American Shipper

The South Korean ocean carrier has reached a deal with containership charterers and other creditors, according to Korean media outlets.

The German ocean carrier’s shareholders of Friday approved all items on the agenda for the annual meeting, most notably including the approval of new authorized share capital, which will be used toward the merger with UASC.

In addition to a 7 percent increase in container cargo, the severe congestion seen last year at ports along the U.S. West Coast caused an increase in diesel particulate matter, nitrogen oxides, and greenhouse gasses at the Port of Long Beach in 2015.

The containership lessor sold 3.2 million Series G shares at $25 per share ($80 million) in an offering that closed Friday, and 9 million Series H shares earlier this month at the same price ($225 million total).

The liquefied national gas (LNG) terminal has been expanded to include a third berth for small LNG vessels, which will enable distribution to LNG terminals in other ports in the North Sea and Baltic where large LNG tankers are prohibited to transit.

Multi-modal container transport and logistics company Samskip said it expects its Norway business to increase from the current 55,000 TEUs per year to 90,000 TEUs per year due to its acquisition of Euro Container Lines AS.

The Westbury, N.Y.-based non-vessel-operating common carrier opened a new office in Dubai and now operates 18 offices and works with over 120 agents worldwide.

Ocean carrier CMA CGM of France announced new Freight All Kinds tariffs on multiple trades.

Kalmar, a subsidiary of cargo-handling equipment and systems manufacturer Cargotec, appoints new head of the Asia-Pacific region, while the Florida East Coast Railway names VP of carload sales.

The absolute void of discussion about the free trade deal the United States helped to instigate is the height of hypocrisy, and sends worrying signals to our trading partners.

The U.S. Department of Agriculture said the nation’s agricultural trade surplus is also expected to increase to $19.5 billion for fiscal year 2017, up 40 percent from $13.9 billion for fiscal year 2016.

With 13 of the top 20 container lines reporting combined losses of $2.5 billion in the first half alone, industry losses will likely range from $8 billion to $10 billion for the full year, according to Lars Jensen, CEO of SeaIntelligence Consulting.

The U.S. Department of Transportation said it is seeking to make speed limiting devices a requirement on all newly manufactured trucks with a gross vehicle rating of more than 26,000 pounds.

The Shanghai Containerized Freight Index slipped 0.2 percent since last week to a reading of 596.38.

However, Hanjin’s creditors plan to decide whether to put the liner carrier under receivership by Tuesday, Yonhap news agency reported.

The new regulation, Chapter 173-185 WAC, Oil Movement by Rail and Pipeline Notification, establishes reporting standards for facilities receiving crude oil transported by rail and pipeline, according to the Washington Department of Ecology.

Reported cargo thefts in the state of Rio de Janeiro for the second quarter surged 34 percent year-over-year to 2,151 reported incidents as the nation’s economy continues to shed jobs.

The parcel giant’s trucking unit plans to lay off 80 workers during third quarter 2016, and another 80 over the next year as part of an effort to cut costs and streamline operations, according to a statement from the company.

Rickmers Holding AG and E.R. Capital Holding said they have jointly decided not to pursue the merger of their ship management activities “for the time being.”

The United States boosted steel import volumes 12.3 percent month-over-month in July to 3.17 million net tons, thanks to a surge in steel imports from Brazil.