Spot container rates from Shanghai to Europe, the Mediterranean and the United States all increased since last Friday, according to the latest figures from the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index.
USDOT makes $1.5 billion available for infrastructure projects
The U.S. Transportation Department’s Infrastructure for Rebuilding America (INFRA) discretionary grant program, which advances a pre-existing grant program established in the 2015 FAST Act, will place a heavy focus on rural building projects.
Special Coverage: Hapag-UASC integration presents significant opportunities, unique challenges
German ocean carrier Hapag-Lloyd is expecting its recent merger with Dubai-based United Arab Shipping Co. (UASC) to generate various benefits and synergies for the newly joined company, but they won’t necessarily come easily.
Matson ups quarterly dividend 5%
The Honolulu-based ocean carrier reported a profit of $25 million for the third quarter of 2016 on $500.4 million in revenues.
Port of Halifax receives its largest-ever containership
The 10,062-TEU ZIM Antwerp, which is 1,145 feet long and has a 149-foot beam, arrived Thursday afternoon at the East Coast Canadian port’s Halterm International Container Terminal.
Port of LA expands zero- and near-zero emissions equipment testing
The Port of Los Angeles is moving forward with numerous air pollution reduction initiatives presented by a sustainable freight advisory committee, the Southern California port said Thursday.
SCPA opens reefer service area
The $14 million, six-acre service area is located at the Port of Charleston’s Wando Welch Terminal.
BDP International opens new offices
The Philadelphia-based logistics and transportation solutions company opened a new office in Peru and two new offices in India.
Port Houston completes maintenance dredging
The U.S. Gulf Coast port has completed maintenance dredging on the Bayport channel, allowing vessels with 45-foot drafts to call the Bayport Container Terminal.
Crowley inks collaboration agreement with ExxonMobil, Eagle LNG Partners
The Jacksonville, Fla.-based marine solutions, transportation and logistics company has joined forces with ExxonMobil and Eagle LNG Partners to develop liquefied natural gas for vessel operators bunkering in North America.