The air cargo space wholesaler opened a new office in Miami, which will handle local cargo, as well as transshipments from its global network on their way to South America.
MPC Capital offloads eight containerships for $398m
The firm’s maritime investment subsidiary will sell a portfolio of eight 8,500-TEU container vessels to an unnamed Asian finance syndicate, which plans to continue to use the ships for charter operations.
Boeing, Airbus get green light to export commercial aircraft to Iran
According the Associated Press, the U.S. Treasury’s Office of Foreign Assets Control has granted permission to Boeing and Airbus to export commercial aircraft to Iran.
Abu Dhabi Ports reveals booming first-half results
The master developer and regulator of ports and industrial zones in Abu Dhabi saw a boost in net profits and revenues for the first half of 2016, and the amount of new land leased at the Khalifa Industrial Zone rose by 50 percent from a year ago.
Logistics software provider integrates with INTTRA
The European software company NaviTrans, which provides systems to forwarders, will enable access to INTTRA’s booking, shipping instructions and tracking solutions.
Port of Virginia inks 50-year lease extension for container terminal
The second-phase of expansion at the Virginia International Gateway container terminal will soon commence now that the Virginia Port Authority has secured a long-term commitment to operate the facility.
“K” Line refutes bankruptcy rumors
Recent speculations the Japanese container line might file for bankruptcy protection are “completely groundless,” according to Kiyoshi Tokonami, general manager of the company’s Investor and Public Relations Group.
Walmart completes Jet.com acquisition
The nation’s largest brick and mortar retailer said it has completed its $3 billion acquisition of Jet.com, which it plans to use to expand its growing e-commerce business.
Cushman & Wakefield becomes exclusive leasing agent for Florida warehouse
The global real estate services firm has been named the exclusive leasing agent for a 244,000-square-foot warehouse in Jacksonville’s Southside submarket.
A.P. Møller – Maersk says it will split into two divisions
The Danish conglomerate said one division will focus on transport and logistics, while the other division will focus on energy.