Mediterranean Shipping Co. subsidiary Terminal Investment Ltd. will purchase the remaining 50 percent of shares in the port at Portonave, Brazil, valued at almost $400 million.
USDA considers Turkish pomegranate imports
Following extensive testing for potential pests, the U.S. Department of Agriculture’s Animal and Plant Health Inspection Service has proposed a rule to allow the import of fresh pomegranate from Turkey into the continental United States, including Alaska.
Metro Ports to operate Indiana-Burns Harbor
Stevedoring company Metro Ports will become the bulk terminal operator for the Ports of Indiana’s Burns Harbor operation, effective July 1.
Federal court fines two international shipping companies for pollution
A federal court in Texas has fined two shipping companies $1.9 million for covering up vessel pollution in the Gulf of Mexico, according to a statement from the U.S. Attorney’s Office.
Ford moves car production from Mexico to China
The automobile manufacturer claims the move is purely financial and will not account for any loss in U.S. hourly employment, according to multiple news sources.
Evergreen Line integrates with Alibaba
The Taiwanese ocean carrier will initially offer direct, online booking to Alibaba.com’s customers from China’s main ports to Israel and the South American region.
Report: U.S. logistics costs fall in 2016 after five years of growth
The average U.S. logistics cost for shipping goods fell 1.5 percent last year after growing at a 4.6 percent compound annual rate from 2010 to 2015, according to the annual State of Logistics Report released Tuesday by the CSCMP and A.T. Kearney.
BIFA heads calls to keep UK in EU customs union post-Brexit
The British International Freight Association, which represents freight forwarding companies, is calling for United Kingdom negotiators to pursue a “soft” exit from the European Union, particularly as it relates to the EU customs union.
Port of Grangemouth orders new STS crane
The new ship-to-shore container crane was ordered from Liebherr and will be ready for use in Autumn 2018.
OOCL keeps COSCO takeover rumors at bay
Orient Overseas (International) Ltd., parent of ocean carrier OOCL, said the company’s statement on a potential purchase by Chinese conglomerate COSCO Shipping “has always remained consistent,” despite ongoing rumors of a $4 billion takeover deal.