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.
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.
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.
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.
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.
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.
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.
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.
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.