Maritime

The bunkering tanker Aris 13 was hijacked by pirates off the coast of Somalia Monday.

The U.S. maritime regulator said the group will work to identify burdensome, unnecessary and outdated directives, and recommend how they should be remedied.

MatchBack Systems forms board of directors, while Swissport International names CEO of Swissport UK & Ireland, and V.Group appoints non-executive directors to board.

Ports along the mid-Atlantic coast all the way up to New England have been impacted by the winter storm, and have altered operations accordingly.

The chemical industry is projected to see increased costs due to excess inventories, larger capital expenditures, and higher operating costs, according to a study performed for the American Chemistry Council by PricewaterhouseCoopers.

The Port of Oakland handled less container volumes in February compared to a year earlier due to inclement weather and the Lunar New Year, which began Jan. 28 this year.

During the month, Mexico was the top market for U.S. pork and lamb exports in terms of volume and value, while Japan was the leading market for U.S. beef exports.

This past Thursday, there were 39 grain vessels in the Columbia and Willamette rivers waiting to load, when normally, there are 12 to 15 vessels.

The mid-Atlantic port saw monthly container throughput slip 0.2 percent to 220,726 TEUs compared with the previous February, while overall cargo tonnage grew 3.3 percent year-over-year to 1.71 million tons.

The 10-month graduate program will be taught in English, and will take place in Asia, Europe and North America.

The terminal operator signed an addendum to the original concession agreement with the Port of Gothenburg on Sweden’s west coast to invest an additional SEK 250 million through 2024 at the port.

Orient Overseas (International) Ltd. Chairman C.C. Tung said 2016 saw some of the most difficult markets and an overhang of capacity.

The new South Korean carrier has started two of five planned intra-Asia strings this week, is commencing a transpacific service in mid-April, and reportedly wants to launch a service to Savannah and New York in 2018.

The Netherlands-based third-party logistics provider posted a loss of $159 million in 2016 compared with a $195 million loss the previous year as revenues fell 4.5 percent to $6.65 billion, according to the company’s most recent financial statements.

Transportation and logistics employment rebounded in February 2017 following a revised loss of 10,200 positions in January, according to recent preliminary data from the U.S. Department of Labor.

Although proponents of the proposed border adjustment tax argue American corporations have nothing to fear, many importers find that to be far-fetched.

The global logistics provider recorded a net profit of KD 59.1 million on revenues of 1.23 billion for 2016.

The Danish container shipping line said the order will help it meet sustainability goals and stay ahead of new legislation by the European Union.

At least four people were killed and dozens more were injured Tuesday afternoon when a CSX train slammed into a charter bus full of tourists that had gotten stuck on a railroad crossing with a low ground clearance.

Israeli ocean carrier ZIM Integrated Shipping Services has nominated Eli Glickman to serve as its next president and chief executive officer following the departure of long-time CEO Rafi Danieli, the company said in a statement.