Ocean freight tendering is complicated with little standardization, but there are ways shippers can succeed and not view it as such an onerous process.

The global terminal operator will upgrade its Port Elizabeth terminal at the North Atlantic port with the addition of a new berth and container yard capable of handling 13,000-TEU vessels.

Online freight rate marketplace Freightos acquired air cargo management provider WebCargoNet, which will provide Freightos with a broader range of airfreight rates to complement its existing database of air and ocean rates.

The U.S. Transportation Department’s Federal Highway Administration said it will release $14.2 million in grants to a total of seven states through a grant program that was established by the Fixing America’s Surface Transportation (FAST) Act.

Korea’s Financial Services Commission said the government will promote sales of Hanjin Shipping’s core assets to Hyundai Merchant Marine in a bid to maintain competitiveness of the Korean shipping industry.

The New Wave Group, a wide-ranging manufacturer whose brands include Craft, Speedo, Pax, Ahead, Clique and Kosta Boda, signed an exclusive three-year contract with DHL Global Forwarding for ocean transportation.

The 3rd U.S. Circuit Court of Appeals affirmed the dismissal of a federal complaint filed against the Waterfront Commission of New York Harbor over a hiring dispute.

Legislation signed last week by Gov. Jerry Brown may have dealt the final blow to a Port of Oakland plan to bring coal cargoes to its terminals by prohibiting the state from providing funds for such projects.

Shipping research and consulting firm Drewry projects the global leased container equipment operating fleet will increase by a little more than 1 percent in 2016.

The Jersey City, N.J.-based Great Lakes bulk carrier has completed agreements with lenders to amend prior credit terms and waive certain default penalties, the company said in a statement.