Sen. Bill Cassidy, MD, R-La., has filed the License Natural Gas Now Act, while Sen. Ted Cruz, R-Texas, introduced the Natural Gas Export Expansion Act, both of which aim to expedite the export of LNG from the United States.
COSCO Shipping to purchase 14 containerships
The Chinese conglomerate will purchase six mega-ships and eight other vessels for a total of $178 billion, according to a report from the China Daily.
BIMCO: Dry bulk, tanker newbuild contracts surge in 2017
Since the start of 2017, newbuild contracts for the dry bulk and tanker shipping industries have collectively increased 20 percent from the corresponding 2016 period, according to the Baltic and International Maritime Council (BIMCO).
GECAS to convert 30 more Boeing 737-800s into freighters
GE’s aircraft financing and leasing company said the next-generation 737-800 freighters will be equipped with CFM56-7B engines, and will be able to carry 23.9 metric tons of cargo with 12 main deck positions over 2,000 nautical miles.
Thailand seeks $44b for industry infrastructure plan
The Eastern Economic Corridor project is looking for Belt and Road Initiative funds as well as private investments for its upgrades to air, sea and land industry upgrades, according to a report from Bloomberg.
DP World, Masdar to collaborate on clean energy initiative
Abu Dhabi-based renewable energy company Masdar will provide energy and project management resources to terminal operator DP World in Middle Eastern and African ports.
Europe, China see increased freight rail routes
CEVA Logistics and Greencarrier Freight Services have launched two separate rail services from China to Europe in an effort to meet growing demand.
Delta, Korean Air enter transpacific JV
Delta Air Lines and Korean Air have entered an agreement to form a joint venture to mutually expand their services between the United States and Asia.
VTG Rail acquires over 1,000 rail cars
Railcar leasing and financial services provider VTG Rail Inc. has agreed to purchase a fleet of 1,135 rail cars from Redwood Rail, expanding its overall fleet to around 5,200 rail cars.
Disgruntled SoCal truckers end strike after marching on L.A. city hall
Striking drivers and warehouse workers from the ports of Los Angeles and Long Beach delivered a petition calling on L.A. Mayor Eric Garcetti to aid in their goal of getting companies to classify drivers as employees and not independent contractors.