The port operator subsidiary of Chinese conglomerate COSCO Shipping signed a $228 million deal to acquire 51 percent of shares in Noatum Port Holdings, giving the Asian shipping line access to Mediterranean and European networks.
Rhode Island full speed ahead on truck tolls
The Rhode Island Department of Transportation has entered into a contract with Kapsch Traffic Com IVHS to design and build electronic tolling facilities and related infrastructure for the state’s controversial truck-only tolling program.
Dogfight continues over U.S., EU aircraft subsidy claims
The World Trade Organization on Friday issued a compliance panel report in which the United States said it rejects nearly all the European Union’s claims that U.S. subsidies to Boeing have harmed Airbus’s ability to sell large commercial planes.
Mexico fines seven car carriers for collusion
Mexico’s Federal Economic Competition Commission, the country’s primary antitrust agency, has levied fines against seven ocean shipping companies totaling $32 million for colluding on prices of routes in the auto transport services market.
Maersk Line launches Salalah feeder amid Qatar cargo disruption
The Danish ocean carrier is now accepting bookings for Qatar cargo for transshipment via the Port of Salalah in Oman after temporarily closing them last week due to rising diplomatic tension in the Middle East.
SAAM gains 100% control of Chilean terminal
Through its subsidiaries SAAM Puertos and SAAM Inversiones, SAAM acquired a 15 percent interest in Iquique Terminal Internacional (ITI) from Grupo de Empresas Navieras, and now controls 100 percent of ITI, according to the port terminal operator.
Dar es Salaam to receive port infrastructure upgrades
State-run China Harbour Engineering Company and the Tanzanian government have inked a contract to expand the Dar es Salaam seaport in Tanzania, according to a report from Splash 24/7.
Unifeeder to commence second Baltic loop
The short sea specialist will launch an additional loop between Klaipeda, Lithuania, and Gydnia, Poland, to the United Kingdom, doubling weekly capacity on the route.
U.S. beef, pork exports rise in April
However, U.S. lamb export volumes and total value for the month fell 23 percent and 19 percent, respectively, compared with the previous April.
FMC reviews 26 OTI license applications
The U.S. Federal Maritime Commission has received 26 ocean transportation intermediary license applications and changes for review.