Maritime

The two firms will create a multimodal logistics company with more than $1 billion in freight under management.

The commission concluded the acquisition would not raise competition concerns.

United Nations report says trade is flowing to countries not involved in the dispute; Asia-to-Europe boxship trade is oversupplied.

The company’s Latin American container handling grew 23 percent year-over-year.

The first-of-its-kind retrofitting will have the battery sufficiency to allow the Hagland Shipping AS vessel to sail in and out of harbor on electric power for about 30 minutes.

A noticeable change in the pattern of trade is underway at Australia’s second biggest box port, Sydney’s Port Botany. Botany handled more boxes in the last calendar year than in 2017  – but those boxes arrived and departed on fewer, although larger, container ships.

Overcapacity and low utilization rates have plagued the Asia to Europe trades for some years, and with a further 1.1 million TEU capacity set to be delivered between now and the end of 2020, the supply and demand ratio is expected to affect freight rates up to the end of 2022.

The Airforwarders Association has found that direct participation by smaller forwarders in the Air Cargo Advanced Screening program remains minimal.

The International Air Transportation Association expects a slightly higher figure — 3.7 percent growth — in 2019.

Hawaii’s only Public Utilities Commission-regulated inter-island water carrier anticipates filing for another rate case in 2019, company president says.

The Food and Drug Administration has started accepting applications to develop a system to identify and trace certain drugs as they’re distributed within the U.S.

Cost of all-water transit could rise as higher price, low-sulfur fuel comes into play; Maersk offers a peak in the fridge.

Pacific carrier appoints VP, manufacturer hires sales chief, Hong Kong-based company expands focus and port authority gets new head of communications.

NYK Bulk & Projects Carrier’s order is for 25 bulk carriers, and BW LPG will have 12 LPG carriers retrofitted.

Queensland’s Port of Brisbane handled just under 1.4 million twenty foot equivalent unit (TEU) shipping containers in the last calendar year. Just under 29 per cent of all boxes handled were empty, according to the port’s trade statistics.

Lots of ideas for federal funding of infrastructure at Capitol Hill hearing, but the “pay-for” question still looms.

Reefer technology is changing fast and the internet of things is helping to accelerate changes to the industry. Maersk has launched an upgrade to its reefer container management system that includes the virtual sailor, captain Peter.

CEO Jens Bjørn Andersen tells analysts consolidation makes sense in an “extremely fragmented” 3PL industry.

All three grew fourth-quarter revenue by at least 6 percent compared to 2017, but net income dipped.

The new assessment increased by more than 50 to at least 345 containers lost from the early January incident in the North Sea.