Three individuals under ISIS designations have been added to the Office of Foreign Assets Control’s Specially Designated Nationals list.
NEWS FLASH: FMC seeks details of carrier, terminal demurrage practices
The U.S. maritime regulator asked container carriers and marine terminals to provide detailed information about their port demurrage, detention and free-time practices as part of its investigation announced last month.
Virginia Maritime Association names David White EVP
David C. White, vice president of the Virginia Maritime Association (VMA), who has produced the VMA’s International Trade Symposium for 15 years, has been named executive vice president of the VMA, succeeding Arthur W. Moye.
Japanese carriers inject $3b into ONE
NYK, MOL and “K” Line, which make up the Ocean Network Express, completed an aggregate investment of $3 billion into the container shipping joint venture, which commenced operations on Sunday.
Trump threatens to end NAFTA if Mexico doesn’t help on immigration
President Trump suggested Mexico must do more to stop illegal immigration into the United States in order for the North American Free Trade Agreement to be maintained.
Macquarie commits $130m for container staging hub in L.A.
The proposed Harbor Performance Enhancement Center on Terminal Island at the Port of Los Angeles is designed to speed the flow of containers.
Port Houston unveils new investments
The Texas port also posted a 7 percent year-over-year boost in cargo tonnage for the first two months of 2018.
Drewry: Transatlantic container rates bucking downward trend
Rates between Asia and the United States, Europe and the Mediterranean all declined considerably last week compared with the same period a year ago, but rates from Europe to the U.S. East Coast soared 16 percent year-over-year.
Shippers’ Law: Damaged entirely or in part?
U.S. courts wrestle over whether the Montreal Convention’s liability provisions apply to air cargo damaged while in a warehouse near the Miami airport.
FedEx acquires third-party parcel carrier P2P
The Memphis-based integrator’s purchase of Laindon, U.K.-based last-mile delivery specialist P2P Mailing Ltd. is expected to complement and help expand FedEx’s e-commerce offerings, the company said in a statement.