Representatives from the Pacific Maritime Association and the International Longshore and Warehouse Union met Tuesday and discussed a possible extension of their current contract, which runs through June 30, 2019.
Oakland fast-tracks TraPac terminal expansion
Work on the project, expected to nearly double the size of the Wilmington, Calif.-based terminal operator’s facility at the Port of Oakland, could begin as early as this month, the Northern California port said in a statement.
SingPost opens new logistics hub
Singapore Post Limited said its new Regional eCommerce Logistics Hub at the Tampines Logistics Park is its largest eCommerce logistics investment in Singapore to date.
Korea commits $9.6b to aid ailing shipbuilders
The South Korean government revealed plans earlier this week to order more than 250 vessels and extend 6.5 trillion won in financing by 2020 to prop up a shipbuilding industry that continues to suffer from weak demand and mounting losses.
Euronav reports drop in profits, revenues
The international oil shipping services provider reported net profits attributable to owners of the company tumbled 37.4 percent year-over-year for the first nine months of 2016, while revenues fell 13.3 percent from the same 2015 period.
Canada, EU sign major trade deal
However, the trade deal, known as the Comprehensive Economic and Trade Agreement, still must be approved by nearly 40 regional and national parliaments in Europe before it can be implemented.
BIS chief says U.S. export control reform must be ongoing
In the final months of the Obama administration, officials at the Commerce Department’s Bureau of Industry and Security said they remain as busy as ever on the reform of the nation’s export control system.
DSV continues to grow revenues, earnings following UTi integration
The Danish global transport and logistics provider reported 692 million Danish krone (U.S. $102.7 million) in adjusted earnings on DKK 17.2 billion in the third quarter of 2016, year-over-year increases of 14.8 percent and 37.3 percent, respectively.
Panama Canal offers incentive for clean-burning vessels
The environmental incentive program, designed for ship users who meet high efficient standards, will being Jan. 1 and participation is optional.
Correo Argentino partners with DHL on international parcel, logistics offerings
The national postal carrier of Argentina has tapped Deutsche Post DHL Group to provide expertise in logistics services, supply chain infrastructure, and domestic and international parcel service as part of an operational restructuring.