The Chinese port handled 2.94 million TEUs of containerized cargo for the month, according to data from the Shanghai International Port (Group) Co.
FedEx Corp.’s archrival said it is appealing the unconditional regulatory approval of the $4.8 billion acquisition “as part of ensuring a fair and thorough investigation,” according to a report in the Wall Street Journal.
The Canadian port reported container volumes rose 4.9 percent year-over-year to 3.1 million TEUs in 2015, a record for Port Metro Vancouver, due to increased trade with Asia.
Pilots at Belgium’s largest port maneuvered to berth Maersk Line’s 15,000-TEU containership Eleonara Maersk, the deepest-draft vessel to ever call at the Port of Antwerp.
The board of directors of FedEx Corp. declared a quarterly dividend payable April 1 to shareholders of common stock.
The AS Daily news report “Port of Houston sets container handling record in 2015” yesterday incorrectly stated Port of Houston handled just over 2 million TEUs in 2014. Houston handled 1.95 million TEUs in 2014, and exceeded 2 million TEUs in 2015 for the first time in the port’s history.
The South Korean ocean shipping conglomerate is also seeking relief from financial creditors by selling off various assets and stock, as well as issuing $24.4 million in new shares being purchased by Hyundai Group Chairman Hyun Jeong-eun.
United States Coast Guard officials made it clear at a Federal Maritime Commission hearing Thursday in Washington, D.C. the shipping industry will have to comply with International Maritime Organization verified gross mass requirements on July 1.
Maersk Line said in a recent statement it would work with Indian authorities to help improve facilities in Alang, but Patrizia Heidegger, executive director of the NGO Shipbreaking Platform, says the move is cost-driven.
The sluggish export market means the Port of Charleston could see flat growth for the next few months, according to Port Director Jim Newsome.
Chief Financial Officer of the Jacksonville, Fla.-based railway Frank Lonegro told the Barclays Industrial Select Conference in Miami the company expects a further 20 percent decline in coal volumes in 2016.
More than 2.13 million TEUs moved over the U.S. Gulf Coast port’s docks in 2015, up from just under 2 million TEUs in 2014, and new facilities and infrastructure expansion are expected to support additional growth.
An unnamed third party has filed an appeal with the Conselho Administrativo de Defesa Econômica regarding the regulatory body’s approval of a tie-up between FedEx Corp. and TNT Express, according to a joint statement from the companies.
The SEAS1/ASE1 loop, which is currently operated by ocean carriers CMA CGM, Hapag-Lloyd, Hamburg Sud and NYK, is switching from a weekly frequency to fortnightly.
The German container line is pilot testing a stowage platform from Oakland-based technology firm XVELA, a subsidiary of terminal operating system provider Navis.
White House officials and ministers from the 10 Association of Southeast Asian Nations met in California this week with the goal to expand economic ties between the United States and the regional trade bloc.
A total of 1,970 cargo thefts were reported in Europe, the Middle East and Africa throughout 2015, 669 in the fourth quarter alone, year-over-year increases of 46 percent and 152 percent, respectively.
The inland river port experienced a 23.8 percent month-over-month drop in barge tonnage to 112,594 tons in January.
Non-vessel operating common carrier Troy Container Line now provides less-than-container-load and full-container-load import and export consolidation services to all of Germany.
The third-party logistics provider’s new Las Vegas office opened Monday with an initial team of 20 employees.
