Deal also includes NPC Projects and MCC Marine Consulting & Contracting, which is active as a bunker and chartering broker.
Renewed activity at Hanjin terminal boosts Long Beach volumes
The Southern California port’s container volumes surged 8.7 percent year-over-year in January to 582,689 TEUs.
U.S. agricultural sector calls on Trump to ‘deepen engagement’ in Asia
Eighty-eight businesses and farm trade associations sent a letter this week to the Trump administration, asking the administration to reduce and eliminate tariffs and other restrictive agricultural policies in the Asia-Pacific region.
Hyundai Heavy Industries turns profit in 2016
The South Korean shipbuilder recorded a net profit of 682.3 billion South Korean won for 2016, up from a loss of 1.36 trillion won for 2015.
Rodolphe Saadé named CEO of CMA CGM Group
On the occasion of his 80th birthday, Jacques Saadé the founder of CMA CGM, appointed his son to run what is the world’s third largest container carrier.
Commentary: Comparing and contrasting India, China
Taneli Ruda, head of ONESOURCE Global Trade, has examined the economies of China and India, along with an economic outlook for both countries.
‘Transit cargo’ moving to U.S. important to Canadian economy
Canadian International Freight Forwarders Association (CIFFA) Executive Director Ruth Snowden said trade is an important source of jobs for the country.
Report: Yang Ming raises $54m in private share sale
The Taiwanese ocean carrier has sold 161 million new shares to the state-run National Development Fund, Taiwan Navigation and a handful of unnamed institutional investors, according to multiple media reports.
AP: Panama Canal still suffering from growing pains
Since the opening of the Central American waterway’s expanded third lane, roughly 2 percent of vessel transits have resulted in incidents that damaged the ship or the canal locks themselves, according to a recent report from the Associated Press.
Executive Moves: Iptor Supply Chains Systems and PayAnyBiz
Iptor Supply Chains Systems names new chief financial officer, while PayAnyBiz hires executive vice president of sales and marketing.