The shipping research and consulting firm attributed November’s year-over-year increase in idled containership capacity to the Panama Canal’s new locks, which made smaller containerships less attractive, along with Hanjin’s bankruptcy.
The Dubai-based operator will own 55 percent of a new vehicle targeting port and terminal investment opportunities outside of the United Arab Emirates, while Canadian pension fund Caisse de dépôt et placement du Québec will hold the other 45 percent.
The Coast Guard Marine Safety Center issued the certificate to Optimarin after its application for U.S. type approval was reviewed and determined to meet its requirements.
The container supply-and-demand balance stood at 7 percent at the end of 2015, and could grow to between 8.2 percent and 13.8 percent in 2020, the Boston Consulting Group said.
The Salt Lake City, Utah-based automobile motor manufacturer plans to have its Nikola One truck, a zero-emissions electric drivetrain powered by high-density lithium batteries, in production by 2020, the company said in a statement.
Ocean carriers Maersk Line, MSC, CMA CGM and Hapag-Lloyd announced new freight rates.
Maritime and Port Authority of Singapore appoints new chairman, while B&H Worldwide promotes managing director, Germany, ICAO names new president of its Air Navigation Commission, and ATA hires vice president of safety policy and connectivity.
The Danish ocean carrier’s plan to acquire Hamburg Süd in 2017 caps a landmark year for consolidation in the container shipping industry, noted Mario Cordero, the chairman of the Federal Maritime Commission.
The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration today announced a final rule establishing a national database for the drug and alcohol testing records of commercial truck and bus drivers.
Transportation and logistics companies added 8,900 positions last month, following a revised 12,200-job increase in October, according to recent preliminary data from the U.S. Department of Labor.
Concurrent with the deal for Glencore Rail, the Australian subsidiary of short line and regional rail operator Genesee & Wyoming has issued a 49 percent equity stake to funds managed by Macquarie Infrastructure and Real Assets.
The index’s slight increase reflected how the rate boost on the Shanghai to Northwest Europe and Mediterranean trades was partially offset by modest declines on the Shanghai to U.S. trades.
The International Longshoremen’s Association said that former U.S. District Judge Joel A. Pisano has been appointed as the union’s Ethical Practices Officer, replacing Judge Milton Mollen.
U.S. Rep. Bill Shuster, R.-Pa. has been selected to continue serving as the Transportation and Infrastructure Committee Chairman.
The French ocean carrier commenced the ADRIMED Express, which deploys three vessels that connect Egypt, Malta, Croatia, Italy and Slovenia.
The purchase, which includes 600 controlled-atmosphere containers, follows a previous order for 5,000 refrigerated containers announced last month.
The cargo airline attributed the new record to growth in perishables traffic from Africa, U.S. inbound and outbound traffic, and volumes from Europe to the Asia Pacific.
FMC Commissioner Doyle says provisions in new vessel sharing agreement could protect other members in the event of a Hanjin-like bankruptcy.
The marine terminal operator said that effective Dec. 6, truckers will be required to make appointments to pick up container imports in order to reduce wait times by more evenly distributing truck arrivals throughout the day.
The Israeli ocean carrier said its focus on select markets and investment in customer service will improve its position to endure the shipping crisis.
