Although container volumes to and from the United States and Canada are both projected to continue to increase in the coming year, the countries will “have two very different tales to tell” in 2018, according to a new report from ocean carrier Maersk Line.
TPP-11 text released
The agreement will enter into force 60 days after at least six member governments or at least 50 percent of signatories – whichever is smaller – complete national ratification procedures.
European Commission fines four car carriers $486.5m
Japanese ocean carrier MOL received immunity for revealing the cartel, while the fines for CSAV, “K” Line, NYK and WWL-EUKOR were reduced for their cooperation with the investigation.
Virginia lawmakers carve out $350m for Norfolk dredging
The Virginia House of Delegates Committee on Appropriations and Senate Finance Committee recently released their respective two-year state budget proposals, both of which contain funding for the widening and deepening of the Port of Norfolk Harbor Chan…
Container shipping striking a balance?
BIMCO, a Copenhagen-based international shipping organization, said 2018 could be the year in which container shipping growth and demand growth come out equal.
NCBFAA outlines remaining ACE priorities
Among the actions called for by the brokers and forwarders group is for U.S. Customs and Border Protection to program the Automated Commercial Environment to allow for goods releases at the border.
Matson profits soar on U.S. tax reform
The Honolulu-based ocean carrier posted a net income of $232 million for the full year in 2017, an increase of more than 185 percent compared with the previous year, according to Matson’s most recent financial statements.
LSP to offer shippers alternative Asia-Houston routing
Sparx Logistics in April will start an ocean and rail service to connect Asia with Houston using the Port of Lazaro Cardenas.
DB Schenker revs auto logistics services
The German third-party logistics provider will expand into non-traditional services for the automotive sector, including the 3D printing of replacement parts and other “additive production” support.
Schiphol’s cargo combines with marketing department
Schiphol Cargo, the cargo operation of Amsterdam Airport, will be merged with the Aviation and Marketing Department, effective April 1.