Three boxes containing automobiles and kitchen supplies were knocked off the deck of the Maersk Kensington Sunday morning while anchored at the APMT Port Elizabeth terminal, according to a report from NJ.com.
Although throughput declined due to the port’s sluggish dry bulk segment, profits rose 5 percent from 2015 to 222.2 million euros, according to the Port of Rotterdam’s latest financial statements.
Transportation on the Yangtze River may be take longer than normal because of annual maintenance on the Three Gorges Dam that began on Feb. 2, but a COSCO Shipping subsidiary is offering alternative services for time-sensitive shipments.
The new service from parcel giant FedEx’s third-party logistics subsidiary offers an easy way to track items, manage inventory, analyze trends, and understand shoppers’ spending behaviors, the company said in a statement.
The United States exported 726,848 net tons of steel in December, a 0.3 percent decrease from the previous month and a 0.2 percent increase from a year earlier, according to American Institute for International Steel.
The member carriers of the 2M vessel sharing agreement will add Asia-Europe and transpacific services in order to accommodate the volumes gained through slot purchase agreements with Hyundai Merchant Marine and Hamburg Süd.
The Danish global transport and logistics provider reported adjusted earnings of 2.5 billion Danish krone (U.S. $358.3 million) on DKK 67.7 billion in revenues in 2016, year-over-year increases of 13.3 percent and 33.2 percent, respectively.
Michael Pram Rasmussen, chairman of the board of directors of Danish shipping conglomerate A.P. Møller – Mærsk A/S, is stepping down from his role as the company reported only its second annual loss since World War II.
The index fell 6.5 percent from last Friday to a reading of 886.26, largely resulting from sharp declines on the Shanghai to Europe and Mediterranean trades.
The Southern California port’s container volumes surged 8.7 percent year-over-year in January to 582,689 TEUs.
The mid-Atlantic port saw general cargo tonnage surge 21.6 percent year-over-year in January to 1.86 million tons.
Third-party provider Yusen Logistics has purchased Transfreight Automotive Logistics Europe for an undisclosed sum in an effort to expand its vehicle transport support and operations offerings, the company said in a statement.
Deal also includes NPC Projects and MCC Marine Consulting & Contracting, which is active as a bunker and chartering broker.
Korea Investor Service, an affiliate of Moody’s, upgraded Hyundai Merchant Marine’s corporate credit rating after the carrier saw revenues decline and a larger operating loss in 2016, while the bottom line improved.
Canadian International Freight Forwarders Association (CIFFA) Executive Director Ruth Snowden said trade is an important source of jobs for the country.
On the occasion of his 80th birthday, Jacques Saadé the founder of CMA CGM, appointed his son to run what is the world’s third largest ocean carrier.
The Taiwanese ocean carrier has sold 161 million new shares to the state-run National Development Fund, Taiwan Navigation and a handful of unnamed institutional investors, according to multiple media reports.
Since the opening of the Central American waterway’s expanded third lane, roughly 2 percent of vessel transits have resulted in incidents that damaged the ship or the canal locks themselves, according to a recent report from the Associated Press.
The South Korean shipbuilder recorded a net profit of 682.3 billion South Korean won for 2016, up from a loss of 1.36 trillion won for 2015.
The Spanish government will face strikes at all ports across the country later this month, according to International Transport Workers’ Federation (ITF) Maritime Operations Coordinator Jacqueline Smith.
