The South Korean shipbuilder signed a deal with Iran’s Industrial Development and Renovation Organization to help spur Iran’s shipbuilding industry.
The Dubai-based terminal operator increased its stake in Pusan Newport Company Limited to 66.03 percent.
The Belgian port experienced an increase in throughput from 2015 to 2016, driven by increased shipments of liquid bulk and containers.
Hyundai Merchant Marine said it has “coherent strategies” for reaching its goal of increasing its share on the container market to 5 percent by 2021.
Technology is the fundamental reason why the manufacturing jobs of the 1950s and ‘60s have gone away and won’t come back, not trade deals and currency devaluation, according to American Shipper IT Editor Eric Johnson.
The Israeli ocean carrier will withdraw from the Transpacific Stabilization Agreement Dec. 31, making it the fifth carrier to leave the group this year.
The 2M Alliance will skip various sailings on the Asia-North America and Asia-North Europe/Mediterranean trades, while Hapag-Lloyd unveiled skipped voyages between Asia and South America.
The Baltic and International Maritime Council said tonne-miles from U.S. coal exports have declined by half over the past thee years.
The new Enviva terminal at the Port of Wilmington will export wood pellets to Europe, and is just part of the port’s modernization plan.
The industrial logistics real estate developer will establish a logistics park in Sagamihara, Japan, which it said has emerged as a major logistics hub due to the lack of quality logistics space and available land parcels in metropolitan Tokyo.
New ship orders declined in 2016, driven down by overcapacity and sluggish global trade growth, and although devastating for shipyards and their workers, the drop may be necessary if the health of the container liner industry is going to be restored.
Trade data technology provider Datamyne has been acquired by logistics and customs software maker Descartes in a $52.7 million deal intended to help Descartes’ customers make more informed supply chain decisions.
Despite mergers and acquisitions, the industry is still plagued by overcapacity, and cost for new entrants is low.
U.S. Customs Commissioner Gil Kerlikowske had a steadying influence on trade matters, but a Trump administration could shake things up next year.
Although the Shanghai Containerized Freight Index has remained stagnant over the past several weeks, the index is 68.6 percent higher than 12 months prior, and was especially boosted after Hanjin’s insolvency in August 2016.
The Japanese liner carrier said it has suffered considerable damage after some of APL Logistics’ employees disseminated false information about its financial health.
Wilmerding, Penn.-based Wabtec Corporation’s most recent acquisition was its purchase of Workhorse Rail, which has annual sales of about $35 million.
A World Trade Organization dispute settlement panel has sided with the United States in a challenge to Indonesia’s range of trade restrictions on horticultural and animal products.
The U.S. Federal Aviation Administration proposed civil penalties against three shippers that violated the country’s hazardous materials transport regulations.
