The Southern California port experienced a 17.4 percent year-over-year jump in box volumes in January 2017 thanks to retail stores replenishing inventories after the holidays, increased U.S. exports and cargo ships calling ahead of the Lunar New Year.
MSC may acquire stake in Messina
The world’s second largest container carrier, Geneva, Switzerland-based Mediterranean Shipping Company, may acquire a stake in Ignazio Messina & Co.
IMO under pressure to meet EU emissions challenge
European Parliament members voted Wednesday to include maritime shipping in the European Emission Trade Scheme Directive by 2023, if there’s no comparable system operating in the International Maritime Organization by 2021.
HMM boosts share on transpacific trade
Hyundai Merchant Marine carried 55 percent more cargo in January than it did a year earlier between Asia and U.S. West Coast ports.
uShip raises $25m from investors
The shipping marketplace and freight automation software provider raised $25 million through a “Series D” round of funding led by the logistics and supply chain company DB Schenker, which is also a uShip customer.
CMA CGM latest to connect with Alibaba
The French ocean carrier signed an agreement to develop digital booking for Alibaba sellers on services from China to the Mediterranean.
FMC reviews 33 OTI license applications
The U.S. Federal Maritime Commission has received 33 ocean transportation intermediary license applications and changes for review.
Executive Moves: CFI and Armitt Group
CFI appoints vice president, logistics and vice president, sales, while the Armitt Group names new finance director.
ILA, USMX to hold informal talks this week
Longshoremen and employers are meeting far in advance of contract expiration date next year
Walmart rejects rumor that it cut all contracts with Korean carriers
Marilee McInnis, director of international corporate affairs at Walmart, said although the retailer no longer does business with Hanjin due to the carrier’s bankruptcy, it is currently speaking with another Korean carrier regarding its shipping needs.