In the article titled
‘Recession allows
breathing space for
Durban upgrades’
(August 3, 2012) a typo
misrepresented the
capacity of the Durban
Container Terminal.
The figure should
have read 3.6 million
TEUs.
Trickle traffic through the Strait of Hormuz, hugging the Iranian coastline at Qeshm and the islands of Hormuz and Larak, has brought no significant change to the closed-off waterway.Source: Research Gate
Shanghai Containerized Freight Index (SCFI) spot rates collapsed on Pacific trade routes with a sharp decline of 31% to the US West Coast and 23% to the East Coast.