Rates from Shanghai to Northwest Europe and the Mediterranean dropped for the third week in a row, according to data from the Shanghai Containerized Freight Index.
The Greek government last week announced deadlines to receive offers for the state-owned ports of Piraeus and Thessaloniki as part of its latest bailout deal with the European Union.
Tools from ocean carrier schedule and capacity database BlueWater Reporting compare how Tianjin stacks up to other nearby container ports.
Port Director Chris Lytle told the Federal Maritime Commission that Oakland needs more dockworkers to support the OakPass program.
The German ocean carrier advanced its timetable on plans to launch a stock market flotation as a result of positive second quarter financial results.
The Malaysian shipping company has agreed to sell its 50 percent share in VTTI B.V. to energy trader Vitol Group, which already owns the remaining 50 percent of the company.
The Canadian port reported 8 percent year-over-year growth in container volumes during the first half of 2015.
Terms of the six-year agreement were not disclosed, as the deal must still be reviewed by the union’s joint executive council and ratified by over 4,000 pilots.
Year-to-date, container volumes are up 4 percent and automobile volumes are up 7.7 percent at the Pacific Northwest ports.
Roadrunner names board audit committee chairman and Matson appoints replacement for longtime company spokesman, while U.S. Customs and Border Protection promotes assistant director for trade operations in Laredo.
Netherlands-based parcel courier TNT Express is expected to approve the $4.8 billion acquisition in October, but the transaction will still be subject to regulatory and anti-trust approval.
Ocean carrier MSC said it will divert cargo destined for Hodeidah to the Port of Aden after airstrikes by the Saudi-led coalition caused major damage to port infrastructure.
Pararescuers were unable to save the seafarer after he became ill.
The Port of Charleston also continued its above-market growth for containers in July.
Container operations are still being slowed after last week’s massive blast at the Port of Tianjin in China, but all terminals and off-dock depots are operating today, according to a bulletin from ocean carrier CMA CGM.
Shipment volumes and, expenditures both decreased compared with June figures, but this is “in line with the seasonal patterns of the last five years,” according to the latest Cass Freight Index Report.
The Northwest Seaport Alliance handled 296,349 TEUs in July and nearly 2.1 million TEUs for the first seven months of 2015, up 8 percent and 4 percent, respectively.
The Commerce Department has initiated both antidumping and countervailing duty investigations of certain cold-rolled steel flat products from Brazil, China, India, Korea and Russia.
Brambles Ltd., operator of a global plastic pallet pool, has acquired the remaining two-thirds of IFCO Japan that it did not already own.
The global direct selling company will use Amber Road’s supply chain visibility tool to manage air and ocean shipments, with the possibility to integrate with the company’s trade automation tools.
