U.S. Customs and Border Protection will consolidate its national targeting centers for cargo and passengers in a new facility early this fall.
Struggling South Korean conglomerate Hanjin Shipping may have caught a break this week as bondholders have agreed to extend the maturity of debts by four months, according to a report from Yonhap news agency.
The new freight index, which has been under development since 2014, was initially modeled after the Shanghai Containerized Freight Index but with an exclusive focus on air cargo.
The growth in demand for seafarers could generate a serious shortage unless training levels are increased significantly, according to a report by the Baltic and International Maritime Council and International Chamber of Shipping.
The ocean carrier attributed the reduction in its carbon dioxide emissions primarily to improvements in operational efficiency, fleet and voyage optimization, technical improvements, as well as more fuel-efficient and environmentally-friendly vessels.
After overtaking the U.S. as the world’s largest wheat exporter, Russia is becoming a bigger part of the corn market with expectations for a record crop.
Investment firm HCI Group, along with two other investors from among its shareholders, took over 13 containerships from HSH Nordbank.
The third-party logistics provider formed an agreement with CNH Industrial to manage the company’s agricultural and commercial vehicle spare parts supply chain requirements in Shanghai, China.
Inchcape Shipping Services has named its global compliance officer, while Kane Is Able has hired a senior vice president of human resources.
The 19 ocean carrier members of the Ocean Carrier Equipment Management Association are collaborating with six U.S. ports to establish a harmonized container weighing process.
The 19 ocean carrier members of the Ocean Carrier Equipment Management Association are collaborating with six major East and Gulf coast ports to establish a common streamlined “Terminal Weighing Approach.”
Many importers remain confused about how the safety rule will be implemented and whether there will be any supply chain disruption as the shipping industry adjusts to new procedures.
South Carolina Ports Authority officials will not charge $25 to weigh containers to meet the SOLAS verified gross mass requirements because the authority has determined it doesn’t need to send the info to shippers.
The Puyallup, Wash.-based shipping company’s last call at the Port of Portland, Ore. will be Saturday, May 21.
Sen. John Thune, R-S.D. asked Federal Maritime Commission Chairman Mario Cordero for the agency staff to brief the committee staff on this issue by no later than May 31, 2016.
Third-party logistics provider CJ Korea Express is considering purchasing Netherlands-based CEVA Logistics from private equity firm Apollo Global Management, according to a report from industry news outlet The Loadstar.
Many East Coast ports reported a decline in loaded container volumes during the month, reflecting the fact that the overall container trade is tepid, South Carolina Ports Authority CEO Jim Newsome explained.
Frank Lonegro, chief financial officer of the Class I railway, told investors and analysts at the Bank of America Merrill Lynch Transportation Conference in Boston the company expects volumes to decline in the high single digits in the second quarter.
The Northwest Seaport Alliance handled higher volumes of loaded container imports and loaded container exports in April compared to April 2015.
Deutsche Post appointed Tim Scharwath, who until recently served as head of global airfreight at Swiss-based third-party logistics provider Kuehne + Nagel, as chief executive for DHL Global Forwarding, Freight.
