South Korean shipping conglomerate Hyundai Merchant Marine’s attempt to renegotiate charters could affect owners such as Greece’s Danaos.
Manufacturers in the United States increasingly depend on exports and trade deals like the Trans-Pacific Partnership help even the playing field, bringing down barriers to access foreign markets, according to a National Association of Manufacturers panel.
The national maritime shipping line of Iran resumed calls to North Europe this week with its European Container Line service, which operates with two 2,478-TEU vessels.
Seven of the 15 routes measured by the Shanghai Containerized Freight Index fell to all-time lows this week, according to Richard Ward, a container derivatives specialist at Freight Investor Services.
The Dubai, United Arab Emirates-based global port operator said slower volume growth at its terminal operations in 2015 was offset by revenues from the recent purchase of Economic Zones World in Dubai.
The Port of Charleston exported the 2 millionth BMW automobile manufactured in South Carolina during the month, highlighting increases in vehicle and breakbulk volumes at the port.
Truckload pricing grew just 0.5 percent year-over-year in February, causing analysts at Avondale Partners to adjust their pricing forecasts downward to a range between -1 percent and 2 percent for the remainder of the year.
Global terminal operator APM Terminals said it’s moving forward with development of its new semi-automated Lázaro Cárdenas Terminal 2 (TEC2) project on the West Coast of Mexico, representing an overall investment of $900 million.
The German cargo airline’s earnings before interest in tax totaled 3 million euros (U.S. $3.4 million) for the year, a 97.6 percent decline from 2014.
Rates fell another 3.8 percent for the month compared to February of last year, the 14th consecutive month prices have decreased, according to the latest Cass Intermodal Price Index.
DB Schenker and GLS Group announced an agreement Friday to jointly provide parcel delivery services throughout Germany.
Premium Transportation Services, which does business as Total Transportation Service Inc., cited industry, political and legal headwinds as reasons it filed for federal bankruptcy protection in Delaware on Monday.
Brookfield Infrastructure and Qube Holdings have ended their bidding war for Asciano Ltd., partnering with several global funds to purchase the Australian rail and port operator in a deal worth $6.7 billion.
The Class I railway said the decision to lay off workers at the railyard and mechanical facilities in Russell, Ky. was a direct result of a continued slump in coal volumes, according to a report from the Associated Press.
International Union of Marine Insurers says there has been an increase in damage to engines from “cat fines,” with incidents costing anywhere from $300,000 to $1 million, adding that “the trend has now turned encouragingly downward.”
Sen. Amy Klobuchar, D-Minn., introduced an amendment to the Federal Aviation Administration Reauthorization bill that would eliminate the exclusion of all-cargo operators from the FAA’s new Flightcrew Member Duty and Rest Requirements.
The Rotterdam-based ocean carrier doubled down on its West Africa operations by acquiring the multi-purpose division of Maersk Line subsidiary Safmarine.
Fiscal year-to-date, container volumes have grown 8 percent at PortMiami, driven in part by an increase in medical instruments and devices imported from Costa Rica.
The Pacific Northwest port posted increases in volumes of steel, project cargo, grain and automobiles in 2015.
The illegal narcotics, valued at over $6 million, were discovered inside a refrigerated container consisting of frozen pineapples from Costa Rica.
