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Port of Oakland to take financial hit from Ports America, TIL exit

Port commissioners have scheduled meetings to discuss the termination of the Outer Harbor Terminal lease agreement and potential plans by port terminal operator TraPac to expand into the vacated facility.

Shipping NewsPosted on: January 28, 2016

U.S. further loosens export controls for Cuba

The Commerce Department’s Bureau of Industry and Security and the Treasury Department’s Office of Foreign Assets Control have announced further regulatory amendments to expand the types of U.S. goods allowed for export to Cuba.

Shipping NewsPosted on: January 27, 2016

Algeria prepares for major shipping port

The new port, which will be situated just 60 kilometers west of the capital city of Alger, will be equipped with 23 quay berths with an overall quay length of 6,320 meters.

Shipping NewsPosted on: January 27, 2016

Second new LNG-powered TOTE containership delivered

The Perla del Caribe, the sister ship of world’s first containership fueled by liquid natural gas, is expected to enter service for TOTE Maritime Puerto Rico next month.

Shipping NewsPosted on: January 27, 2016

Great Lakes iron ore shipments tumble in January

A total of 2.16 million tons of iron ore were shipped on the Great Lakes and St. Lawrence seaway in January, a 22 percent year-over-year decline.

Shipping NewsPosted on: January 27, 2016

Halterm Container Terminal invests in new equipment

The Canadian port terminal in Halifax will receive three front end loaders, eight intermodal terminal tractors and five roll-on/roll-off terminal tractors in the second quarter of this year.

Shipping NewsPosted on: January 27, 2016

FedEx to launch 25m share repurchase program

The parcel courier’s prior repurchase authorization for 15 million shares, announced in September 2014, has been completed, leaving around 272 million outstanding common shares as of Jan. 25, 2016.

Shipping NewsPosted on: January 27, 2016

CN bucks freight rail trend, ups profits in 2015

Canadian National Railway reported fourth quarter earnings of C$941 million and full-year profits of C$3.54 billion in 2015, year-over-year increases of 11 percent and 12 percent, respectively, despite a weak rail freight market.

Shipping NewsPosted on: January 27, 2016

TQL expands into Miami

Cincinnati, Ohio-based freight brokerage firm Total Quality Logistics’s new office in Miami, Fla. is scheduled to open March 21.

Shipping NewsPosted on: January 27, 2016

Executive Moves: YRC Freight, SEKO Logistics, MARS and Volga-Dnepr Airlines

YRC Freight names VPs and SEKO Logistics picks head of aerospace vertical, while MARS elects 2016 officers and Volga-Dnepr Airlines appoints global directors.

Shipping NewsPosted on: January 27, 2016

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  • Gemini Shippers joins coalition seeking suspension of detention and demurrage charges
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  • ITC weighs testimony in aluminum AD/CVD case
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Gemini Shippers Association

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Fashion Accessories Shippers Association

www.fasa.nyc

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New York, NY 10001
info@fasa.nyc
212-947-3424