The Danish ocean carrier will join Hapag-Lloyd’s JMCSA service from Mediterranean ports to Montreal in September, just as Europe and Canada initiate the Comprehensive Economic and Trade Agreement (CETA).
FourKites partners with Mexican 3PL
The logistics software provider has formed a partnership with Vitti Logistics to provide the third-party logistics provider’s customers with real-time freight tracking across Mexico.
GAO: CBP should take holistic approach to FTZ oversight
The Government Accountability Office (GAO) has recommended that U.S. Customs and Border Protection (CBP) take a more holistic approach to its compliance oversight of the nation’s sprawling foreign trade zone industry rather than on a case-by-case basis.
Report: Cargo theft in Brazil up 14% in Q2 2017
The states of São Paulo and Rio de Janeiro, which have the highest rates of cargo theft in Brazil, are jointly responsible for 87 percent of cargo theft in the country, according to Sensitech.
Grain carrier splits in two en route to Turkish shipyard for repairs
The general cargo ship Leonardo, which was built in 1975, was 114 meters long (374 feet), had a breadth of 13 meters (42.6 feet) and a deadweight of 3,348 tons before splitting apart near Kumköy, west of the Black Sea entrance to the Bosporus.
Port of NY/NJ container volumes jump 8.4% in July
The North Atlantic port handled 576,947 TEUs in July 2017, an 8.4 percent increase from the same month a year ago, according to recent data from the Port Authority of New York and New Jersey (PANYNJ).
Singapore, Japan team up to study LNG-fueled car carriers
The Maritime and Port Authority of Singapore and the Ports and Harbours Bureau of the Ministry of Land, Infrastructure, Transport, and Tourism of Japan will helm a group studying the feasibility of LNG bunkering for car carriers between the two countries.
‘Big 3’ Japanese carriers join country’s first blockchain consortium
Ocean carriers MOL, “K” Line and NYK Line have partnered with 11 other industry firms in an effort to a develop trade data sharing platform using blockchain technology, with three major milestones to reach between August 2017 and March 2018.
Ports, railroads suspend operations as flooding from Hurricane Harvey continues
With operations suspended through Wednesday for many areas, and longer for others, analysts have estimated that freight rates will spike as cargo transport will be affected for up to the next month.
COSCO SHIPPING Ports ups profits in first half 2017
China COSCO Shipping’s port terminal operator arm’s profits attributable to equity holders of the company skyrocketed 123.7 percent year-over-year during the first half of 2017 to $384.7 million.