An increasing amount of shippers are requesting “hidden” financial data from carriers, following weak carrier financials and Hanjin’s bankruptcy filing, according to shipping research and consulting firm Drewry.
U.S., EU trade negotiators wrap up latest round of T-TIP talks
Negotiators for the Transatlantic Trade and Investment Partnership, a trade agreement between the United States and the European Union, remain optimistic that an agreement will be reached, although political support has waned.
Korean Register’s CEO dies
The Korean Register’s 63-year-old chairman and chief executive officer, B.S. Park, died Monday following a brief illness.
Executive Moves: LISCR, Kalmar and Envirotainer
The Liberian International Ship and Corporate Registry appoints four managers, while Kalmar strengthens its Americas management and Envirotainer names head of Asia-Pacific operations.
Southeastern U.S. ports escape major damage, begin operating
Hurricane Matthew caused minor damage at ports from North Carolina to Florida, but operations have returned to normal, except at the Port of Savannah.
ATA: DOT proposal for electronic speed limiters needs more work
Despite advocating for mandatory adoption of the technology for the last 10 years, the American Trucking Associations says the U.S. Department of Transportation’s initial proposal to require speed control devices on commercial vehicles is flawed.
Port of London pilot dies following accident boarding cargo ship
The pilot was involved in an accident in Gravesend Reach while boarding the general cargo ship Sunmi and emergency responders were unable to save his life, the Port of London Authority said in a statement.
U.S. transportation sector hiring slides in September
Transportation and logistics companies cut 9,000 positions last month, following two consecutive months of hiring gains, according to recent preliminary data from the U.S. Department of Labor.
NYK projects $1.9b in FY2016 extraordinary losses
The Japanese ocean carrier estimates it will report extraordinary losses totaling 195 billion Japanese yen (U.S. $1.89 billion) in fiscal 2016 due to continued weakness in container and dry bulk freight rates, according to a statement from the company.
Rhode Island DOT moves forward with truck tolling plan
The Rhode Island Department of Transportation said it will implement bridge tolls throughout the state for tractor trailer operators, a plan that has been met with protests from trucking associations, following federal approval.