The deal will give Hyundai Merchant Marine access to the intra-Asia networks of Heung-A and Sinokor.
Commentary: Feds offer tips on port productivity
The Commerce Department issued a report listing best practices ports should consider adopting to optimize efficiency and improve competitiveness in the face of capacity constraints associated with larger cargo ships and ocean carrier consolidation.
APMT Lazaro Cardenas opens for business
The Mexican terminal received its first official port call yesterday from the 9,600-TEU Maersk Salalah.
Blaze lights up Port Arthur
Texas port firefighters are still investigating the cause of a fire that occured at the Texas port, which melted a conveyor belt that was moving wood pellets onto a cargo ship
Americold expands Utah distribution center
The warehousing and food logistics company will add 6.5 million cubic feet of capacity to its Clearfield, Utah facility.
ICTSI, Port of Portland, Ore. agree to lease termination
The Pacific Northwest port said it hopes to restore container service at Terminal 6
Poulsson: IMO must set baseline emissions standards for shipping
Without clear carbon controls from the International Maritime Organization, the shipping industry may have to adhere to multiple sets of regional regulations, according to Esben Poulsson, chairman of the International Chamber of Shipping.
Universal Logistics profits plunge in ‘difficult’ 2016 market
The Warren, Mich.-based trucking carrier and third-party logistics provider saw net income plummet 39.2 percent year-over-year to $24.2 million as revenues slid 5 percent to $1.07 billion, according to the company’s most recent financial statements.
HHI shareholders approve restructuring plans
Hyundai Heavy Industries’ shareholders on Monday voted to approve the company’s restructuring plans despite strong union opposition.
MPA gets green light to purchase land for Seagirt expansion
The state Board of Public Works gave the Maryland Port Administration the go ahead to spend up to $92.5 million to acquire a 103-acre parcel at Point Breeze for Port of Baltimore’s Seagirt Marine Terminal, a spokesperson for the MPA confirmed Friday.