Maritime

project44 makes additions to its sales and engineering teams, and Worldwide Express hires chief technology officer.

Paul F. Richardson, considered by many in the maritime business to be among the founders of the now 65-year-old container-shipping industry, passed away on Sept. 24 at the age of 88.

The Greek containership owner and leasing company has revealed it will carry a one-for-three reverse stock split, reducing the total number of common shares in circulation from roughly 3.2 million to about 1.1 million.

Class I freight railroads in the United States employed 147,319 workers in August, down 0.15 percent from July and a 3.56 percent drop from August 2016, according to the Surface Transportation Board.

SAL Heavy Lift, a Hamburg, Germany-based ocean carrier specializing in the transport of project and oversized cargoes, will place its six ships under the German flag, the company said in a statement.

Shin Yang Shipping Corp. Berhad’s wholly-owned subsidiary filed a claim against PT Gemilang Raya Maritime for failing to pay RM 6 million (U.S. $1.43 million) for four vessels it purchased from the company.

Jacksonville Port Authority selects chief executive officer and Heartland Rail names business development director.

The Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI) fell 5 percent since last Friday as spot container rates declined from Shanghai to Europe, the Mediterranean and the United States.

The U.S. Army Corps of Engineers has officially backed a rough draft plan to deepen and widen the mid-Atlantic port’s main shipping channel, a port spokesperson confirmed Friday.

Approximately 1,300 employees who maintain UPS’s air fleet filed a new request with the National Mediation Board asking to be released from mediated contract negotiations with the company.

XPO Logistics appoints new member to its board of directors; the GAC Group names group general manager-technology business management, and technology business manager-management solutions; and BDP International hires finance director for Latin America.

Acting Federal Maritime Commission Chairman Michael Khouri met with overseas counterparts in London this week to discuss recent changes within the ocean shipping industry and potential impacts they may have on shippers and other service providers.

President Trump on Sept. 15 announced three more nominations to serve as U.S. Export-Import Bank board members, which along with two previously submitted nominations would bring the bank to a full complement of five board members if approved by the Senate.

The Japanese government will allow the import of U.S. chipping potatoes from Idaho, marking the end of an 11-year ban on these shipments from the Pacific Northwest state.

The trade association on Tuesday told the International Trade Commission (ITC) its members are financially harmed by imports of Canadian softwood lumber, but Canada’s largest lumber producer begs to differ.

Young Living Essential Oils, based in Lehi, Utah, pleaded guilty in a federal court Monday to charges that it violated U.S. regulations when it illegally handled shipments of rosewood and spikenard oils.

The Commerce Department on Wednesday said it will impose countervailing duties on imports of cold-drawn mechanical tubing from China and India after affirming that these goods received unfair government subsidies.

The volatile Asia-East Coast South America trade, which is one of the longest and costliest routes to service, saw spot container rates fall from $3,800 per TEU to $2,200 per TEU in just 11 weeks, according to SeaIntel Maritime Analysis.

The port has approved a public-private partnership agreement that involves the expansion of Big Bend Channel, as well as the use of a portion of $4.2 million in Florida Seaports Transportation and Economic Development Council funds for berth upgrades.

The seasonally adjusted For-Hire Truck Tonnage Index equaled 149 in August, up 7.1 percent from July and 8.2 percent from August 2016, according to the American Trucking Associations.