The U.S. Treasury Department’s Office of Foreign Assets Control has sanctioned six individuals, 24 entities, and seven vessels for the illicit production, refining, brokering, sale, purchase or export of Libyan oil.
CMA CGM to launch multi-temperature facility in London
The French container carrier said its logistics facility at DP World London Gateway Logistics Park is expected to commence operations in early summer next year.
Wheels keep spinning on bigger truck debate
Over 1,000 local government leaders told Congress last week that heavier and longer trucks could harm the nation’s transportation infrastructure, despite companies like FedEx saying how an increased twin tractor-trailer length would reduce driving miles.
FMC reviews 14 OTI license applications
The U.S. Federal Maritime Commission has received 14 ocean transportation intermediary license applications and changes for review.
Wilhelmsen Maritime’s planned acquisition of Drew Marine could run aground
The Federal Trade Commission said the $400 million deal would violate antitrust laws by significantly reducing competition in an important market for marine water treatment chemicals and services.
FMC appoints secretary, enforcement director
U.S. Federal Maritime Commission Acting Chairman Michael A. Khouri has recently appointed Rachel Dickon to serve as the commission’s secretary and Brian Troiano to director of the Bureau of Enforcement.
Rail Management Services snaps up Pinnacle Rail Operations
The purchase of Pinnacle Rail Operations, which operates seven automobile terminals in the United States for Class I railroads, will result in about a 10-fold increase in Rail Management Services’ automotive business.
The detention, demurrage fee conundrum
The Federal Maritime Commission has yet to determine if entities should receive relief from ocean carriers and terminals assessing free time penalties when the cause of exceeding contracted free time is out of the shipper or intermediary’s control.
Djibouti government seizes container terminal
DP World said its Doraleh Container Terminal was illegally seized Friday by the Djibouti government in attempts to force the terminal operator to renegotiate the terms of its concession.
Trade community wants answers on overdue alcohol excise tax cuts
U.S. Customs and Border Protection has yet to implement alcohol excise tax cuts mandated through recently enacted national tax reform legislation, leaving the trade community wanting more clarity on when and how the cuts will be executed.