CMA CGM’s subsidiary line APL is scheduled to launch the China Australia Service 3 (CA3) between North Asia and the East Coast of Australia May 21.
Executive Moves: Saddle Creek and Port of Prince Rupert
Saddle Creek Logistics Services adds senior director of business development, while Port of Price Rupert vice-president of commercial and regulatory affairs and general counsel steps down.
Rickmers Maritime winds up operations
The Singapore-based containership lessor, which has a fleet of 14 Panamax ships, said it will wind up operations in the wake of defaulting on loans.
Mexican 3PL adopts MacroPoint’s load-tracking solution
Vitti Logistics has chosen to use MacroPoint’s freight-tracking software to connect with carriers and track loads across North America.
Port of Long Beach’s import volumes surge in March
However, export volumes during the month fell 5.3 percent from March 2016 as shipments to overseas markets experienced headwinds from the strong U.S. dollar.
AP: FRA finds thousands of safety defects on crude routes
Federal Railroad Administration inspectors have discovered nearly 24,000 defects, including worn rails, broken or loose bolts, and cracked steel bars on rail lines used to transport crude oil, according to a report from the Associated Press.
China Merchants completes Sinotrans takeover
Sinotrans & CSC, parent company of the largest freight forwarder in China, has become a wholly-owned subsidiary of transportation, finance and real estate conglomerate China Merchants Group.
Americold adds second San Antonio, Texas facility
The refrigerated warehouse specialist now has over 165 facilities around the world with more than 145 in the U.S.
MPC Capital launches niche boxship investment fund in Germany
The independent investment and asset management firm is launching MPC Container Ships AS, an investment vehicle focused on feeder vessels with between 1,000 TEUs and 3,000 TEUs of capacity, the company said in a statement.
MSC alters Europe-Med service
The Europe-Mediterranean service will change its port rotation and offer feeder connections via Beirut to two Syrian ports, according to ocean carrier MSC.