AP Moller Holding, together with PKA, PensionDanmark and Laegernes Pension, launched a new Africa infrastructure fund with a capital commitment of $550 million.
During the 10-month period from Oct. 1, 2016, through July 31, 2017, Port Manatee, located on the Florida Gulf Coast, handled 32,907 TEUs, significantly more than its previous full-year high mark.
The THETIS-MRV system enables companies responsible for the operation of large ships using European Union ports to report their CO2 emissions, as required by law beginning Jan. 1, 2018, under the EU’s Monitoring, Reporting and Verification Regulation.
The air cargo services provider reported an income from continuing operations, net of taxes, of $39 million compared with the $20.9 million in the same period in 2016.
Saudi Archirodon Co and Huta Hegerfeld AG Saudia Co have been awarded a contract for dredging, reclamation and marine structures at the King Salman International Complex for Marine Industries in Saudi Arabia.
Azim Makanojiva, president of e-commerce firm Zaappaaz, pleaded guilty to a one-count criminal violation of the Sherman Act for allegedly conspiring to fix prices for customized promotional products sold online to customers.
The Port of Long Beach gains new communications director, and Virgin Atlantic Cargo hires an account manager in Melbourne.
Jon Slangerup, the former executive director at the Port of Long Beach, is now leading the charge at Atlanta-based American Global Logistics, a cloud-based technology provider focusing on customized and proprietary fourth-party logistics (4PL) technology.
THE Alliance contingency fund amendment An amendment on contingency fund for members experiencing financial distress/insolvency event has been added to the original THE Alliance FMC agreement. Trade Adjustment Assistance petitions The Economic Development Administration (EDA) has received petitions for certification of eligibility to apply for Trade Adjustment Assistance from four firms. Marine technology and standards […]
With the start of new mega alliances and a bid for the company by Chinese conglomerate COSCO Shipping, Chairman C.C. Tung said a combined group would have the best chance at survival.
The U.S. Department of Transportation notified Congress of its proposed grant awards for 10 freight-related roadway, rail and port infrastructure projects last Wednesday, initiating a 60-day period in which Congress could vote to disapprove the list.
The Northern California port’s $324 million refinancing will save $44 million in debt service payments over 13 years, thanks to the current favorable interest rate environment, the port said Monday.
The first sailings of the Miami-based ocean carrier’s new services are targeted for mid-late November, according to Atlantic Coastal Shipping President and CEO Armando Bustillo.
The title to the heavy-lift cargo vessels will pass to the ZEABORN Group by the end of September, but they are already available to the shipping company without any restrictions.
Box tonnage at France’s largest seaport for the first six months of the year rose 10 percent to 6.6 million metric tons and helped boost general cargo total 12 percent to 10.3 million metric tons, according to recent data from the port.
The latest readings of the WTO’s World Trade Outlook Indicator suggest that global merchandise trade growth will remain above trend as we enter the third quarter of 2017.
Effective Aug. 23, Miami-based ocean carrier Seaboard Marine will begin offering two weekly sailings to Costa Rica, with the first providing three-day transit to Puerto Limon, departing from PortMiami each Wednesday with cargo availability Monday mornings.
During the month, Mexico was the leading market for U.S. pork and lamb exports in terms of volumes and value, while Japan was the top market for U.S. beef exports, according to data compiled by the U.S. Meat Export Federation for the USDA.
