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Hurricane Harvey wreaks havoc on Gulf Coast

The storm made landfall as a category 4 before dropping down to a category 3, causing massive flooding and damage that has lead to service delays and temporary closures at the Port of Houston, BNSF railroad, area airports and oil refineries off the coast.

Shipping NewsPosted on: August 28, 2017

Regulatory Digest – August 25, 2017

Shipping NewsPosted on: August 25, 2017

Triple S Marine tug sinks at fuel dock in Louisiana

The Gracie Claire, a 40-year-old 900 HP push boat, had about 2,300 gallons of diesel on board at the time of its sinking, according to a statement from the U.S. Coast Guard.

Shipping NewsPosted on: August 25, 2017

Commerce finds subsidies in biodiesel imports

The U.S. Department of Commerce has found evidence of countervailable subsidies for imports of biodiesel from Argentina and Indonesia, and U.S. biodiesel producers warn that these subsidized shipments keep coming.

Shipping NewsPosted on: August 25, 2017

Asian air cargo boosting profits for major airlines

An increase in airfreight of semiconductor and auto parts has led to soaring earnings for carriers like Cathay Pacific Airways and Singapore Airlines, according to a report by Reuters.

Shipping NewsPosted on: August 25, 2017

Port of Tauranga throughput breaks 1m TEUs amid Timaru terminal takeover

The New Zealand port took over the Timaru Container Terminal in 2014 and has seen its investment returned in the form of increased volumes, which reached 1.1 million for the fiscal year ending June 30, 2017.

Shipping NewsPosted on: August 25, 2017

Container carriers continue to order new capacity in flooded market

Excess capacity drove container freight rates down to near-record lows last year, but Drewry estimates 57 ultra-large containerships with at least 18,000 TEUs of capacity will be delivered to the global fleet in the next two to three years alone.

Shipping NewsPosted on: August 25, 2017

DP World predicts higher volumes for 2017 after first half growth

The Dubai-based terminal operator handled 7.7 percent more volume in the first half of 2017 compared to the same period last year, suggesting the company will reach its full-year expectation, according to CEO Sultan Ahmed Bin Sulayem.

Shipping NewsPosted on: August 25, 2017

Commentary: Positives, negatives of GST

India’s move at the beginning of July to a unified, nationwide goods and services tax (GST), instead of a patchwork of state and central taxes, is smoothing cross-state logistics, but be wary of the impact on unregistered suppliers.

Shipping NewsPosted on: August 25, 2017

Deutsche Post DHL to sell Williams Lea Tag to Advent International

Although the deal is still subject to regulatory approval, Williams Lea Tag’s operations and assets are expected to transfer over to Advent International by the fourth quarter of 2017.

Shipping NewsPosted on: August 25, 2017

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Fashion Accessories Shippers Association

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