Troubled container carrier Yang Ming Marine Transport is hoping a recapitalization plan, along with strong ties to the Taiwanese government and recent growth in global trade, will help lift its operations back into the black.
U.S. transportation employment rises modestly in July
The transportation and logistics sector added 900 position in July 2017 from June 2017, according to recent preliminary data from the U.S. Department of Labor.
Milaha to launch Qatar to Turkey reefer service
The service is a regularization of two ad hoc voyages of reefer vessels from Turkey to Qatar that maritime transport and logistics company Milaha had arranged the past few weeks.
ANSAC fined for unauthorized ballast water discharge near Portland
The Connecticut-based bulk carrier was issued a $5,000 fine after marine inspectors discovered that the freighter ANSAC Moon Bear discharged untreated ballast water into the Willamette River on three separate occasions during port calls in 2017.
U.S. shipping firm reaches settlement with OFAC for violating Iran sanctions
Blue Sky Blue Sea, Inc., doing business as American Export Lines and International Shipping (USA) (collectively referred to as AEL) agreed to pay $518,063 for violating U.S. sanctions on Iran 140 times.
Executive Moves: Schneider Packaging Equipment and World Shipping
Schneider Packaging Equipment names new president, while World Shipping, Inc.’s vice president of operations retires.
Commentary: Meeting the B2C challenges
New business-to-consumer e-commerce practices are rapidly changing the way retailers and their supply chain providers operate, as well as how governments apply trade oversight.
CSX CEO Harrison rebukes RCC letter to Congress
The Rail Customer Coalition has requested a Congressional investigation into CSX’s recovery efforts following reports of widespread service disruptions in the wake Hunter Harrison’s installation as chief executive of the East Coast Class I railway.
HMM in talks with BlackRock over potential $879m investment
South Korean ocean carrier Hyundai Merchant Marine (HMM) is in discussions with the world’s largest asset management firm, BlackRock, to bring in an investment ranging from 600 billion to 1 trillion South Korean won (U.S. $527 million to $879 million).