In addition, the United States Senate on Saturday passed S.612, the Water Infrastructure Improvement for the Nation Act, which included Congressional authorization for the 52-foot Charleston Harbor Deepening Project.
The Shanghai Containerized Freight Index increased 3.4 percent since last Friday to a reading of 824.39, largely driven by significantly higher rates from Shanghai to the United States.
The Athens-based containership owner and chartering company’s earnings were hindered by Hanjin filing for bankruptcy at the end of August and the charter restructuring agreement it entered into with Hyundai Merchant Marine in July.
Truckload pricing dipped another 1.5 percent for the month compared to November 2015, the ninth consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.
In association with FourKites, AFN will work with carriers to track their fleets with the latest real-time tracking technology, and a decent amount of these carriers will be using FourKites’ Comprehensive Real-Time Tracking Platform by the end of 2016.
Intermodal pricing increased 0.3 percent for the month compared with the same 2015 period, just the second year-over-year increase since December 2014, according to the latest Cass Intermodal Price Index.
Port Manatee elects board chairwoman and officers, while Canadian Pacific Railway appoints new board member and Port of Los Angeles names deputy police chief.
Emerging technologies are helping the ocean and trucking industries work together in more meaningful ways.
Under new rules that took effect last month, freight forwarders managing inbound shipments to Canada must now submit electronic house bills of lading prior to arrival.
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.
