The U.S. Federal Maritime Commission has received 24 ocean transportation intermediary license applications and changes for review.
GRI Roundup: Maersk Line and Emirates Shipping Line
Ocean carriers Maersk Line and Emirates Shipping Line issued general rate increases.
Thaw in U.S.-Cuba relations increases prospects for future trade
Construction, mining and power generation equipment manufacturer Caterpillar is among a growing number of U.S. companies seeking to end the trade embargo in order to tap the Cuban consumer market.
NEWS FLASH: Southern California port trucking company ordered to pay 38 workers $6.9 million
Head of Teamsters Port Division predicts drayage industry will have to convert employee model.
O’ little port of Bethlehem
A proposal for the development of an inland port in the eastern Pennsylvania town of Bethlehem is being floated by the Port of New York and New Jersey in an effort to relieve pressure on the busiest port on the U.S. East Coast.
COSCO, China Shipping asked for details on merger plan
The Shanghai Stock Exchange has given the two companies three days to respond to detailed questionnaires about their potential deal, which would create the fourth largest ocean carrier worldwide.
Canada holds off retaliatory tariffs on U.S. products
The Canadian government this week said it will not apply WTO-authorized retaliatory tariffs in response to the U.S. Congress’s repeal of country origin labeling requirements.
Boeing to pay $12m penalty to FAA
The Federal Aviation Administration had been investigating the aircraft manufacturer for not properly managing its quality controls for manufacturing.
Saverco completes privatization of CMB
Saverco has acquired all the outstanding shares of ship and aircraft lessor CMB and delisted it from Euronext Brussels on Dec. 22.
Port of Colombo sets throughput record
The Sri Lankan port established a record by reaching a container throughput of 5 million TEUs since the beginning of 2015.