However, the global port operator increased container throughput by 5.5 percent from 2015.
Maersk Container Industry launches Star Cool CA+
Star Cool CA+ was established to extend the market reach of sensitive, low-respiring perishables, building on Maersk Container Industry’s Star Cool CA system for high-respiring fresh produce.
IAG Cargo sees Europe-Asia demand soar as ocean capacity contracts
The airfreight carrier’s cargo volumes from Europe to Asia Pacific jumped 23 percent in the first two months of 2017 thanks to “widely reported” capacity constraints in ocean shipping, according to David Shepherd, commercial director at IAG Cargo.
Diana Containerships looks to raise $150m in private share sale
The Athens, Greece-based containership lessor has entered into a Securities Purchase Agreement with Kalani Investments for the sale of up to 150,000 newly designated series B-1 and B-2 preferred shares, according to a statement form the company.
Peel Ports heavily invests in Lancashire
The new Liverpool2 container terminal, link-span bridge at the Port of Heysham, and the newly-opened Bay Gateway are expected to increase economic prosperity in Lancashire, the port operator said.
Special Coverage: The global seafood supply chain
The global seafood supply chain is a complex one, and is challenged by various headwinds that can be costly to the industry.
South Korea provides DSME with $2.6b bailout package
Korea Development Bank, DSME’s largest shareholder and main creditor, and the Export-Import Bank of Korea said they would provide funds to boost the shipbuilder’s cash flow and convert its liabilities into equity to cut debt.
U.S. Class I railway employment rebounds slightly in February
After falling in 19 of the previous 21 months, railway employment levels in the United States in February 2017 ticked up 0.28 percent from the previous month, according to recent data from the U.S. Surface Transportation Board.
U.S. steps up Brazilian beef import inspections
The U.S. Department of Agriculture’s Food Safety and Inspection Service said it will step up pathogen testing on all shipments of raw beef and “ready-to-eat” products from Brazil, instead of imposing a ban on these imports.
State court reaffirms Vancouver Energy lease at Port of Vancouver
The Washington State Supreme Court decision affirmed an appellate ruling that found the port’s lease with Vancouver Energy for a proposed crude oil transfer terminal complies with the State Environmental Policy Act (SEPA).