FASA

Despite a down year in ocean shipping markets, profits at Hawaii-based Matson jumped 46 percent year-over-year to $103 million in 2015 following the carrier’s expansion into the Alaska trade.

The International Civil Aviation Organization, an arm of the United Nations, has issued an interim rule to member nations prohibiting the carriage of lithium-ion batteries as cargo on passenger planes.

The International Federation of Freight Forwarders Association called on ocean carriers to provide clarity to shippers and forwarders about how to receive container weight verification documentation under the new IMO requirements.

The German ocean carrier’s revenues increased from 6.8 billion euros in 2014 to 8.8 billion euros in 2015, primarily due to its merger with the container business of Chilean carrier CSAV in December 2014.

Ocean carriers CMA CGM, UASC, Hanjin and CSCL will terminate their jointly operated REX3/ARC2 loop between China, Malaysia and the Red Sea.

The United States Department of Transportation is under a mandate to develop statistics measuring port productivity and creating a working group to provide advice.

The Hueneme port authority is set to sign a partnership agreement with the U.S. Army Corps of Engineers that will finalize engineering reviews and set the stage for dredging to begin.

The shipment management solutions company will provide BuyCo For Growth, a network of 30 global forwarders, with cloud-based schedule, rate and execution tools.

The ocean carrier will begin purchasing lots on the joint INDAMEX/IEX loop operated by CMA CGM, Hapag-Lloyd, NYK and OOCL on March 4.