State-run Chinese conglomerate COSCO Shipping Holdings is projecting a net income for the first half of 2017 of around 1.85 billion yuan (U.S. $272 million).

Chairman Robert Yuksel Yildirim plans to sell his 24 percent stake in CMA CGM to acquire Ports America Holdings and become a leading global terminal operator, according to reports from multiple media outlets.

Proposed modifications to the Panama Canal rate structure could ultimately lower rates for containerships, but raise them for LPG and LNG tankers.

Container carriers deployed more capacity across all three major east-west trades in the second quarter of 2017 following a reduction in alliances from four to three, according to the latest quarterly World Liner Supply Report from BlueWater Reporting.

Virgin Atlantic Cargo names head of global accounts and regional sales manager for the United Kingdom, while the Short Line Safety Institute selects its executive director.

The revised rules from the BIMCO-led group include information on insurance issues, how to effectively segregate cyber networks, and how to handle cyber security during port calls and when communicating with shore side operations.

Cargolux recently introduced its first commercial service from its hub in Zhengzhou, China, to Atlanta on a flight that originates and ends in the all-cargo airline’s home base in Luxembourg.

European Union Trade Commissioner Cecilia Malmström said she is confident that a trade agreement between the EU and Japan will be reached at a summit in Brussels on Thursday.

German third-party logistics provider Rhenus Logistics has signed an agreement to buy Australian freight forwarding company and customs broker O’Brien Customs and Forwarding Pty Ltd. for an undisclosed price.

African airlines posted the largest year-on-year increase in demand of all the world regions in May 2017, with freight volumes growing 27.6 percent, according to the latest figures from the International Air Transport Association.