Maritime

The acquisition of Poland’s largest container terminal is worth more than $1.1 billion, according to The Wall Street Journal.

The 11,000-TEU Cape Sounio, operated by ZIM on a service offered by the 2M alliance, arrived Monday after transiting the Panama Canal.

Severe flooding hits home and causes two deaths in the region, but freight impact limited to major bulk commodities.

Drewry says container carriers may try to mitigate the rising cost of fuel by slowing ship speeds and relying more on feeder ships.

The German logistics services provider made the purchase to help establish its network in Canada.

China is the number one country for emerging logistics opportunities in 2019, according to the latest annual Agility Logistics Index, which surveys over 500 logistics professionals. The country also takes the top spot both for domestic and international emerging markets logistics opportunities. India was in second place. Countries in the Middle East and South East Asia showed strongly too.

Following the loss of Grande America on 12 March a 10km long oil slick from the ship’s bunker fuel threatens to pollute parts of the French coast, while cargo owners count the cost of the destruction of their freight.

Rates from Asia to the U.S. East Coast have fallen since the fourth quarter of 2018, and there are “several signs of slowing world trade.”

The ships will replace older ships and be used in the intra-Asia trade by Sealand, which operates feeder ships for Maersk.

Fuel pumping operations could begin Friday or Satuday, said France’s minister of ecology, but the maritime prefecture said there is a risk of coastal pollution from the spill.

U.K. Freight Transport Association doubles down on advice to members to plan for a worst-case scenario.

High winds were a contributing factor to the Wednesday morning incident in which about two dozen railcars fell from a trestle onto a river bed.

French container carrier increases ownership of Swiss logistics company after monthlong tender offer.

International terminal mega-operator, DP World, has announced a solid set of results for 2018. Revenues, earnings before interest taxation depreciation and amortization (EBITDA), and net profit all substantially increased last year compared to 2017. Acquisitions and increased box volumes drove revenues and profits. DP World has announced investment plans for 2019.

All four crew members of the Michelle Anne safely escaped Thursday, but a Coast Guard incident management team confirmed a oil sheen in the water.

An inland port in Georgia can be in the works for automaker.

Pennsylvania-headquartered 3PL has grown operations from Atlanta to Southern California and wants to accelerate growth.

Funding plan keeps Charleston and Savannah on course to handle larger container ships.

A CEO is named for Europe, and a vice president for labor relations is appointed.

The 430-acre Logistics Center Hudson, located northeast of downtown Denver, is part of BNSF Railway’s $65 million investment in Colorado this year.