The troubled Taiwanese ocean carrier will charter the YM Wind and YM Wreath from Seaspan and GCI Group, respectively, in an effort to grow its overall fleet while reducing average vessel age, Yang Ming said in a statement.
McAleenan: Trade industry has CBP’s ear
Acting Customs and Border Protection Commissioner Kevin McAleenan said the agency will continue to lean heavily on the industry for input on how to improve trade facilitation and sharpen its enforcement activities.
Honeywell launches new shipment monitoring solution
The Morris Plains, N.J.-based industrial conglomerate’s new Connected Freight solution is designed for high-value and perishable goods.
EU agri-food exports hit 5-year high in March
The European Union reported an 11.3 percent increase in agri-food exports in March 2017 compared with the same 2016 period, according to recent figures from the European Commission.
UECC launches largest LNG-fueled car carrier
The Norwegian ocean carrier will deploy the Auto Energy, the world’s largest vehicle carrier capable of running on liquified natural gas (LNG), between Southampton, U.K. and the Scandinavian region, the company said in a statement.
Senate confirms Rosen to No. 2 spot at DOT
The U.S. Senate on Wednesday confirmed Jeffrey A. Rosen as deputy secretary for the Department of Transportation.
U.S. finds dumping of rebar imports from Turkey, Japan
The Commerce Department had determined that imports of steel reinforcement bar, also known as rebar, from Turkey and Japan are being dumped on the U.S. market at unfair prices.
Japan Post records FY loss
The Japanese postal, banking and insurance conglomerate had a net loss attributable to the company of 28.98 billion yen (U.S. $261 million), less than the 40 billion yen loss it was projecting last month.
IMO: Delay to 0.5% sulfur fuel cap ‘highly unlikely’
There is only a “negligible” chance of a Jan. 1, 2020 deadline for all ocean vessels to begin using low-sulfur fuel being postponed, according to Edmund Hughes, head of air pollution and energy efficiency at the International Maritime Organization.
Chao discusses future of U.S. infrastructure
U.S. Secretary of Transportation Elaine Chao told a Chamber of Commerce forum the nation’s transportation infrastructure is in need of repair, and the Trump administration will share its infrastructure investment plan in the next several weeks.