The parcel giant and peer-to-peer e-commerce platform are teaming up to make it easier for new customers eager to sell their unwanted smartphones, designer handbags and golf clubs on EBay’s online auction site during spring cleaning season.
UK preparing to send largest-ever U.S. wheat shipment
The United States is about to import the largest wheat cargo from the UK in more than two decades as a combination of ample British supply, a weaker pound and rock-bottom freight rates make the unusual trade viable.
Hyundai Merchant shares slip amid charter rate talks
Stock in South Korea’s second-biggest container carrier fell the most in three weeks in Seoul trading on uncertainty over whether the company would obtain deep discounts for rates on leased vessels in its negotiations with shipowners.
COSCO, CSCL stocks surge in Shanghai, Hong Kong
Shares of the fellow China-owned shipping conglomerates, which recently merged at the behest of the Chinese government, jumped as much 9.9 percent and 10 percent, respectively, in Shanghai trading yesterday.
MISC to divest integrated logistics unit for $63.5m
The Malaysian shipping conglomerate has entered into an agreement to sell its entire stake in the wholly-owned subsidiary MISC Integrated Logistics Sdn Bhd to Swift Haulage Sdn Bhd.
Port of Brownsville’s grain elevator to become operational again
The Brownsville Navigation District signed an agreement with West Plains LLC to modernize and reactivate the grain elevator.
Fish and Wildlife Service begins ACE data test
In preparation for mandatory filing of import data through Customs and Border Protection’s new Automated Commercial Environment system, the FWS is running a short pilot program to make sure users can successfully transmit data.
Dry shipping container prices fall to lowest level since 2002
The price of an average container fell 15 percent during the first quarter of 2016, according to a recent report from London-based shipping consultant Drewry Maritime.
CMA CGM launches Baltic Levant Express
The French ocean carrier commenced the weekly Baltic Levant Express, operating between North Europe and the Mediterranean with six vessels.
Executive Moves: Saddle Creek, CenterPoint, LOC Group and CSafe
Saddle Creek appointed chairman and CenterPoint Properties named VP on West Coast, while LOC Group appointed COO and CSafe Global announced sales director for France and Spain.