Container freight rates measured by the Shanghai Containerized Freight Index fell across the board from last week following a short-term increase in rates that stemmed primarily from issues associated with Hanjin Shipping filing for court receivership.
Maersk shuffles top management in wake of split announcement
APM Terminals appointed A.P. Moller Shipping Services Chief Executive Morten Engelstoft to succeed current CEO Kim Fejfer, who will be taking up a new role at APM Holding A/S, according to a statement from the company.
More Hanjin vessels offload cargo
Thirty-five of the 97 containerships operated by the now insolvent South Korean ocean carrier have completed cargo unloading, Korea’s Yonhap News Agency reported Friday.
Executive Moves: Port of New Orleans and CHA Consulting
The Port of New Orleans elects board chairman, while CHA Consulting names head of Transportation Group.
Special Coverage: Port of Virginia kicks investment plans into high gear
The mid-Atlantic port is moving quickly to make large strategic investments in marine and inland terminals after years of relative neglect.
House Democrats voice opposition to WRDA after late change
The Water Resources Development Act has mostly received bipartisan support, but Democrats in the House are upset that a provision that would have protected Harbor Maintenance Tax receipts from being diverted for other uses was removed from the final dr…
BNSF CEO: Railroad regulators need to recognize dip in coal traffic
Matt Rose, chief executive officer of the Berkshire Hathaway-owned Class I railway, said federal regulators should consider how the sharp decline in coal traffic is affecting the nation’s railways.
Port of New York/New Jersey experiences busy August
In addition, the port authority’s commissioners approved a $3.4 million contract with Hatch Associates Consultants to develop a long range maritime master plan for future growth.
U.S. wins WTO compliance dispute over EU’s Airbus subsidies
The World Trade Organization ruled in favor of the United States in a long, drawn out dispute with the European Union and four of its member countries over subsidies to aircraft manufacturer Airbus.
U.S. says more work to be done as China lifts beef import ban
The Office of the U.S. Trade Representative acknowledged that China’s Ministry of Agriculture has lifted a ban on U.S. beef imports, but said it’s only a “critical first step” to restoring market access to American meat shippers.