The countries of Dominica and Mongolia have become the latest members to ratify the World Trade Organization’s Trade Facilitation Agreement, the global trade body said in a statement.
MOL enters offshore vessel support field
Mitsui O.S.K. Lines, Ltd. (MOL) has teamed up with Mitsui & Co., Ltd. and AKOFS Offshore AS to purchase a subsea support vessel through a new joint venture company, Avium Subsea AS.
<em>Reuters</em>: HSH Nordbank meeting with potential buyers
German bank and shipping financier HSH Nordbank is holding discussions in London with the Bank of China, as well as global investment groups Apollo and Lone Star, about a potential sale, according to a report from Reuters news service.
U.S. Class I railway employment decline continues in October
Major freight railroads in the United States employed 151,900 workers as of the middle of October 2016, down 0.38 percent from the previous month and 8.28 percent year-over-year, according to data from the Surface Transportation Board.
Executive Moves: Vancouver Fraser Port Authority and Scandinavian Shipping & Logistics
Vancouver Fraser Port Authority in British Columbia, Canada appoints new chief financial officer, while Scandinavian Shipping & Logistics tabs new managing director.
HMM leads bidding for Hanjin Algeciras terminal
Fellow South Korean ocean carrier Hyundai Merchant Marine expects to finalize the purchase of a 100 percent stake in Total Terminal International Algeciras in late December subject to due diligence, the company said in a statement.
Matson switches to AWS Cloud
Matson spokesperson Keoni Wagner told American Shipper that the move to the AWS Cloud was a phased process, which began in the fall of last year and was completed in August.
WTO upholds EU challenge of Boeing tax incentives
The World Trade Organization has found one of seven separate Boeing tax incentives identified by the European Union to qualify as subsidies since it is contingent on the use of domestic goods over imported ones, according to a statement from the WTO.
Ports of L.A./ Long Beach plan to update CAAP, with a focus on greenhouse gas reductions
The Southern California ports said they are planning to update their Clean Air Action Plan to reduce greenhouse gasses, but the Pacific Merchant Shipping Association has expressed concern about how the plan will impact the competitiveness of the ports.
Cass: North American freight market stems free fall in October
Shipment volumes in October 2016 grew 0.9 percent from the previous month and 2.7 percent compared with the same 2015 period, the first year-over-year increase in 20 months, according to the latest Cass Freight Index Report.