The White House has reinstated Mali’s eligibility to receive trade benefits under the African Growth and Opportunity Act, meaning that 40 of the 49 potentially eligible countries in sub-Saharan Africa are now eligible to receive benefits.
The Department of Transportation has awarded an $18.5 million grant to the New York State Department of Transportation to ease freight and passenger congestion on Amtrak’s Empire Corridor near Syracuse. The grant will go toward signal system upgrades, and track reconfiguration and upgrades. The project also includes upgrades to two passing tracks, one […]
The Port of Antwerp announced today that it is expected to have handled a total freight volume of 190.6 million tons over the year, an increase of 3.5 percent compared to last year, when the volume came to 184.1 million tons.
A bulk carrier that had loaded grain in Duluth and went aground in New York State at the eastern end of Lake Ontario, just days before the St. Lawrence Seaway was scheduled to close, has been refloated and is being towed to Montreal.
The amount of capacity on idle, unemployed containerships reached reached 718,000 TEU in mid-December, according to Alphaliner, and “is expected to continue to rise until the end of March, as the current excess supply is aggravated by accelerating vessel deliveries due in the first half of 2014.” Idle capacity averaged 595,000 TEU this year […]
The containership chartering company Seaspan Corp. announced Monday it has entered into an agreement to extend and refinance its $1 billion credit facility. “The refinancing provides multiple benefits for Seaspan and its shareholders, as we extended the maturity of the facility and decreased our total debt position, enabling the company to further strengthen […]
Global Ports Investments acquisition of NCC Group, the Moscow-based terminal operator with operations on the Baltic Sea, has been completed and approved by regulators. When the deal was first announced in September, a GPI spokesperson said the agreement will strengthen its foothold in the Russian market. “We are delighted to have completed […]
Canada Coast Guard said that four people were removed by helicopter from MSC Monterey, a containership chartered by Mediterranean Shipping Company, on Sunday after the ship reported hull problems.
Airlines flying low-noise aircraft into Frankfurt Airport will benefit from reductions in landing fees and other airport charges for the next two years, Fraport AG announced Friday. “Fraport is already a global leader in establishing a greater range in airport charges based on noise categories. Quiet aircraft are charged less, while loud aircraft […]
The ruling had its origins in a dispute between cargo interests and carriers involving the 2007 theft of four consignments of Canon cameras during road transport under CMR terms from a warehouse at Schiphol Airport in the Netherlands to Willich, Germany.
The U.S. International Trade Commission on Monday issued an update of its report, the eighth in a series of reports for the Office of the U.S. Trade Representative, saying imports and exports would both expand by about $6.2 billion if certain import restraints were eliminated. The ITC, an independent, nonpartisan, fact-finding agency, completed […]
The U.S. Department of Agriculture on Friday invited public comment on proposed changes to the Export Credit Guarantee Program that it said would clarify operations and increase program access. The GSM-102 program provides credit guarantees to encourage financing of commercial U.S. agricultural product exports to developing countries. The proposed rule would incorporate […]
The U.S. Federal Maritime Commission has received 47 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from 3PL Logistics, Wood Dale, Ill. (Hyung Tae Kim, president); Blue Ocean Logistics Corp., Torrance, Calif. (Bok Kun Yeom, president); Gabbro Global, East Dubuque, Ill. (Zheng Bin Ng, director […]
A spokeswoman from Hanjin Shipping said the liner has no plans to reduce its allocation on CKYH alliance services or sell terminals in the United States as a result of the “financial improvement plan,” which it announced last week.
The chairman of Hapag-Lloyd has suggested in an interview published in the German newspaper Hamburger Abendblatt that his company’s merger talks with the Chilean container shipping company CSAV could be a reminder and incentive for the owners Hamburg Süd — the Oetker family — to restart merger talks with Hapag-Lloyd at some point. […]
Maersk said the Bay Bridge service will call both the Ports America terminal and SSA’s Oakland International Container terminal in Oakland, starting in mid-January, for eastbound and westbound service rotations.
Johnson Jeh Johnson was sworn in Monday as the fourth Secretary of Homeland Security. He is in charge of the third largest federal department, with 240,000 employees and agencies such as the Transportation Security Administration, U.S. Customs and Border Protection and the Coast Guard under his oversight. Deputy Secretary Alejandro Mayorkas was also […]
YRC will meet a primary requirement of retiring at least 90 percent of the company’s Series A and B Convertible Notes needed to satisfy a condition in the new Teamsters proposal, which is currently out for approval by employees.
The president of the International Longshoremen’s Association says a joint lawsuit by his union and two employer groups against the Waterfront Commission of New York Harbor will continue despite the decision last week by a federal judge that denied a request by the union and employers for a preliminary injunction. The ILA, the […]
The State Department’s Shipping Coordinating Committee will hold open meetings Jan. 21 and Feb. 11 at the Coast Guard Personnel Service Center in Arlington, Va., and the Coast Guard headquarters building in Washington, D.C., respectively. The department said the primary purpose of the Jan. 21 meeting is to prepare for the first session […]
