CEVA Logistics said it has secured a three-year contract to manage the European parts distribution for agricultural and industrial equipment manufacturer Vermeer.
The U.S. government in 2015 issued an estimated $804 million in duty drawbacks, less than 10 percent of the amount available to shippers, but upcoming regulatory changes should attract more shippers to the longtime duty refund program.
Contract orders for containerships are down 84.1 percent year-over-year so far in 2016, which is “exactly what the shipping industry needs,” according to Peter Sand, chief analyst at the Baltic and International Maritime Council.
The typhoon caused a 14,000-TEU containership to destroy two quay cranes at the Port of Kaohsiung’s sixth container terminal after the vessel slammed into them, and local port officials believe the terminal could be out of operation for weeks.
The Canadian port said it is looking into creating a breakbulk and bulk import/export terminal on Kaien Island, following the loss of breakbulk and general cargo capacity in 2007 when it converted the Fairview Terminal into a container terminal.
The Singapore-listed containership owner and operator is unable to meet on-going coupon and principal payments on $100 million Singapore (U.S. $73.2 million) on 8.45 percent notes due May 2017, the company said in a presentation to noteholders.
Despite the Port of Los Angeles reporting that August was its strongest month for container volumes since October 2006, the Port of Long Beach posted an 8.9 percent year-over-year drop in container volumes for the month to 641,029 TEUs.
President Obama signed a proclamation to reinstate Myanmar’s eligibility to the U.S. Generalized System of Preferences program that allows certain goods from developing countries to enter the U.S. duty free.
The U.S. International Trade Commission has released a new web page to provide information about how it plans to implement new duties related to the miscellaneous tariff bill process.
Aljex Software has joined with Triumph Business Capital to provide two working capital services to brokers, carriers and third-party logistics providers.
However, the Bellevue, Wash.-based third-party logistics and multi-modal transportation services company’s revenues for the fiscal year, which ended June 30, rose 55.7 percent year-over-year to $782.5 million.
Hamburg-based ship management company Hammonia Reederei sold the 3,100-TEU boxship Westphalia for scrap at a “weak” price of $240 per light displacement ton, according to a report from maritime news outlet Splash 24/7.
INTTRA appoints president for the Europe, Middle East and Africa region; and SEKO Logistics names VP of its home delivery business.
South Carolina Ports Authority President and CEO Jim Newsome outlined big ambitions for keeping Charleston a top 10 container port at his annual “State of the Port” address Monday.
The President of South Korea, Park Geun-hye, said corporate responsibility and moral hazards are creating adverse effects on its national economy and the government will not blindly support companies in financial trouble.
The Taiwanese ocean carriers have added new functions to their online systems in response to the unexpected service disruptions caused by Hanjin Shipping’s insolvency.
The mid-Atlantic port handled 235,511 TEUs of containerized cargo for the month, an increase of 7 percent from August 2015 and the busiest month in the port’s history, the Virginia Port Authority said in a statement.
The new Copenhagen-based company LinerGrid said it uses advanced mathematical simulations to provide container lines with information in order to make decisions.
Global port terminal operator APM Terminals, a subsidiary of Danish shipping conglomerate AS Moller Maersk, will invest $40 million in cranes at the Pier 400 facility in the Port of Los Angeles in an effort to prepare for ultra-large containerships.
The United States is challenging China in the World Trade Organization over what it views as excessive “market price support” for rice, wheat and corn production.
