Maritime

The Kenyan port’s new container terminal boosted its container handling capacity by 50 percent.

The privately owned port terminal operator did not release specific statistics underlying throughput growth across its network.

The Shanghai Containerized Freight Index has posted continuous declines since the start of 2016, while the World Container Index has fallen 62 percent in the past year and is currently down 60 percent from its five-year average.

Deutsche Post DHL Group’s consolidated net profits (after non-controlling interests) fell 25.6 percent year-over-year to 1.5 billion euros on revenues that rose 4.6 percent to 59.2 billion euros compared with 2014.

After posting a $4.3 billion loss for 2015, Daewoo Shipbuilding & Marine Engineering Co., which just two years ago employed 55,000 workers, plans to further reduce its workforce from 42,000 to 30,000.

The record February volumes at the Southern California port reflected orders that were made prior to Lunar New Year lull, according to the Port of Long Beach.

Canadian Pacific Railway is continuing to pursue an acquisition of Norfolk Southern Corp., officially asking shareholders to force the NS board to engage in negotiations regarding a potential merger of the two Class I railroads.

The New Zealand port released a draft proposal for a new berth, which would require dredging and the construction of a new wharf.

Third party logistics services provider Dachser has set up a new central organization called Corporate Solutions, Research & Development to further develop industry-specific logistics solutions and bundle its research and development activities.

The German ocean carrier will become a member of the Deutsche Börse index, a Blue Chip Equity Index composed of 50 small and medium-sized companies.

Once UPS’s package sorting and delivery facility in Herne is upgraded, it will have an operating area of 25,000 square meters and a package sorting capacity of over 36,000 pieces per hour.

The containership lessor is looking at opportunities for sale-leasebacks with liner companies, buying ships from private equity firms that are now look to exit the container shipping sector, and investing in other assets like containers themselves.

Air Transport Services Group has confirmed that it has reached agreements with Amazon Fulfillment Services to operate an airfreight network to serve the giant online retailer’s customers in the United States.

If the quest for bigger and bigger containerships has run its course, future vessel ordering may instead be based on individual lines’ assessment of future demand growth, according to a new report from London-based shipping consultant Drewry.

The ocean carrier alliance is terminating its Asia-North Europe NE8 loop this month, which will result in a 10.9 percent drop in its weekly deployed capacity on the trade, according to data from BlueWater Reporting.

Maersk Group subsidiary APM Terminals has completed the purchase of eight of 11 terminals from the Barcelona, Spain-based operator and still hopes to acquire additional TCB terminals in Turkey and the Canary Islands.

Ports covered by the Global Port Tracker report handled 1.5 million TEUs for the month, up 4.4 percent from December and 21.4 percent from “unusually low figures” in January 2015, according to the National Retail Federation and Hackett Associates.

The U.S. Transportation Department’s Federal Motor Carrier Safety Administration and Federal Railroad Administration have proposed rules to screen, evaluate and treat truck drivers and railroad workers for obstructive sleep apnea.

Total shipments for third-party logistics providers grew 8.5 percent in the fourth quarter, but total revenues fell 4.7 percent compared to the same 2014 period, according to a recent benchmarking report from the Transportation Intermediaries Association.

The United States exported more volumes of beef, pork, and lamb in January compared to last year, but in terms of value, each segment experienced declines.