Seaspan Chief Financial Officer David Spivak said liner companies want to deal with larger charter owners, which could benefit Seaspan, since its 9 percent share of the global leased containership fleet is the largest of any independent owner.
Agility boosts operations at Changi airport
The third-party logistics services provider has acquired a two-story, 177,000-square-foot warehouse near Singapore’s Changi International Airport for about $18.25 million.
EC reinstates price fixing fines against 11 airfreight carriers
The European Commission has re-adopted a cartel decision against 11 air cargo carriers and imposed fines totaling more than 776 million euros (U.S. $834.44 million) after the EU competition watchdog’s initial decision was annulled on procedural grounds.
Mexican antitrust authorities find rail competition lacking
Kansas City Southern (KCS) said in a statement it “respectfully disagrees” with a preliminary report from Mexico’s Federal Economic Competition Commission (COFECE) that found a lack of competition between KCS and other operators in the country.
K+N buys two pharma logistics companies
The third-party logistics provider will acquire Zet Farma in Turkey and Ferlito Pharma Logistics in Italy.
Executive Moves: NTSB, AA Cargo and 10-4 Systems
The National Transportation Safety Board names acting chairman, while American Airlines Cargo appoints managing director of Florida, Caribbean and Latin America and 10-4 Systems names board chairman.
Spanish Parliament rejects law to liberalize port industry
Spain’s Popular Party pushed for the law-decree by arguing it was needed to comply with European standards and anti-trust rules, but critics said it would lead to worse labor conditions for dock workers.
ZIM adds calls to Asia-U.S. East Coast loops
The Israeli ocean carrier is adding a call to Wilmington, N.C. to its Z7S service, and a call to Charleston, S.C. to its ZCP service.
Commentary: Dangerous goods documentation
A recent opinion and order stemming from the litigation resulting from the 2012 explosion and fire aboard an MSC containership highlighted the roles of intermediaries and documentation in the transport of dangerous goods.
Georgia Ports Authority records 7.7% boost in February box volumes
The Georgia Ports Authority handled 330,539 TEUs in February, with total cargo tonnage reaching 2.94 million tons, year-over-year increases of 7.7 percent and 10 percent, respectively.