Weak trade has limited growth opportunities for airfreight carriers, but trade is expected to improve in the second half of the year, according to the International Air Transport Association.
Executive Moves: Florida Ports Council, Busan Port Authority and Con-way Freight
Florida Ports Council appoints 2015-2016 leadership and the Busan Port Authority names CEO, while Con-way Freight promotes VP of western area sales.
Greece seizes cargo ship carrying weapons to Libya
The over 5,000 firearms and 490,000 rounds of ammunition found hidden in containers onboard the Haddad I may have been destined for ISIS forces.
BWR: Ocean3 Alliance restructures Asia-Europe loops
The Ocean3 Alliance of CMA CGM, UASC and CSCL will combine their FAL2 and FAL3 loops between Asia and Europe, decreasing its deployed capacity on the trade by approximately 21 percent, according to data from BlueWater Reporting.
Irish Continental Group’s Container and Terminal Division posts strong half-year results
The Irish Shipping Company’s Container and Terminal Division, which consists of intermodal shipping line Eucon and two container terminals, reported operating profits of 4.1 million euros on revenues of 57.2 million euros for the first half of 2015.
Manila container terminal to implement truck appointment system
International Container Terminal Services Inc., operator of the Manila International Container Terminal, said the Terminal Appointment Booking System is a “proactive alternative” to truck bans.
NS invests in cleaner locomotives for Atlanta yard
Federal grants supported engine retrofits for 10 locomotives and more are expected next year, according to Norfolk Southern.
Commerce levies $3.5m fine for illegal armored vehicle exports
The U.S. Department of Commerce’s Bureau of Industry and Security imposed a $3.5 million penalty on Streit USA of South Carolina, its UAE-based affiliates, and two corporate officers.
Cameroon awards contract for multipurpose terminal in Kribi
Necotrans and local business consortium Kribi Port Multi Operators won the concession for the terminal, which is expected to handle vehicles, wood, cotton and equipment for the mineral, oil and gas industry.
Port of Thunder Bay YTD grain shipments up 23%
The Thunder Bay Port Authority announced the port’s August grain shipments were 5 percent higher than its five-year monthly average thanks to strong harvests on the Canadian prairies throughout 2013 and 2014.