COSCO may make a bid of more than $4 billion for Hong Kong-based Orient Overseas Container Line, according to various media reports.
The deployment of ultra-large containerships has not only increased average vessel size on key east west trades, but has accelerated the consolidation of carriers into vessel sharing agreements and alliances.
The container freight market is strengthening as carriers begin some 2017 negotiations, and Drewry said some shippers could see contract rates rise 20-40 percent in worst case scenarios.
Liberty Woods International filed a lawsuit in personam against Dalia Ship Holding and in rem against Dalia’s ship, the Ocean Quartz, seeking $1.4 million for damage it said occurred to shipments of plywood.
Donald Trump said his actions led the world’s second-largest automaker to declare a $1 billion investment in U.S. manufacturing operations this year.
William Dudley, president of the Federal Reserve Bank of New York, raised questions about the unintended consequences of a House Republican proposal that would significantly hike taxes on imports.
The World Customs Organization entered into a memorandum of understanding with the Organization for the Prohibition of Chemical Weapons (OPCW) to strengthen national and international controls related to trade of toxic chemicals.
After a record setting year in 2016, containership scrapping could reach 750,000 TEUs in the coming year, according to industry analyst Alphaliner.
Port of Seattle Commission elects new leadership, while American Trucking hires senior vice president of legislative affairs and Aljex Software creates new position, vice president of technology.
The Jacksonville, Fla.-based Class I railway said that in 2016, the industry continued to face headwinds from low global commodity prices and the strength of the U.S. dollar.
U.S. and Canadian lumber industries set to renew trade skirmish after lapse of key agreement
The cloud-based rate management software provider launched a new upload platform to give forwarders and shippers access to real-time carrier rate and surcharge changes.
A study prepared for the Directorate-General for Climate Action found that savings from Flettner rotors and wing sails are seen as comparable.
The German ocean carrier said the bonds are not for sale in the United States, and proceeds will be used for early redemption of notes due later this year and for general corporate purposes.
CBP Commissioner Gil Kerlikowske said in his final big speech before leaving office that the agency’s enforcement, security and trade facilitation missions cannot succeed without working closely with overseas counterparts.
A Boeing 747 cargo plane operated by ACT Airlines crashed Monday during its decent into Kyrgyzstan’s Bishkek-Manas Airport.
All of the facility’s new services operate on a pay-per-use model with no capital spend or fixed costs.
A fire broke out in the engine room of the Alliance St. Louis on early Monday morning in the Gulf of Mexico.
Looking ahead at 2017, Duluth Seaway Port Authority Public Relations Director Adele Yorde told American Shipper the port authority will be completing a “de-bottlenecking project” on the main footprint of its Clure Public Terminal this year.
The new center at APL’s corporate headquarters in Singapore has been designed to serve CMA CGM Group’s fleet in the Asian region by examining nautical, meteorological and geographic information in real-time, 24 hours a day, 7 days a week.
