The Seattle-based global logistics company posted net earnings of $120.6 million for the third quarter of 2017 amid higher revenues and volumes.
The Hong Kong-based port terminal operator will take over operations at the four-berth port at Umm Al Quwain in the United Arab Emirates, Hutchison Ports said in a statement Friday.
Vehicle transport specialist Wallenius Wilhelmsen Logistics (WWL) saw improvement in ocean volumes and cargo mix, as earnings jumped 120 percent year-over-year to $55 million on revenues of $962 million in the third quarter of 2017.
Co-developer Naval Dome says that its system is the first multi-layer cyber defense solution developed specifically for maritime applications.
Daewoo Mangalia Heavy Industries (DMHI) was established in 1997 as a joint venture between Daewoo and 2 Mai Mangalia Shipyard, with Daewoo being the majority shareholder.
Construction of the Grandview, Wash. temperature-controlled warehousing facility will begin shortly and is expected to be completed in the summer of 2018, Oregon-based public refrigerated warehousing firm Henningsen Cold Storage Co. said in a statement.
The air cargo subsidiary of Virgin Group said the service is meant as a timely boost to meet growing demand for cargo capacity on the route, as volumes have been increasing steadily in both directions.
The parcel carrier and third-party logistics provider hopes to utilize blockchain technology in its customs brokerage businesses for added security and efficiency, the company said in a statement.
ECU Worldwide and QTerminals each name new chief executive officer.
Final results on aluminum extrusions from China The Department of Commerce determines that weighted-average dumping margins of 85.96/86.01 percent exist. U.S. wins WTO dispute on Indonesia’s agricultural restrictions The World Trade Organization (WTO) confirmed that Indonesia’s import licensing regimes for horticultural products and animals and animal products are inconsistent with WTO rules. Subsidies provided to […]
The World Trade Organization (WTO) on Thursday ruled in favor of the United States when it reaffirmed that Indonesia’s import licensing regimes for horticultural and animal products are inconsistent with the global trade body’s rules.
The tentative agreement, which Oakland’s port commission gave initial approval to on Nov. 9, caps nearly 15 years of planning for what the port has called its most-anticipated growth project ever.
The automated car subsidiary of Google parent Alphabet Inc. started testing a fleet of self-driving vehicles on public roads in Phoenix last month without anyone behind the wheel.
After a record-setting year, although import volumes at major container ports across the U.S. are not expected to decline in 2018, the rate of import growth is likely to slow considerably, according to the latest Global Port Tracker report.
Now North America’s largest provider of truckload services, Knight-Swift Transportation Holdings recorded a net income of $4.2 million on revenues of $521.6 million for the quarter, according to the newly merged firm’s most recent financial statements.
Spot container rates from Shanghai to Europe declined 6.5 percent since last Friday, while rates from Shanghai to the Mediterranean fell 6.2 percent, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index.
South Korea’s largest ocean carrier recorded a net loss of 60.3 billion South Korean won (U.S. $54 million) for the third quarter of 2017.
The ocean carrier has announced three new services between South China and the Philippines that will commence sailing by the beginning of December.
The index, a composite of container freight rates on eight major routes to/from the U.S., Europe and Asia, is also down 9 percent compared with the same period in 2016, according to London-based maritime consultant Drewry.
The 669,218 TEUs handled by Long Beach port terminals last month resulted in the busiest October ever for container traffic at the Southern California port.
