Barter is the present and the future of international trade, especially for people who is starting in the import export business. Barter and more: Triangular operations.
Panama Canal expansion on the global coal trade will come into sharper focus next summer when the canal's governing authority is likely to release rates for the new lane, according to a shipping expert after a Senate Committee on Commerce, Science and Transportation hearing on the expansion.
John Vickerman, president of Williamsburg, Virginia-based Vickerman & Associates LLC, said the authority will have to release its rates at least a year before the canal opens.
According to the Panama Canal Authority, the new lane is expected to open in June 2015. Vickerman suggested in the hearing and afterward that that date might be too optimistic, saying the expansion could open as late as early 2016.
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