The Maritime and Port Authority of Singapore has extended a port dues rebate program for automobile carrier operators handling transshipment vehicles for an additional three years, according to a statement from the Southeast Asian port.
The third-party logistics provider’s decision to expand warehousing space at three of its locations in Germany was fueled by e-commerce growth.
Authorities are still searching for the very large ore carrier Stellar Daisy and its 22 crew members after losing contact with the vessel in the South Atlantic about 1,500 miles off the coast of Uruguay, South Korea’s foreign ministry said Sunday.
Transportation and trade management company Taggart International has acquired Freight Quest Logistics, an international freight consultancy company.
The South Coast Air Quality Management District proposed a tax on container shipments to fund incentives for further reducing ozone levels.
U.S. Secretary of Transportation Elaine Chao said the Trump administration’s planned $1 trillion infrastructure initiative would include “energy, water and potentially broadband and veterans hospitals as well,” according to a report from Reuters.
The freight forwarding unit of European rail giant Deutsche Bahn AG saw earnings before interest and taxes increase 3.8 percent to 410 million euros (U.S. $438.5 million) on revenues that slid 2.2 percent to 15.1 billion euros in 2016.
Plaquemines Port Harbor & Terminal District and American Patriot Holdings, LLC want to build a container port and river vessel to move containers to and from ports on the Mississippi and Illinois rivers.
KLG Europe selected BluJay Solutions for end-to-end transportation management and customer visibility services.
The U.S. maritime regulator said its final rule amending requirements for service contracts and NVOCC service arrangements, announced earlier this month, will become effective May 5, 2017.
Kuehne + Nagel, a Swiss-based third-party logistics provider, and Grünenthal, an international research-based pharmaceutical company, agreed to a global partnership for land, air and seafreight.
SEKO Logistics names chief operating officer for Asia Pacific region, while enVista hires ocean category manager for Middle East and Africa.
The Taiwanese ocean carrier reported a loss of 14.91 billion Taiwan new dollars (U.S. $492.1 million) for the full year in 2016 compared with TWD 6.46 billion the previous year, according to the company’s latest filing with the Taiwan Stock Exchange.
Walmart is opening an import distribution center in Mobile, Ala., which is expected to boost cargo volumes at APM Terminals Mobile by 10-20 percent.
The world’s fourth largest container shipping line, COSCO Shipping, experienced the 9.9 billion yuan (U.S. $1.44 billion) loss due to weak freight rates and restructuring costs, Reuters said Thursday.
United States gross domestic product increased 2.1 percent in the fourth quarter of 2016, according to the “third” estimate from the Department of Commerce, up from a previous estimate of 1.9 percent.
Japanese ocean carrier Mitsui O.S.K. Lines has purchased a 20.9 percent share in PKT Logistics Group, a provider of end-to-end logistics solutions, including freight forwarding, customs brokerage, contract logistics, haulage and distribution.
Yusen Logistics Turkey has merged with İnci Holding subsidiary İnci Lojistik to form a new joint venture company, Yusen İnci Lojistik, which will begin operations on April 1, 2017, the companies said in a joint statement.
Crane Worldwide Logistics hires vice president of global sales, while Danish Shipowners’ Association appoints director for European Union affairs.
The German ocean carrier is citing benefits from its planned merger with United Arab Shipping Company, but Reuters has reported a “snag” in those plans.
