The program is expected to be launched in October for participants in the Free and Secure Trade (FAST), a commercial clearance program for known low-risk shipments entering the U.S. from Canada and Mexico, according to Customs and Border Protection (CBP).
ICTSI to purchase 35% stake in Manila North
Manila-based terminal operator International Container Terminal Services, Inc. (ICTSI) has entered into a purchase agreement for Patron’s 10,499,000 shares in the Philippine port terminal, valued at 1.75 billion Philippine pesos (U.S. $34 million).
JAXPORT names Green permanent CEO
Eric Green, who has been serving as interim chief executive officer at the North Florida port since the resignation of Brian Taylor in March, has been selected as the new CEO of the Jacksonville Port Authority (JAXPORT).
CNCo containership catches fire at New Zealand port
The Kokopo Chief’s C02 fire suppression system is believed to have extinguished most of the flames after rising temperatures set it off while at anchor in the Port of Tauranga, according to local media reports.
Executive Moves: JAXPORT and Heartland Rail
Jacksonville Port Authority selects chief executive officer and Heartland Rail names business development director.
Containers fall off MOL vessel into Port of Oakland’s outer harbor
The empty containers were aboard the MOL Maxim, a seven-year-old, 79,373 deadweight-ton vessel, when they fell into the water in the Port of Oakland’s outer harbor.
BHP, Goodfuels to test biofuel for marine vessels
The two energy providers have agreed to collaborate on a pilot project as part of a greater discussion on the use of biofuels as a sustainable alternative fuel for the future of shipping.
Abu Dhabi Ports commences operations in UAE
Abu Dhabi Ports now has the exclusive ability to enhance the Port of Fujairah’s existing infra and super structure, plus manage all container, general cargo, roll-on/roll-off (ro-ro) and cruise ships at the port.
Diana Containerships initiates reverse stock split
The Greek containership owner and leasing company has revealed it will carry a one-for-three reverse stock split, reducing the total number of common shares in circulation from roughly 3.2 million to about 1.1 million.
FMC reviews 11 OTI license applications
The U.S. Federal Maritime Commission has received 11 ocean transportation intermediary license applications and changes for review.