“K” Line raising $406 million
Funds will be used to repay debt and for capital expenditures, mainly on vessels.
Funds will be used to repay debt and for capital expenditures, mainly on vessels.
Lone Star Ports, a joint venture between the Carlyle Group and Berry Group, will lease about 200 acres on Harbor Island to develop a petroleum export terminal.
The vessel’s role in the Vietnam War is just part of the saga told by the chairman of the Maritime Industry Museum.
The Coast Guard will require ships arriving from ports in the Seychelles to include an additional layer of security during their time in U.S. ports.
The 23,000-TEU ships, which are being built at Daewoo Shipbuilding and Marine Engineering, are among the 20-ship order made by HMM last year.
The surge in imports as shippers “pulled forward” cargo in December is reverberating into this year and has set a high bar that will be hard to match in late 2019.
The two new cranes, identical to the pair delivered in March 2018, are part of the port’s $300 million in Packer Avenue Marine Terminal improvement projects.
Section 301 tariffs on goods from China are hurting some U.S. businesses downstream in the industrial supply chain, after the U.S. started imposing the measures last summer to generate changes in China’s business practices.
The moves include a new vice president of customer care, chief transportation officer, acting chief executive and port director, board chairman, and global head of ocean procurement and tradelane management.
The plan, which includes more than $650 billion in federal funding, would be the Democratic presidential hopeful’s “top budget priority” should she be elected in 2020.
Emmanuelle Verger and Rick Revoir are tapped to take the helms.
Sen. Susan Collins criticizes the president’s Transportation Department budget for offering “no path forward after the FAST Act expires.”
The Office of Foreign Assets Control said Stanley Black & Decker failed to effectively stop a Chinese subsidiary’s illicit exports to Iran following acquisition.
The Senate Finance Committee said in “coming weeks” the panel’s chairman will introduce a bill allowing Congress to stop Section 232 duties after they are imposed.
Petitions from the American Kitchen Cabinet Alliance allege that wooden cabinets and vanities from China are unfairly subsidized and dumped on the U.S. market.
Headwinds include Brexit, a U.S.-China trade deal and the International Maritime Organization’s 2020 sulfur cap.
CEO Frank McGuigan promises “a collaborative, high-tech workspace that attracts high-potential talent and is a place where employees can thrive.”
Scott Parker will succeed Art Garcia, who is retiring at the end of April.
Representatives of organized labor told a House subcommittee on Tuesday that the U.S., Canada and Mexico should get back to the negotiation table.
The $6 million project is expected to reduce diesel-related air pollutants by 45 tons annually.