The audio transcript from the ill-fated TOTE Maritime cargo vessel’s voyage data recorder was one of five factual reports added to the investigation docket, the National Transportation Safety Board said in a statement.
South Korean ocean carrier Hyundai Merchant Marine is backing out of a joint bid with MSC for Hanjin’s 54 percent stake in the largest container terminal at the Port of Long Beach, according to a report from the Wall Street Journal.
The Port of Los Angeles established a new throughput record in November, while the nearby Port of Long Beach saw container volumes fall 13.8 percent year-over-year during the month.
The Danish shipping bank said it believes seaborne trade volumes in 2030 will be a little higher than today, growing by just 1 percent on average each year.
After determining U.S. supply chains could benefit from a national information portal, a new set of innovation teams led by three port executives will look at issues affecting U.S. exporters next.
The London-based shipping research and consulting firm said many European importers have received annual carrier bids for contracts effective from January, with higher fixed rates than in 2016.
Accounting firm Samil PricewaterhouseCoopers told the Korean court overseeing the bankruptcy of Hanjin Shipping that liquidating the carrier would be “more economical” than continuing its rehabilitation, Korea’s Yonhap News Agency reported.
The integrated commercial and industrial property group’s logistics park next to the Pudong International Airport’s third runway has secured five new major customer commitments totaling 98,120 square meters.
The Port Authority of New York and New Jersey names new aviation director, while SEKO Logistics appoints vice president of ocean services and Worldwide Flight Services hires global head of safety and security.
The U.S. maritime regulator granted the five-member ocean carrier alliance approval to take effect Dec. 19.
The U.S. maritime regulator granted the five-member ocean carrier alliance approval to take effect Dec. 19.
Jakob Stausholm, chief financial officer at Maersk Line, said the Danish ocean carrier’s gains in market share, utilization, and lower unit costs have been overshadowed by very low freight rates.
Tom Cook, managing director of Blue Tiger International, discussed how e-commerce has evolved over time and has provided advice to companies looking to enter into or further develop their e-commerce markets and supply chain requirements.
The signing of a bilateral agreement between the European Union and Cuba is seen as the first step toward normalizing political and economic relations with the Caribbean island nation.
FedEx Express Chairman and CEO Fred Smith said the President-elect should seek changes in the Trans-Pacific Partnership agreement negotiated among the United States and 11 other countries, rather than outright reject it.
The U.S. Bureau of Labor Statistics said Tuesday U.S. import prices in November fell 0.3 percent from a month prior, resulting from lower fuel prices, while export prices fell 0.1 percent month-over-month due to a drop in non-agricultural prices.
The commercial aircraft manufacturer reached a $16.6 billion deal with Iran Air for 80 airplanes, and expects demand for airline pilots and technicians across the globe will rise, thanks to expanding economies and airlines taking delivery of new jetliners.
The Vaughan, Ontario-based drone technology company has entered into an agreement with UAP Inc. (NAPA) to test a drone delivery platform.
Turkish Airlines awarded a cargo handling contract in Johannesburg, South Africa to Africa Flight Services.
Browser-based multi-purpose payment provider PayAnyBiz said it wants to make inroads in the maritime, trucking and logistics service provider industries to bridge the gap between payment and operations.
