Iron ore loadings from the United States on the Great Lakes and St. Lawrence Seaway in June primarily originated from Two Harbors, Minn. (1.4 million tons), followed by Superior, Wis. (1.3 million tons) and Presque Isle, Mich. (892,722 tons).
Maersk, HMM deny merger speculation
Both carriers have refuted analyst reports that industry leader Maersk Line intends not just to bring Hyundai Merchant Marine into the 2M Alliance it shares with MSC, but to merge with or buy the struggling South Korean line.
Executive Moves: USAT Logistics and NWSA
USAT Logistics announces half a dozen management hires and promotions, while the Northwest Seaports Alliance names operations service center and port operations heads.
Iowa to move forward with Cedar Rapids intermodal hub
The $46.5 million intermodal hub in Cedar Rapids will cover 75 acres next to the Smith-Dows railyard.
AIIS: U.S. steel exports continue showing mixed results in May
The United States saw steel export volumes in May rise 1.1 percent from April, but fall 7.7 percent from May 2015, according to the American Institute for International Steel.
EU to investigate tax breaks for ports in France, Belgium
The European Commission has opened two separate in-depth probes into corporate tax exemptions granted by the French and Belgian governments to ports in an effort to determine if such benefits undermine competition with other EU nations.
IMF lowers EU economic projection on Brexit concerns
The United Kingdom’s decision to leave the European Union, the refugee crisis, recent terror attacks, and low inflation levels were among the reasons the Washington-based fund lowered its projection for Eurozone GDP growth in each of the next three years.
Panama Canal Authority details vessel traffic through expanded waterway
Two dozen neopanamax vessels have transited the expanded Panama Canal since it opened June 26.
Port of Virginia sets container volume record in June
The mid-Atlantic port, which will be frequented by 10,300-TEU vessels starting at the end of this month, handled 216,672 TEUs in June, a year-over-year increase of 1.5 percent.
JAXPORT receives neopanamax car carrier
Meanwhile, longshoremen at the Floridian port on Tuesday will begin offloading cargo from the MOL Majesty, a 6,724-TEU vessel that transited the Panama Canal’s new locks last week.