) is due to come into effect on 1 January 2021. In addition to boosting intra-regional traffic volumes, the agreement will raise the region’s global trading role by stimulating economic growth and attracting more foreign inward investment to the continent.