Turkish port operator Yilport Holdings AS is acquiring chemicals and petrochemicals storage and port company Solventas for over $200 million.
The jump in April export volumes was driven by chemicals, machinery and oil, according to the Office for National Statistics.
The South American nation’s chicken producers have not purchased any corn from the United States so far this year over concerns that Brazil’s stringent regulations on genetically modified organisms threaten to hold up shipments.
Recently purchased APL parent Neptune Orient Lines couldn’t cut costs fast enough to compete in an increasingly commoditized market, chief executive Ng Yat Chung said in a surprisingly candid interview with Singapore’s Straits Times.
The Jones Act requires waterborne cargo between two points in the United States to be transported on vessels that are American built, owned and crewed.
Getting importers and brokers to let go of the legacy CBP trade processing system and start filing in ACE has been a challenge, but in recent months ACE adoption has taken off.
General Motors Global Customs Director Amy Martin discussed how tackling projects in a way that stretches beyond compliance got her greater attention for duty reduction initiatives.
Shipyards will sell $7.3 billion in assets and the government has created a $9.5 billion fund to support lenders to shipyards and shipping companies.
The Dubai-based port terminal operator has been granted a 50-year concession for the development of a new multi-purpose port facility in Posorja, Ecuador, 65 kilometers from Guayaquil.
The CSAV executive, Mauricio Javier Garrido Garcia (Garrido), is accused of participating in the conspiracy from as early as 2000 until at least September 2012.
The San Rafael, Calif.-based global logistics and transportation services provider will begin processing vehicles in Baltimore next month.
The ocean carrier alliance will suspend its Central China 1 loop for six weeks, which is dedicated to the transpacific trade, while the Central China 2 loop will add calls during those six weeks to provide additional coverage.
Choi Eun-young, former head of South Korean ocean carrier Hanjin Shipping, was summoned by prosecutors Wednesday over suspicions of insider trading.
The ocean carrier has committed to using an electronic filing solution from INTTRA to comply with pending container weighing rules set to come into force July 1.
The newly merged China COSCO Shipping Co. officially launched COSCO Shipping Energy Transportation Co. earlier this week and appointed Sun Jiakang to lead the bulk segment of China’s largest shipping conglomerate.
Shanghai Yigian Trading Company has acquired an 82.5 percent share in the struggling airport from German federal state Rhineland-Palatinate for an undisclosed sum, according to a statement from the state government.
Ports covered by the Global Port Tracker report handled 1.44 million TEUs in April, up 9.1 percent from March but down 4.6 percent from April 2015, according to the National Retail Federation and Hackett Associates.
The country’s export volumes stabilized in May, with a weakening currency giving some support to growth in the world’s biggest trading nation, while imports signaled improvement in domestic demand.
Shipments from U.S. ports fell 8 percent year-over-year to 5.5 million tons in May, while loadings from Canadian ports tumbled 20 percent year-over-year to 556,000 tons.
The Cleveland, Ohio-based logistics solutions provider expanded its nationwide warehouse network with the opening of a 100,000-square-foot warehouse near the Port of Savannah.
