German business associations say they are fed up with an increase of cargo thefts throughout Germany and have launched a joint initiative to fight back.

Under the deal, Hong Kong-based terminal operator China Merchants Port Holdings Co. (CMPort) will pay $607.5 million Australian (U.S. $473.8 million) for a 50 percent stake in the largest port on the East Coast of Australia.

UPS has started an international guaranteed midday freight delivery service for cargo originating in 71 countries and shipped to 35 destination countries.

Taiwanese ocean carrier Evergreen Marine Corp. on Thursday entered an agreement with Samsung Heavy Industries to construct eight 11,000-TEU containerships, with deliveries starting in early 2020.

Freight forwarder Gebrüder Weiss has expanded its home delivery service beyond Austria to include the Czech Republic, Croatia, Hungary and Slovakia.

The crude oil tanker m/v Nordic Pollux, which weighs 150,103 deadweight tons (dwt), has a length of almost 900 feet and a breadth of 157 feet.

Competitor University Loft Co. alleged in a whistelblower lawsuit filed under the False Claims Act that Home Furnishings Resource Group evaded anti-dumping duties on wooden bedroom furniture imports by misclassifying it as non-bedroom furniture.

The gross charter rate is $12,250 per day for a minimum 16 months a maximum of 19 months, according to Athens, Greece-based dry bulk vessel lessor Diana Shipping.

The Owner-Operator Independent Drivers Association had requested the exemption from the electronic logging device mandate for small trucking businesses with “exemplary” safety records back in November.

International Chamber of Shipping (ICS) appoints secretary general, BNSF Logistics and Choice Logistics both name new president, and HubTran hires vice president of sales.