The third-party logistics provider closed on its purchase of Apex Maritime, a top three non-vessel operating common carrier in terms of Asia-U.S. import volumes, according to trade data firm Datamyne.
The Gulf Coast port’s Napoleon Avenue Container Terminal transported 99,568 TEUs in March and April combined, which is more than it has transported during any two months in the port’s history.
The Icelandic liner carrier posted net earnings of 1.8 million euros on revenues of 113.3 million euros for the first quarter of 2016, a year-over-year increase of 21.1 percent and 0.5 percent, respectively.
The international express parcel carrier more than doubled its cargo-handling operations in Tokyo with the opening of a new 20,000-square-meter facility.
Troubled South Korean ocean carrier Hyundai Merchant Marine is disputing press reports that it might be required to merge with fellow state-run line Hanjin Shipping in order to gain entry into the new east-west vessel sharing agreement.
Berkshire Hathaway-owned BNSF Railway Co. eliminated 62 management jobs last week and restructured its operations organization from three regions to two, effective today, according to a statement from the company.
The bi-state port complex saw throughput of both loaded imports and exports decline both on a monthly and year-over-year basis, according to recent data from the port authority.
Meanwhile, the state of Georgia dedicated a new road connecting the Port of Savannah to I-95, saying it will speed cargo flow and improve safety.
However, the state experienced a 9 percent year-over-year drop in reported cargo thefts during the quarter to 2,152 incidents.
Hamburg, Germany-based Rickmers-Linie, has taken over the activities of tramp and chartering specialist Nordana Project & Chartering, which has offices in Copenhagen, Bangkok, Singapore and Houston.
Unicon Logistics names VP of logistical services, while Kalmar, a subsidiary of cargo-handling equipment manufacturer Cargotec, appoints new president.
United States GDP grew slightly more than initially expected in the first quarter of 2016, and durable goods orders ticked up in April, according to the most recent data from the Department of Commerce.
Meanwhile, the struggling South Korean ocean carrier said in a statement Sunday it expects to reach an agreement with ship owners regarding charter rate renegotiations “soon.”
The French ocean carrier reported it will pay 1.3 Singapore dollars (U.S. $0.94) for the Neptune Orient Lines’ shares it does not already own, control or has agreed to acquire.
The ocean carrier alliance, consisting of Maersk Line and MSC, will adjust its Asia-North Europe network, which includes five services.
The Icelandic government, two Icelandic municipal authorities and the EFLA engineering company signed a memorandum of understanding to promote the creation of a new port in the northeast corner of Iceland.
Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd, MOL and UASC issued general rate increases.
SSA Marine’s Oakland International Container Terminal will make appointments mandatory for the majority of containerized import pick-ups in order to shorten lines at terminal gates and speed up cargo delivery to customers.
Struggling South Korean shipbuilder STX Offshore & Shipbuilding Co. on Friday filed for receivership with the Seoul Central District Court amid mounting debt and continued losses.
The Shanghai Containerized Freight Index rose 9.8 percent since last week to a reading of 577.81, as rates from Shanghai to both Northwest Europe and the Mediterranean jumped 36.6 percent and 21.8 percent, respectively.
