The struggling South Korean shipbuilder will sell the new stock at 40.35 won a piece in a bid to strengthen its financial status, Yonhap News Agency reported.
The Swiss-based third-party logistics provider in May started printing the total amount of carbon dioxide emissions generated by sea freight shipments on each invoice.
In order to expand its protective and perishable service products and reduce customs inspections delays, the rail line has purchased 41 new gensets and successfully implemented a new “live” lift function on the U.S.-Canada border.
The two logistics services providers and freight forwarders have agreed to collaborate on their networks to enhance cargo flows between Central Asia and The Commonwealth of Independent States under China’s “One Belt One Road” trade initiative.
Petredec entered into an agreement with Bidvest Tank Terminals to develop a liquefied petroleum gas (LPG) import and storage facility in Richards Bay, South Africa.
Delta Air Lines Cargo appoints managing director, cargo global sales; and Roadrunner Transportation Systems, Inc. names president of Roadrunner Freight.
US, China finalize beef export details The U.S. and China have reached an agreement on final details of a protocol to allow the U.S. to begin beef exports to China, as part of the U.S.-China 100-Day Action plan announced in May. GAO report on trade enforcement The GAO has publish a report on the […]
Officials from the cities of Los Angeles and Long Beach on Monday signed a joint declaration that sets new targets for the cities’ ports to transition to zero-emissions operations.
The port operator subsidiary of Chinese conglomerate COSCO Shipping signed a $228 million deal to acquire 51 percent of shares in Noatum Port Holdings, giving the Asian shipping line access to Mediterranean and European networks.
The Rhode Island Department of Transportation has entered into a contract with Kapsch Traffic Com IVHS to design and build electronic tolling facilities and related infrastructure for the state’s controversial truck-only tolling program.
The World Trade Organization on Friday issued a compliance panel report in which the United States said it rejects nearly all the European Union’s claims that U.S. subsidies to Boeing have harmed Airbus’s ability to sell large commercial planes.
Mexico’s Federal Economic Competition Commission, the country’s primary antitrust agency, has levied fines against seven ocean shipping companies totaling $32 million for colluding on prices of routes in the auto transport services market.
The Danish ocean carrier is now accepting bookings for Qatar cargo for transshipment via the Port of Salalah in Oman after temporarily closing them last week due to rising diplomatic tension in the Middle East.
Through its subsidiaries SAAM Puertos and SAAM Inversiones, SAAM acquired a 15 percent interest in Iquique Terminal Internacional (ITI) from Grupo de Empresas Navieras, and now controls 100 percent of ITI, according to the port terminal operator.
State-run China Harbour Engineering Company and the Tanzanian government have inked a contract to expand the Dar es Salaam seaport in Tanzania, according to a report from Splash 24/7.
The short sea specialist will launch an additional loop between Klaipeda, Lithuania, and Gydnia, Poland, to the United Kingdom, doubling weekly capacity on the route.
However, U.S. lamb export volumes and total value for the month fell 23 percent and 19 percent, respectively, compared with the previous April.
WTO rejects EU claims against Boeing The World Trade Organization has issued a compliance panel report rejecting almost all claims by the European Union that U.S. subsidies to Boeing harmed Airbus’s ability to sell large civil aircraft. ITA terminates investigations on sugar from Mexico The International Trade Administration will terminate the antidumping duty investigations […]
President Donald Trump said his proposal would reduce permitting time for transportation infrastructure projects, and includes an investment in new federal support for infrastructure, which will be matched by significant private, state and local dollars.
The U.S. Transportation Department’s Federal Motor Carrier Safety Administration has announced two proposals that it said helps address the national shortage of qualified truck drivers.
