The Japanese shipping company said the acquisition is part of its goal of enhancing the stable supply of top-quality seafarers for liquefied natural gas carriers and tankers.
The Irish seaport saw growth in most sectors in 2017, with imports reaching 21.5 million gross metric tons and exports totaling 14.9 million gross metric tons, up 3.9 percent and 4.9 percent year-over-year, respectively.
The Lake Erie port saw 9.8 million tons of cargo cross its docks in 2017, port officials told local media source the Toledo Blade.
ZIM appoints chief digital officer; Schneider Packaging names executive vice president; A.N. Deringer selects director of consulting and a new senior trade advisor; and the Container Owners Association names board member.
The joint venture will be headquartered in the New York metropolitan area and is expected to be up and running within six months, pending regulatory approval.
The Pier B On-Dock Rail Support Facility would shift more cargo to on-dock rail, which places containers directly on trains at marine terminals.
The port finalized a $217 million contract in November 2016 for Konecranes to build and deliver 86 rail-mounted gantry cranes, and the initial six are scheduled to arrive at the end of this month.
Global third-party logistics provider Kuehne + Nagel and Singapore-based sovereign wealth fund Temasek will jointly search for opportunities to invest in early stage logistics and supply chain technology companies.
Volumes increased significantly overseas and in the Pearl River Delta and Southeast Coast, according to recent data from the terminal operator arm of China’s COSCO Shipping.
December orders, when finalized, are expected to reach 47,000 units, exceeding the previous high of 45,800 units, which was reached in October 2014, according to FTR.
Airfreight volumes in October 2017 increased 5.3 percent year-over-year, according to data from the Airports Council International (ACI), the trade association for airports across the world.
TraPac appoints new president and CEO; IANA installs 2018 board of directors and officers; the American Maritime Partnership elects leadership positions; and Odfjell names COO, global head of ship management and global head of tanker trading.
Direct ChassisLink now owns, leases, or manages about 136,000 marine chassis, as well as roughly 80,000 domestic chassis, for a total fleet of over 216,000 chassis, making it the largest chassis provider to the U.S. transportation market, the company said.
Michael Berzon, who spent his career helping companies enhance the efficiency of their supply chains, died Tuesday from complications associated with Alzheimer’s disease at the age of 77.
The World Container Index slipped 0.2 percent this week to $1,407.58 per 40-foot container, and is also down by 21.5 percent from the corresponding period in 2017.
Port Newark Container Terminal will use the proceeds to refinance existing debt and finance its future terminal development project.
Spot container rates from Shanghai to Europe, the Mediterranean and the United States all increased since last week, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index.
The Port of Los Angeles reportedly moved more than 9.3 million TEUs in 2017, breaking its own record for the largest amount of cargo moved in the history of the Western Hemisphere.
A new container yard, seabed reclamation and rail investments are among the next projects to be undertaken by Hutchison Ports Port of Felixstowe.
