The liquefied national gas (LNG) terminal has been expanded to include a third berth for small LNG vessels, which will enable distribution to LNG terminals in other ports in the North Sea and Baltic where large LNG tankers are prohibited to transit.
Canada creates special envoy for EU trade deal
The creation of a new envoy for the Canada-EU Comprehensive Economic and Trade Agreement (CETA), reflects the high priority the country places on signing the deal despite recent opposition.
Commerce downgrades Q2 U.S. economic growth projection
U.S. gross domestic product increased 1.1 percent in the second quarter of 2016, according to the “second” estimate from the Department of Commerce, following a revised increase of just 0.8 percent in the first quarter.
Study: Terminal congestion impacts air quality at POLB
In addition to a 7 percent increase in container cargo, the severe congestion seen last year at ports along the U.S. West Coast caused an increase in diesel particulate matter, nitrogen oxides, and greenhouse gasses at the Port of Long Beach in 2015.
Seaspan raises $325m in public share offerings
The containership lessor sold 3.2 million Series G shares at $25 per share ($80 million) in an offering that closed Friday, and 9 million Series H shares earlier this month at the same price ($225 million total).
OL International opens Dubai office
The Westbury, N.Y.-based non-vessel-operating common carrier opened a new office in Dubai and now operates 18 offices and works with over 120 agents worldwide.
Commentary: The TPP debate, or lack thereof
The absolute void of discussion about the free trade deal the United States helped to instigate is the height of hypocrisy, and sends worrying signals to our trading partners.
Executive Moves: Kalmar and FECR
Kalmar, a subsidiary of cargo-handling equipment and systems manufacturer Cargotec, appoints new head of the Asia-Pacific region, while the Florida East Coast Railway names VP of carload sales.
FAA’s rules for commercial drone use kick in
New Federal Aviation Administration rules for operating commercial drones took effect Monday, making it easier for businesses to use the flying robots for a variety of applications.
Samskip buys Norwegian short-sea transport operator
Multi-modal container transport and logistics company Samskip said it expects its Norway business to increase from the current 55,000 TEUs per year to 90,000 TEUs per year due to its acquisition of Euro Container Lines AS.