Container throughput at Port of Virginia terminals has increased 7 percent so far in the fiscal year that will end on June 30, according to recent figures from the Virginia Port Authority.
U.S. beef, LNG exports ready for China
U.S. exporters of beef and liquefied natural gas will soon have access to China’s burgeoning market, as a result of the U.S.-China Comprehensive Economic Dialogue.
Lighthizer confirmed as USTR chief
The U.S. Senate on Thursday voted 82-14 to confirm Robert Lighthizer as the White House’s head of the Office of the U.S. Trade Representative.
Navios creates new company to invest in containerships
Navios Maritime Containers plans to raise $75 million through a private placement to help fund its acquisition of 14 ships from Rickmers Maritime.
FMC reviews 12 OTI license applications
The U.S. Federal Maritime Commission has received 12 ocean transportation intermediary license applications and changes for review.
Pasha taps Keppel for new LNG-powered containerships
The Honolulu-based ocean carrier placed an order for two dual-fuel capable 2,525-TEU vessels with the Keppel AmFELS shipyard in Brownsville, Texas, with delivery expected in the first and third quarter of 2020.
Moody’s: Outlook for ocean shipping stabilizing
The container and dry bulk markets are seeing improvement thanks to high levels of vessel scrapping and an uptick in demand, but prospects for the tanker segment are less encouraging, according to a recent research report from the credit ratings agency.
Agility’s Q1 profits, revenues rise
The global logistics provider posted a net profit of 14.6 million Kuwati dinars (U.S. $47.9 million) on revenues of KD 320.5 million for the first quarter of 2017.
Genco Shipping & Trading’s revenues surge 83% in Q1
The New York-based dry bulk carrier attributed the strong revenue growth to higher spot market rates achieved by the majority of the vessels in its fleet, which were partially offset by the operation of fewer vessels.
Bahri, Hyundai Heavy to partner on ‘big data’ initiative
Logistics provider Bahri and South Korean shipbuilder Hyundai Heavy Industries have signed a memorandum of understanding to collaborate on “big data” and technological innovation in the maritime industry.