The Taiwanese ocean carrier will offer the shares to existing shareholders, Yang Ming employees and the general public as part of the company’s ongoing recapitalization plan.
The now-detained MSC Alice reportedly severed a fiber optic cable that supplies Somalia’s internet late last month and government authorities have yet to bring the country back online, according to multiple news sources.
The French shipping conglomerate and Antwerp, Belgium-based refrigerated container transport specialist Seatrade Group have agreed to offer a combined weekly reefer service between Europe and Oceania starting in October.
Physical supply chains have evolved to be sequential in nature, like relay racers passing a baton, but there’s no reason the documentation associated with each shipment has to travel in lockstep with the physical movement of that shipment.
The National Transportation Safety Board has released a preliminary report on the June 27 incident in Washington, D.C., in which two CSX employees were struck and killed by an Amtrack train.
The Dubai-based global port terminal operator has agreed to take over a terminal at the south of France port that will focus initially on feeder services in the Mediterranean.
The latest time charter agreement between Maersk Line and Athens-based ship lessor Diana Containerships is for a 6,541 TEU post-Panamax container vessel for a period of up to 18 months.
The carbon dioxide emissions reductions came as company’s 85 vessel fleet carried over 5 million TEUs to over 70 countries around the world last year, according to recent data from the Singapore-based CMA CGM subsidiary.
The transaction comes in the form of a stock purchase, under which Hyundai Glovis will take over Eusu Ship Management from Eusu Holdings for about $9.7 million.
The new agreement comprises the management of three 8,400-TEU container vessels and includes crew and technical management, plus additional services relating to safety/security, environmental protection and energy efficiency.
Freight payment vendors have stayed out of trouble lately, but that’s no excuse for shippers to not manage relationships closely and strategically.
The end result of a three-year legal struggle to liberalize Spanish ports, the lump sum fine of $3.4 million was significantly less than what was first decreed in 2014.
Klaus-Michael Kuehne of Kuehne Holding took advantage of TUI’s sale of its shares in the German ocean shipping company to increase his own ownership stake, according to multiple news sources.
Expansion work at the Port of Liverpool’s Liverpool2 container terminal was initiated on Friday, Peel Ports Group, the owner of the United Kingdom port, announced.
The liquid bulk vessel Los Llanitos ran aground in 2015 during Hurricane Patricia and is currently leaking oil, despite reports that all petroleum products were pumped out in 2016, according to local authorities.
Danish contractor Explicit will monitor sulfur emission from ships by sampling exhaust plumes from vessels in waters around Denmark.
The government approval means the retail giant can stock itself and sell groceries via partners, according to multiple news sources.
The U.S. diesel-powered heavy truck fleet of about 3 million vehicles is now 30 percent cleaner in terms of emissions and more fuel efficient than it was five years, according to a recent study by the Diesel Technology Forum.
The Federal Maritime Commission completed compromise agreements with eight non-vessel-operating common carriers and one unlicensed entity for Shipping Act violations which resulted in the collective recovery of $925,000 in civil penalties.
A former general manager at Timber Creek Resources in Newton, Wis., pleaded guilty and was sentenced this week for criminal violations of U.S. Plant Protection Act regulations that govern the use of wood packaging material in international trade.
