The devestation caused by back-to-back hurricanes in the central Caribbean region has led to insured loss estimates of between $40 billion and $85 billion, according to catastrophe modeling firm AIR Worldwide.
According to the South Florida seaport’s charter, its chief executive can waive up to $10,000 in tariff charges for shippers transporting donated supplies or resources from governmental or charitable organizations.
Upon completion of the share purchase agreement, CTSB will cease to be an MISC joint-venture company, and the company will exit the tank terminal business, MISC said in a statement Monday.
The change is effective with the CMA CGM Theodore Roosevelt vessel voyage that has a Hong Kong ETA of Oct. 18 for the eastbound route, and an ETA of Nov. 18 in New York for the westbound route.
The British rail freight operation of Germany’s Deutsche Bahn successfully operated a 606 meter-long train with 34 wagons, compared with the usual 21 wagons.
Alexandria, Va.-based truck driver staffing agency TransForce, Inc. has acquired the assets of Driving Ambition, a commercial driver’s license (CDL) staffing firm serving Indiana, Ohio, Kentucky, Tennessee, Missouri and Michigan.
Advanced robotic, radio-frequency identification (RFID), vision recognition system and autonomous technology are among the features to be installed at the new location, according to third-party provider Yusen Logistics.
The Kenyan port also received a $338 million loan from the Japanese government for the second phase of its container terminal expansion project, according to multiple news reports.
project44 makes additions to its sales and engineering teams, and Worldwide Express hires chief technology officer.
Paul F. Richardson, considered by many in the maritime business to be among the founders of the now 65-year-old container-shipping industry, passed away on Sept. 24 at the age of 88.
2017 Special 301 Out-of-Cycle Review of Colombia The Office of the United States Trade Representative (USTR) will conduct an out-of-cycle review of Colombia and asks for written comments regarding the review. Imposing Additional Sanctions on North Korea The President has imposed additional sanction on North Korea, citing ballistic missile launches, nuclear test, human rights abuses […]
The program is expected to be launched in October for participants in the Free and Secure Trade (FAST), a commercial clearance program for known low-risk shipments entering the U.S. from Canada and Mexico, according to Customs and Border Protection (CBP).
Manila-based terminal operator International Container Terminal Services, Inc. (ICTSI) has entered into a purchase agreement for Patron’s 10,499,000 shares in the Philippine port terminal, valued at 1.75 billion Philippine pesos (U.S. $34 million).
The Greek containership owner and leasing company has revealed it will carry a one-for-three reverse stock split, reducing the total number of common shares in circulation from roughly 3.2 million to about 1.1 million.
The Alibaba-backed logistics provider plans to use its $450 million initial public offering funds to expand its convenience stores and warehouses to enable last-mile services, according to a report from Reuters news service.
Class I freight railroads in the United States employed 147,319 workers in August, down 0.15 percent from July and a 3.56 percent drop from August 2016, according to the Surface Transportation Board.
Eric Green, who has been serving as interim chief executive officer at the North Florida port since the resignation of Brian Taylor in March, has been selected as the new CEO of the Jacksonville Port Authority (JAXPORT).
