The Japanese ocean carrier has acquired a 25 percent share of EMAS Chiyoda Subsea, a construction firm specializing in offshore and subsea oil and gas facilities, from Singapore’s Ezra Holdings and Japan’s Chiyoda Corporation.
Maersk Line beefs up reefer fleet
The Danish container carrier ordered 14,800 new refrigerated cargo containers, lowering the average age of its reefer equipment fleet to 7.9 years old, well below the industry average, the company said in a statement.
Special Coverage: Canada’s eastern ports plan for upgrades
Eastern Canadian ports plan expansions and new terminals, with an eye on Asian cargo.
Sen. Warren suggests fix that could save TPP
Bernie Sanders, D-Vt., said he will fight the trade deal in the Senate, but Sen. Elizabeth Warren, D-Mass., hinted the deal could fly in 2017 if controversial language giving corporations the right to challenge a nation’s regulations is removed.
CBP pushes back ACE deadline for post-release functions
The U.S. Customs and Border Protection said it has postponed the mandatory date for all importers to file certain post-release documents in the Automated Commercial Environment to give all stakeholders more time to prepare their software for the switch.
MOL obtains $987m ‘hybrid loan’
The Japanese carrier said it will use the funds to invest in its growth, boost the company’s earnings base to increase business competitiveness, and to raise funds for vessel-related facilities.
SSA’s Stubkjaer receives Connie Award
The chief executive officer of SSA Inc., Knud Stubkjaer, who has over 35 years of expertise in the transportation, terminal operations and logistics industry, received the 2016 Connie Award.
UECC takes delivery of world’s first LNG-powered PCTC vessel
United European Car Carriers, a joint venture between ocean carriers NYK and Wallenius Lines, received the world’s first pure car and truck carrier capable of running on liquified natural gas from Kawasaki Heavy Industries Ltd., NYK said in a statement.
NCBFAA urges CBP to create regulations on low-value, duty-free shipments
The association has called on the U.S. Customs and Border Protection to promulgate rules that require importers of low value goods to bear the same data requirements as shippers of goods over the de minimis level.
APL Logistics retracts “K” Line comments
Japan’s Kintetsu World Express’ wholly-owned subsidiary, APL Logistics, said its employees are retracting earlier statements they made last week regarding “K” Line’s financial position.