The e-commerce giant will open its fourth fulfillment facility in Baltimore’s Sparrow Point industrial complex, the third facility within Baltimore city limits, Amazon announced Tuesday.
Lawmakers introduce sugar trade policy reform bill
The Sugar Policy Modernization Act, which was proposed simultaneously this week in both the House and Senate, would require the sugar industry to pay back any taxpayer dollars they receive when they forfeit on government loans.
Kirby Corp. Q3 earnings tank amid increased revenues
The Houston-based tank barge operator performed better than expected during the quarter as several tailwinds more than offset the negative impacts from hurricanes, according to president and chief executive officer David Grebinski.
U.S. beef exports hold strong in September
Japan was the leading market for U.S. beef exports in terms of volumes and value during the month, despite its recent duty rate increase on imports of frozen U.S. beef.
Port Everglades readies for expansion amid record FY2017 box volumes
Florida’s leading perishables seaport also welcomed the first shipment of Colombian Hass avocados into the United States on Monday.
CMA CGM to use LNG for 22,000-TEU mega-ships
The French ocean carrier reveled its nine future 22,000-TEU containerships, all of which are slated for delivery in 2020, will be equipped with engines that will run primarily on liquefied natural gas (LNG).
Report: CSX may cancel Carolina Connector terminal
The Jacksonville, Fla.-based Class I railway may be backing away from its previously announced plans to develop an intermodal rail terminal neat Rocky Mount, N.C., according to multiple media reports.
ICS seeks ‘zero CO2 emissions’ for ocean shipping
The International Chamber of Shipping (ICS), which represents shipowners’ associations covering more than 80 percent of the world’s maritime fleet, says the elimination of carbon emissions from oceangoing vessels is achievable by the end of this century.
COSCO Shipping Intl. puts its money on Cogent Holdings, PT Ocean Global
The investment arm of China COSCO Shipping has agreed to a $490 million cash buyout for logistics firm Cogent Holdings as well as a 40 percent stake in shipping company PT Ocean Global, reported multiple media sources.
Drewry: Dry bulk charter rates to recover beginning in Q2 2018
Increased Asian iron ore demand is expected to lead to “a bright future” in the dry bulk charter market, according to Rahul Sharan, lead dry bulk shipping analyst for the London-based global shipping consultancy Drewry.