The Turkish Steel Exporters’ Association are meeting with federal government officials and industry experts in Washington this week with plan to improve U.S.-Turkish steel trade relations.
ZIM adjusts Asia-Mediterranean loops
The Israeli carrier will add a westbound Ashdod call and remove a westbound Port Kelang call on its joint EMX loop with OOCL, and will add Xingang and Qingdao calls to its AME loop.
GAO report details cost of food aid shipping requirements
The U.S. Government Accountability Office said in a report issued Friday CPFA requirements have increased the overall cost of shipping food aid by an average of 23 percent from April 2011 through fiscal year 2014.
GRI Roundup: Maersk Line, CMA CGM and Hapag-Lloyd
Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd announced general rate increases.
Executive Moves: Cargo 2000 and CHAMP Cargosystems
Cargo 2000 appoints new executive director, while CHAMP Cargosystems names CFO.
Hapag-Lloyd plans to raise $500m with IPO
CSAV and Kühne Maritime will double down on their investments in the German container liner by each investing an additional $50 million.
Spot container rates sink for third straight week
Since last week, rates from Shanghai to Northwest Europe and the Mediterranean fell by 31.4 percent and 30.1 percent, respectively.
Foltz details FY’16 investment budget for Savannah
Investments are keeping Savannah ahead of new cargo demand, the Georgia Ports Authority executive director said in his annual State of the Port speech Thursday.
BWR: Ocean carriers shake up Asia-ECSA trade
Data from BlueWater Reporting shows the termination of the NHX service between Asia and East Coast of South America will decrease weekly deployed capacity between the two regions by 10.2 percent.
Q2 U.S. GDP beats expectations
The U.S. Department of Commerce’s Bureau of Economic Analysis revised a previous prediction of a 3.7 percent annual growth rate in second quarter gross domestic product to a 3.9 percent increase.