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.
The U.S. aerospace manufacturer launched a working protoype cargo drone that will have the ability to carry 500 pounds of cargo within a radius of 10 to 20 miles, Air Cargo World reported.
The Rhenus Group acquired Brazilian customs broker and software provider Pirâmide SeaAir Comércio Exterior.
Cargo revenues reached $200 million, while traffic rose 7.1 percent for the quarter.
The French ports of Marseille Fos and Le Havre will be linked to Switzerland by rail in a project that aims to further connect the port hinterlands into the rest of Europe.
The administration has recently been turning its renegotiation focus toward areas where prospects for progress appear the strongest at this point, including energy, John Murphy, U.S. Chamber senior vice president for international policy said.
However, U.S. Trade Representative Robert Lighthizer pushed back against Canada’s complaint, saying the allegations are “unfounded” and “ill-advised.”
U.S. Customs and Border Protection’s Automated Commercial Environment in-bond reporting will become mandatory for all carriers in August.
Gary M. Barraco, director of global product marketing at trade management software provider Amber Road, discussed how the recent enforcement of North Korean sanctions will impact social compliance.
The U.S. aluminum production industry said it wants the administration to move quickly on findings of its 232 investigation into alleged dumping by countries providing subsidies to state-owned producers.
The California port said that import growth drove its record performance, with imports fueled by a strong U.S. economy and increased consumer demand for retail products.
White House officials told leading senators that details on the long-awaited infrastructure package would be released after President Trump’s inaugural State of the Union address on Jan. 30, according to The Hill.
A new study acknowledged that Portland’s geography as a river port and marine industry consolidation pose challenges to the recovery of weekly transpacific container service.
The Canadian port handled 24.1 million metric tons of cargo in 2017, beating 2016 figures by 28 percent and exceeding the previous record high of 23 million metric tons that was set in 2013.
Haropa, which operates the French ports of Le Havre and Rouen, posted an over 15 percent increase in container traffic for 2017 and a 6 percent boost in overall seaborne trade for the year compared to 2016.
The Seattle Port Commission passed a resolution Tuesday, calling for a combination of training, resources, policies and partnerships to address the issue.
The port handled 2.84 million TEUs in 2017, a 7 percent increase compared to 2016.
