The India-based has formed a special committee to explore the possibility of restructuring its shipping and dredging businesses into two separate entities, Mercator said in a statement Monday.
COSCO containership refloated near Antwerp
The 14,074-TEU CSCL Jupiter, which ran aground yesterday morning near the Port of Antwerp, was freed around 9:00 p.m. local time yesterday and is back at the Belgian port for inspection.
Declining EU industrial production offset by rising energy market
Member states in the euro area experienced a 0.6 percent decrease in industrial production from May 2017 to June 2017 but a 2.9 percent increase in June 2017 compared to June 2016, according to the European Union’s statistical office Eurostat.
Great Lakes monthly iron ore trade rises nearly 15%
Of the 6.4 million tons of iron ore moved, 6 million was from shipments at nine U.S. Great Lakes ports, a 21.7 percent jump compared to the 4.95 million of the same month a year ago.
NEWS FLASH: Descartes bets big on MacroPoint
The logistics software company will pay $107 million for freight visibility provider MacroPoint, one of the hottest properties in logistics technology.
Executive Moves: Norfolk Southern, CFI and Swiss WorldCargo
Norfolk Southern names executive vice president and chief financial officer; CFI appoints senior vice president, sales and operations; and Swiss WorldCargo selects regional manager of the newly created Western, Southern USA & South America region.
Descartes bets big on MacroPoint
The logistics software company will pay $107 million for freight visibility provider MacroPoint, one of the hottest properties in logistics technology.
FMC’s Doyle: Safeguards needed to prevent another Hanjin ‘debacle’
“Looking back, things could have been done differently. Looking forward, things must be done differently,” Federal Maritime Commissioner William Doyle said of the fallout from last year’s bankruptcy of South Korean container carrier Hanjin Shipping.
Port of LA eyes new 80-acre staging facility
The Port of Los Angeles is looking to open a container staging facility on a parcel of property right in the middle of Terminal Island, home of the nation’s busiest containerized cargo terminal.