JLL Chief Industrial Economist Walter Kemmsies said many factors are likely to impact the freight movement industry, ranging from macro issues, such as possible trade policy and regulation changes, to specific issues that affect how goods are shipped.

The legislation, which is now being sent to President Obama to sign, authorizes about $9 to $10 billion worth of projects for harbor dredging and navigational aids, river locks, flood protection, beach replenishment and environmental restoration.

Islamic Republic of Iran Shipping Lines is ordering four 14,500-TEU containerships and six chemical/product tankers from the South Korean shipbuilder.

The move by Japan’s parliament on Friday to ratify the sweeping 12-nation Trans-Pacific Partnership free trade agreement is seen as a mostly symbolic gesture as President-elect Donald Trump has repeatedly promised to exit the deal when he takes office.

Hansa Heavy Lift appoints head of Asia Pacific, while Broekman Logistics promotes new managing director of warehousing and distribution and American Trucking Associations names Infrastructure Funding Task Force members.

Members of the 2M Alliance – Maersk and MSC – reached a space-sharing deal with HMM, which they said is “outside the scope” of the 2M Alliance, but will involve HMM buying slots on 2M vessels and 2M partners purchasing slots with HMM on selected routes.

Members of the 2M Alliance – Maersk and MSC – reached a space-sharing deal with HMM, which MSC said is “outside the scope” of the 2M Alliance, but will involve HMM purchasing slots on 2M vessels and 2M partners purchasing slots with HMM on selected routes.

The non-vessel operating common carrier and ocean freight consolidator said the new service will launch Dec. 12 and will provide 22-day transits from Gdynia to New York.

American Soybean Association elects president and vice president, while the IATA FIATA Air Cargo Program nominates governance manager, and Hill Dickinson hires global head of shipping.

The Port of Virginia experienced its second busiest month ever in November for container volumes, handling 236,155 TEUs.