Maritime

The South Korean ocean carrier has continued to receive good support from its customers as it restructures its finances.

Shipment volumes in May 2016 grew 1.3 percent compared with the previous month, but expenditures slipped 0.4 percent, and both remained well below 2015 levels, according to the latest Cass Freight Index Report.

The South Korean government needs to do more to help its struggling shipping sector, Gerry Wang, founder and chief executive of containership lessor Seaspan, said in an interview with maritime news outlet Splash.

Swiss-based third-party logistics provider Kuehne + Nagel has divided its operations into two separate units and shuffled the company’s management structure in Europe.

The national postal carrier’s logistics subsidiary, General Logistics Systems, will pay a total of 71 million euros to acquire ASM Transporte Urgente, Spain’s second largest express parcel network.

While various airports in England experienced year-over-year cargo throughout increases in May, cargo throughput at the Frankfurt Airport in Germany fell 1.3 percent year-over-year.

Container cargo throughput at the Port of Singapore grew 1.6 percent to 2.67 million TEUs compared to May 2015, the first year-over-year growth in over a year.

The online freight exchange has been rebranded to become FreightorGator, offering a new way to compare rates, book and track shipments.

AirBridgeCargo Airlines carried 50,482 tons for the month and 238,154 tons in the first five months of 2016, both 31 percent increases compared with the same 2015 periods, thanks in part to a rapid network expansion.

The international shipping association opened a new office in Singapore, which it will be sharing with staff from the Baltic Exchange and the Institute of Chartered Shipbrokers.

The agricultural export group, which has been a critic of the container weight regulation implementation process, praised South Carolina Ports Authority CEO Jim Newsome for suggesting the use of port scales to obtain verified gross mass.

A U.S. District Court in San Francisco has dismissed all criminal charges against FedEx Corp. stemming from a Department of Justice investigation into its alleged shipment of illegal drugs, the company said in a statement.

A ship worker died Saturday afternoon after losing his balance and falling 50 feet onto a ship, according to a report from local media outlet Click2Houston.com.

The Surface Transportation Board last week issued an Advanced Notice of Proposed Rulemaking outlining measures to expedite its handling of rate cases as part of the board’s implementation of the STB Reauthorization Act of 2015.

Pacific Maritime Association President and CEO James McKenna said he expects to hear from International Longshore and Warehouse Union this summer on whether it wants to discuss the extension of the five-year labor contract.

The parcel carrier has agreed to pay $240 million to settle lawsuits covering around 13,000 divers across 20 states who claimed they should have been treated as employees instead of independent contractors.

The Association of American Railroads and American Short Line and Regional Railroad Association spoke out against a proposed Federal Railroad Administration rule that would mandate two-person crews on all trains.

Great Lakes regional less-than-truckload carrier Moran Transportation Corp. purchased the assets of Eagan, Minn.-based Mats Trucking for an undisclosed sum back in April, but waited until rebranding was complete to announce it.

The CEO of Global Metallurgy pleaded guilty to one count of conspiring to violate the International Emergency Economic Powers Act in relation to the export of specialty metals from the United States to Iran.

Starbucks names new executive VP for global supply chain, while DHL appoints senior leadership for its eCommerce division and Foss Maritime promotes new president.