The independent common carrier commenced its Inter-Egypt Service this week and will launch its Egypt Izmir Service at the beginning of January.
Rates dropped another 2.4 percent in November compared to last year, the tenth consecutive month prices have fallen, according to the latest Cass Intermodal Price Index.
The Taiwanese ocean carrier will purchase slots on the CKI service, which is jointly operated by KMTC and TS Lines.
The Eurofos terminal, which is located in the French Mediterranean port’s western harbor, acquired two 54-meter high cranes with a 72-meter outreach.
South Carolina Ports Authority names carrier and shipper veteran to VP of HR, while the ports of Manatee and Tacoma and the IACSC install board leaders.
Meanwhile, aggregate spot container rates as measured by the Shanghai Containerized Freight Index fell 7.6 percent from last week, as rates from Shanghai to Northwest Europe and the Mediterranean tumbled 20.6 percent and 16.9 percent, respectively.
Monthly volumes at the Southern California port have exceeded 700,000 TEUs for the past six months, and the port is currently preparing for the arrival of the largest containership ever to call a U.S. port.
The Memphis, Tenn.-based integrator reported net income of $691 million on $12.5 billion in revenues in the second quarter of fiscal year 2016 ended Nov. 30, year-over-year increases of 4.2 percent and 4.8 percent, respectively.
The Prince Rupert Port Authority and port terminal operator DP World have agreed to study the further expansion of the Fairview Container Terminal beyond its current enlargement project.
The Northwest Seaport Alliance, whose operations encompass the Port of Seattle and Port of Tacoma reported November volumes are up 18 percent compared with November 2014, due in part to last year’s West Coast dockworker contract negotiations.
The two high-efficiency “megamax” ship-to-shore cranes, expected to be operational in 2017, will be will be capable of handling the largest vessels in service worldwide.
The U.S. International Trade Commission is requesting input for its investigation concerning proposed changes to the Dominican Republic-Central America-U.S. Free Trade Agreement (CAFTA-DR) rules of origin.
The French Mediterranean port launched Neptune Port, a fully-automated information system developed over the course of three years that is designed to simplify administrative procedures for vessels that call the port.
The Center of Excellence and Expertise for apparel, footwear and textiles now has the resources to operate on full-time basis.
The Commerce Department has announced its preliminary determinations for its countervailing duty (CVD) investigations of certain cold-rolled steel flat products from Brazil, China, India and Russia.
The Mid-Atlantic seaport received the first breakbulk shipment of Chilean winter fruit to arrive in the United States for the sixth consecutive season.
The Giant African Snails, which can grow up to 8 inches long and consume at least 500 different types of plants, cause structural damage to buildings and carry various plant and human pathogens.
The inland river port, which has continued to make progress on its main dock renovation project, handled 146,410 tons of waterborne cargo in November.
Ericsson launched its first telecom equipment hardware and software distribution center in the Middle East Earlier this month, situated in Panalpina’s Dubai South facility.
IAG appoints new commercial executive, while RoadOne Intermodal makes promotions and project44 names president.
