Gerry Wang, chief executive officer of Seaspan, expressed how he believes the industry will gradually improve if scrapping remains high and new ship orders remain low.
Transport Canada accelerates phase out of DOT-111 tank cars
Canada’s Transport Minister Marc Garneau has moved up the deadline for phasing out the use of older DOT-111 tank cars for crude-by-rail transport, according to the Canadian government department responsible for transportation policies and programs.
Lean targeting no disruption to momentum in Kewill integration
The TMS provider was acquired by fellow logistics software firm Kewill in April, and the companies are progressing on merging products and organizations, Lean executives said in a briefing.
C.H. Robinson’s Q2 revenues fall nearly 7%
Although the non-asset-based third-party logistics provider saw revenues fall 6.9 percent year-over-year in the second quarter of 2016 to $3.3 billion, net income rose 4.3 percent year-over-year to $143.1 million.
China ratifies U.N. intermodal transport convention
The U.N. Economic Commission for Europe said China has ratified the TIR Convention, which it says will further streamline cross-border transportation for cargo moving between China and Europe.
Port of Long Beach sets aside $46m for pollution mitigation
The Port of Long Beach Harbor Commission on Monday authorized a voluntary framework program that will disburse $46.4 million in local neighborhoods over the next dozen years or more to reduce the impact of port-related pollution.
Port of Tampa gains new container service
Linea Peninsular began operating a weekly container shipping service this month between the Mexican ports of Altamira and Progreso, and Tampa.
FMC reviews 16 OTI license applications
The U.S. Federal Maritime Commission has received 16 ocean transportation intermediary license applications and changes for review.
Port of Redwood City reports drop in tonnage
The Californian port saw a pause in the growth of building materials flowing across its docks during the past fiscal year.