The update was developed over the past two years by the neighboring ports of Los Angeles and Long Beach, incorporating input from dozens of meetings with industry, regulatory, community and environmental stakeholders.
HMM to issue new shares worth $620m
South Korean ocean carrier Hyundai Merchant Marine (HMM) will offer 120 million new shares at 5,780 won each, according to a report from the Korea Times.
SCPA sees strong FY2018 first quarter growth
South Carolina Ports Authority handled 539,995 TEUs during the first quarter of its 2018 fiscal year, which ran from July 1 through Sept. 30, up nearly 4 percent year-over-year.
Report: Retailers need to ‘double down’ on shipping, returns and tracking
A new study from global technology firm Pitney Bowes has found that online shoppers value ease of access and low costs, leading to the conclusion that retailers should focus their efforts on “delivery experiences.”
APL to continue operating Kaohsiung terminal
Taiwan International Ports Corp. has agreed to renew APL’s lease at the Kaohsiung port terminal for an additional 10 years, the ocean carrier and terminal operator said in a statement.
Hapag-Lloyd completes capital increase
The German ocean carrier raised 352 million euros (U.S. 414 million) in gross proceeds through a capital increase, with 96.5 percent of the existing shareholders exercising their subscription rights that were agreed upon on Sept. 28.
Project cargo carriers form alliance
BBC Chartering and Jumbo, two of the world’s largest heavy-lift vessel fleet operators, have entered into an alliance that will allow the companies to jointly bid for shipper’s cargoes.
AMSteel to operate new bulk, general cargo berth at King Abdullah Port
The port operator and steel shipper will operate the port’s first bulk and general cargo terminal starting in the second quarter of 2018.
CenterPoint breaks ground on new logistics center
The industrial real estate development and management firm began construction on the CenterPoint Logistics Center-O’Hare on the southern edge of Chicago’s O’Hare industrial submarket.
YTD freight volumes grow at SW Florida Intl. Airport despite September decline
So far in 2017, the airport has seen a total of 11,787 tons of freight compared to 11,333 tons during the same nine-month period in calendar year 2016.