Maritime

New York-based company adds industry veterans and offices in Texas and South Carolina.

CMA CGM is selling its logistics division to CEVA as it seeks a majority stake in the company through a tender offer.

Decision to retrofit 10 vessels made in response to upcoming low-sulphur regulation; first 13,000-TEU ship will be ready to sail in March.

Trans Global Projects Group-managed shipment departed U.K. facility Thursday for 9,600-mile trip expected to take between four and five weeks.

Tesla cuts prices of Model S and Model X; oil prices are down to a one-year low; Hong Kong bats for free trade; Hapag-Lloyd is launching a premium product based on extensive market research.

The conference attracted over 2,000 industry players and largely revolved around the topics of Asian connectivity, the impact of trade tariffs, and technologies that are revolutionizing the logistics industry.

Shipper group says change would reduce costs, promote competition with NVOCCs.

The Office of Foreign Assets Control has taken particular aim at sanctioning those individuals and entities involved in the maritime transport of oil for the Assad regime.

Centralized location allows vehicle manufacturers to save on their inland distribution costs, says CEO John Murray.

New York-based company specializes in time-critical transportation and logistics solutions.

“Delivering value to get the most attractive cargo on board is at the heart” of the plan, says CEO Rolf Habben Jansen.

Compliance director gets seat on industry committee; Ohio company hires two and promotes two.

Funding aims to keep Port’s market share as more freight moves to intermodal and off the roads.

Peter Ulber will not stand for re-election at the annual general meeting in May.

Impact Transportation buys $275,000 battery-powered tractor for yard operations.

Company uses scenario of collision between LNG carrier and fishing boat for training.

The Panama spread (FBX.PANA) widened last night when Freightos released new container rates for this week: rates from China to the American East Coast (FBX.CNAE) climbed to $3,683, while rates to the West Coast (FBX.CNAW) fell slightly to $2,527.

Trucking executive points to final mile delivery as draining driver pool, so think about that on Cyber Monday.

 Upcoming summit could provide surprise deal, but acrimony and lack of consensus puts deal in doubt.

BIMCO projects with capacity growing at half of this year’s levels, “the fundamental balance can only improve.”