American Shipper

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).

SAL Heavy Lift, a Hamburg, Germany-based ocean carrier specializing in the transport of project and oversized cargoes, will place its six ships under the German flag, the company said in a statement.

The empty containers were aboard the MOL Maxim, a seven-year-old, 79,373 deadweight-ton vessel, when they fell into the water in the Port of Oakland’s outer harbor.

The two energy providers have agreed to collaborate on a pilot project as part of a greater discussion on the use of biofuels as a sustainable alternative fuel for the future of shipping.

Abu Dhabi Ports now has the exclusive ability to enhance the Port of Fujairah’s existing infra and super structure, plus manage all container, general cargo, roll-on/roll-off (ro-ro) and cruise ships at the port.

Shin Yang Shipping Corp. Berhad’s wholly-owned subsidiary filed a claim against PT Gemilang Raya Maritime for failing to pay RM 6 million (U.S. $1.43 million) for four vessels it purchased from the company.

Jacksonville Port Authority selects chief executive officer and Heartland Rail names business development director.

Insurance and reinsurance meaures The U.S. and the EU have signed an agreement covering three areas of prudential insurance oversight. Second Special Session of the U.S.-Korea FTA Joint Committee The second special session of this the U.S.-Korea (KORUS) Free Trade Agreement will be held in Washington, DC on October 4, 2017. Dispute Settlement Body meeting […]

Ports in the eastern Caribbean island are under condition ZULU, with San Juan closed indefinitely due to lack of power and telecommunications, as Hurricane Maria makes her way northwest.

MSC, Maersk Line, Hapag-Lloyd and CMA CGM are reorganizing their South America services in the months leading up to Maersk closing its acquisition of north-south specialist Hamburg Sud and finalizing the sale of its Brazilian cabotage subsidiary Mercosul.

Previously set at 2.4 percent, the world trade forecast has been increased to 3.6 percent due to strong North American imports and Asian export recovery, according to the World Trade Organization.

The Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI) fell 5 percent since last Friday as spot container rates declined from Shanghai to Europe, the Mediterranean and the United States.

The Texas Gulf Coast port sustained damage to all of its navigational aides, preventing vessels from sailing through the channel at night, according to local news outlet kristv.com.