The Customs bill formalizes many reforms designed to facilitate trade, reduce red tape at the border and improve enforcement of U.S. trade laws
The omission of the shipping industry from the text of the climate change agreement will not diminish the International Maritime Organization’s “strong commitment” as a regulator of greenhouse gases from shipping, the group said in a statement.
The economic slowdown in China, a recent drop in commodity prices, and a possible increase in U.S. interest rates has increased uncertainty about global growth in the air cargo industry, according to the International Air Transport Association.
A deep water general cargo and liquid bulk terminal opened at the Port of Salalah, allowing the port to handle 20 million more tons of dry cargo and six million more tons of liquid bulk cargo each year.
Airport cargo volumes increased 0.3 percent year-over-year in October, as major freight hubs posted mixed results.
A federal grand jury in Greenville, N.C. on Friday returned a nine-count indictment charging two ship engineers employed by Oceanfleet Shipping Ltd. with crimes related to the illegal discharging oily waste directly into the sea.
Cargo volumes at Hong Kong International Airport fell 3.1 percent year-over-year in November to 407,000 tons.
China-owned container carriers COSCO and China Shipping say a proposed merger, which they expect to complete within one year, will bring shippers an “optimal product offering,” but it leaves the future of the CKYHE and Ocean3 alliances unclear.
The state-owned shipping companies have told the Chinese media a merger between COSCO and China Shipping will improve their competitive edge in the face of an industry-wide downturn.
Matt Rose, executive chairman of the Warren Buffet-owned railway, says he does not think the industry needs major rail mergers at this point, but that “if there is consolidation to be had, we would participate.”
Despite the proposed plan to bring current G6 member APL into the Ocean3 Alliance after its acquisition by CMA CGM, officials with the G6 say the ocean carrier alliance will remain unchanged while regulators review the deal.
Although rates from Shanghai to Northwest Europe rose 156 percent, rates from Shanghai to the Mediterranean tumbled 25 percent compared to last week.
Cargo volumes at U.S. ports are expected to grow at a slower rate in 2016, according to a new report from Moody’s Investors Service.
The West Coast seaport posted a cargo throughput of 619,699 TEUs for November and 6.6 million TEUs for the first 11 months of 2015.
Ro-ro carrier and auto processor Wallenius Wilhelmsen Logistics already has more than 200 full-time employees at the Port of Baltimore, but officials said the new contract will support almost 1,000 direct jobs at the port and 1,500 indirect jobs.
The Gulf Coast port handled over 2 million TEUs so far this year, surpassing the previous record of 1.96 million TEUs set in 2014.
Pennsylvania Gov. Tom Wolf has appointed 13 individuals from business, labor and government to serve on the Port of Philadelphia Advisory Committee.
The $50 million project administered by the United States Maritime Administration on behalf of the Department of Defense has officially reached completion.
The Gothenburg, Sweden-based rail operator SCT Transport AB will commence a new container rail shuttle between the Port of Gothenburg and Katrineholm.
Legislation to expand the scope and authority of the STB, the federal regulatory body responsible for economic oversight of the nation’s freight rail system, now goes to the president’s desk for approval.
