The Baltic and International Maritime Council said tonne-miles from U.S. coal exports have declined by half over the past thee years.
The new Enviva terminal at the Port of Wilmington will export wood pellets to Europe, and is just part of the port’s modernization plan.
The industrial logistics real estate developer will establish a logistics park in Sagamihara, Japan, which it said has emerged as a major logistics hub due to the lack of quality logistics space and available land parcels in metropolitan Tokyo.
New ship orders declined in 2016, driven down by overcapacity and sluggish global trade growth, and although devastating for shipyards and their workers, the drop may be necessary if the health of the container liner industry is going to be restored.
Despite mergers and acquisitions, the industry is still plagued by overcapacity, and cost for new entrants is low.
Although the Shanghai Containerized Freight Index has remained stagnant over the past several weeks, the index is 68.6 percent higher than 12 months prior, and was especially boosted after Hanjin’s insolvency in August 2016.
The Japanese liner carrier said it has suffered considerable damage after some of APL Logistics’ employees disseminated false information about its financial health.
Wilmerding, Penn.-based Wabtec Corporation’s most recent acquisition was its purchase of Workhorse Rail, which has annual sales of about $35 million.
The U.S. Federal Aviation Administration proposed civil penalties against three shippers that violated the country’s hazardous materials transport regulations.
The Port of Long Beach Harbor Commissioners approved the sale of Hanjin Shipping’s 54 percent stake in Total Terminals International to MSC and its sister company Terminal Investment Ltd. Wednesday night by a 3-to-1 vote.
The ocean shipping industry set new records for demolition this year, sending 201 ships with an aggregate capacity of 699,000 TEUs to the scrapyard as of Dec. 20, according to the latest data from shipbroker Braemar ACM.
However, despite the port experiencing its best November ever in terms of containers handled, its share on the North American container market declined from 12 months prior.
The U.S. maritime regulator said it is inviting comments no later than Feb. 28 on the petition that was filed by the Coalition for Fair Port Practices earlier this month.
The Memphis, Tenn.-based integrator saw it’s shares drop 3.4 percent in a day after reporting adjusted earnings per share of $2.80 in its fiscal second quarter, an improvement from the previous year but $0.10 per share below consensus analyst expectations.
The Georgia Ports Authority handled more containers in November compared to 12 months earlier, thanks to a strengthening export market and a busy peak holiday season.
The first phase of the O’Hare Northeast Cargo Center is now complete and operational, and once the entire center is complete, it will be the largest airside cargo development constructed in the United States in over a decade.
U.S. Customs and Border Protection officers at the Port of San Juan, Puerto Rico found two shipments from China containing more than 1,400 hazardous toys and 3,500 unsafe Christmas light fixtures.
About 180 unionized Korean Air pilots seeking a 29 percent pay increase began a 10-day strike yesterday, causing the airline to cancel 148 passenger and cargo flights on domestic and international routes.
The transaction closed Wednesday and made Marken a wholly-owned subsidiary of UPS.
The Honolulu-based shipping company also announced this week that it raised $75 million through a private placement of 11-year final maturity senior unsecured notes.
