Container volume growth will not outstrip global GDP to the same degree as in the past because many commodities once shipped in bulk already have shifted to containers.
People involved in negotiations gave a ringing endorsement of the pact’s labor and environmental provisions, a hot topic as Congress expects to consider the deal soon.
Huarong Energy, formerly known as Rongsheng Heavy Industries, which was China’s largest privately owned shipbuilder, sold the assets to the bond holder for HK$1.
E-commerce giant Alibaba says it will deepen collaboration with the parcel delivery company STO Express
The NCBFAA responded with alarm to Customs and Border Protection’s March 16 mandate to use the new “create/update importer identity form.”
Korea Development Bank will transfer its Daewoo stocks to a subholding company to be established by Hyundai Heavy in return for equity stake in the company.
Republican Sen. Mike Lee’s Open America’s Water Act would open U.S. domestic waterborne commerce to “qualified,” non-U.S.-flag vessel operators.
Stevedoring company says the investment by Blackstone Infrastructure Partners is “growth oriented.”
Africa continues to deal with challenges that keep its share in world container port throughput at around 4 percent, but the continent has more potential than perhaps anywhere else in the world.
Purchase will add a cloud-based terminal operating system for small container and mixed cargo terminals.
There are worries that the U.S. may be seen as an unreliable source of commodities such as soybeans.
Seven of the blanked sailings are on Asia-WCNA loops, while the other three are on Asia-ECNA loops.
The group reported a 1.8 percent growth in revenue in 2018, but the decline in EBIT was attributed to 502 million euros spent on restructuring the PeP division.
Michael Khouri, who has served as acting FMC chairman since January 2017, was officially named chairman by President Trump on Thursday.
House lawmakers reintroduce legislation requiring trucks over 10,000 pounds to have protective guards on all sides, which the association says offer no safety benefit.
The time to hire for the agency currently takes about 300 days, with less than 3 percent of applicants successfully completing the hiring process.
The YM Warranty and YM Wellspring are planned for the Pacific North West Coast Loop 3 and Mediterranean Service-2 lanes.
The project, which is set to double the capacity of the largest container port on Sweden’s east coast, is expected to be completed by the fall of 2020.
Members of the trade community presented several ideas on Thursday for reforming the World Trade Organization as the U.S. continues to work with the EU and Japan on ways to improve the institution.
Of the nation’s top five container ports, Savannah’s TEU volumes grew the most in 2018, while L.A. saw the smallest uptick.
