Operations at the Netherlands-based FedEx subsidiary are slowly but surely coming back online after experiencing havoc late last month when a computer virus ravaged critical business systems.
The liquid bulk carrier Argent Cosmos, a seven-year-old, 557-foot vessel managed by Singapore-based Tokyo Marine Asia, was loaded with over eight million gallons of ethanol and other chemicals when it ran aground July 6 near Skamokawa, Wash.
The South Korean ocean carrier signed a memorandum of understanding with Saigon Newport Corp. for the joint development of port and container depot facilities in Vietnam.
The United States increased its amount of beef, pork and lamb exports in terms of volumes and value in May compared to a year prior, according to data from the U.S. Department of Agriculture and the U.S. Meat Export Federation.
Janel Group, Inc. names new president, while the U.S. Army Corps of Engineers, Charleston District appoints new commander.
EU registration of steel The European Union now requires imports of corrosion resistant steel from the People’s Republic of China to be registered. EU-Canada trade agreement The European Union and Canada have agreed to begin operating under the Comprehensive Economic and Trade Agreement in September 2017, per discussions at the G-20 summit in Hamburg. Export […]
After the purchase, container carriers COSCO Shipping Lines and OOCL will continue to operate under their respective brands, with a combined fleet of 400 vessels with capacity exceeding 2.9 million TEUs including orderbook, the companies said Sunday.
Under the terms of the deal, Chinese conglomerate COSCO Shipping will own 90.1 percent of Orient Overseas International Ltd., parent of Hong Kong-based container carrier OOCL, while Shanghai International Port Group will hold the remaining 9.9 percent.
The European Union and Japan have reached a political agreement in principle on a economic partnership agreement European Commission officials say “will be the most important bilateral trade agreement ever concluded by the EU.”
Moving one step closer to completion, Japanese carriers MOL, NYK and “K” Line have now established an integrated container shipping business via operation and holding companies in Singapore and Tokyo, respectively.
Shipment volumes grew 7.1 percent in May 2017 compared to the year prior, confirming the first positive indication in October 2016 was a change in trend and not a one-off anomaly, according to the latest Cass Freight Index Report.
Spot container rates from Shanghai to Europe, the Mediterranean and the United States all declined since last Friday, according to the latest figures from the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index.
Spot container rates from Shanghai to Europe, the Mediterranean and the United States all declined since last Friday, according to figures from the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index.
Maersk Line and parcel carrier TNT Express are just now getting major functions back online after last week’s massive cyber attack, compounding a systematic problem that needs to be addressed immediately, according to SeaIntel’s Lars Jensen.
The National Customs Brokers and Forwarders Association has offered the Federal Maritime Commission myriad suggestions on how the agency rules applying to NVOs and forwarders should be amended or eliminated.
Meanwhile, President Donald Trump is currently attending the G20 Summit in Hamburg, where members – comprising 19 countries and the European Union – are discussing international trade, among other global issues.
The purchase expands American Fast Freight’s global logistics platform by adding, among other things, 2 million square feet of warehouse space and 150 rail spots, according to a statement from the company.
The new Delma Port west of Abu Dhabi in the Persian Gulf has been inaugurated and will function as a multipurpose port for cargo, ferries and fishing vessels, according to multiple news outlets.
The U.S. Federal Maritime Commission has received 15 ocean transportation intermediary license applications and changes for review.
Digital radiography determination U.S. Customs and Border Protection has determined that United States is the country of origin of the fully assembled and installed DRX-Ascend Digital Radiography system. Steel bar determination The International Trade Commission has determined that an industry in the United States is materially injured by reason of imports of steel concrete reinforcing […]
