A deep water general cargo and liquid bulk terminal opened at the Port of Salalah, allowing the port to handle 20 million more tons of dry cargo and six million more tons of liquid bulk cargo each year.
Airport cargo volumes see sluggish growth in October
Airport cargo volumes increased 0.3 percent year-over-year in October, as major freight hubs posted mixed results.
Two ship engineers indicted for illegal oil discharges
A federal grand jury in Greenville, N.C. on Friday returned a nine-count indictment charging two ship engineers employed by Oceanfleet Shipping Ltd. with crimes related to the illegal discharging oily waste directly into the sea.
GRI Roundup: CMA CGM and Hapag-Lloyd
The French ocean carrier CMA CGM and the German ocean carrier Hapag-Lloyd announced general rate increases on various trades.
IATA: ‘Subdued’ air cargo demand to continue in 2016
The economic slowdown in China, a recent drop in commodity prices, and a possible increase in U.S. interest rates has increased uncertainty about global growth in the air cargo industry, according to the International Air Transport Association.
Neiman Marcus Q1 Swings to Loss on Lower Sales
Dallas–Luxury retailer Neiman Marcus Group swung to a first-quarter loss and posted lower sales. Revenue fell 1.8% to $1.16 billion in the three months ended Oct. 31. Revenue excluding stores newly opened or closed dropped 5.6%. Neiman Marcus’s loss of $10.5 million for the first quarter hits particularly hard, especially when compared with a year-earlier […]
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Tory Burch Lays Off 100 Employees
New York–Fashion darling Tory Burch has recently laid off 100 people (about 3% of the workforce) at its Flatiron District headquarters and some of its 160 stores. Craig Johnson, president of Customer Growth Partners, told the New York Post this about the fashion and accessories label: “We started to see some weakness in sales momentum […]
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Trendsetter and Celebrity Hot Spot Kitson Shutters All Stores
Los Angeles–No trip to LA was complete without a visit to fashion/gift boutique Kitson, where shoppers could find snarky novelty items, designer duds…and spot lots and lots of celebrities. In fact, if you didn’t know where Kitson was, all you had to do was look for the paparazzi outside the Robertson Boulevard location, opened in […]
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HKIA reports 3.1% decline in November cargo throughput
Cargo volumes at Hong Kong International Airport fell 3.1 percent year-over-year in November to 407,000 tons.
COSCO, China Shipping merger would see CSCL exit container trade
China-owned container carriers COSCO and China Shipping say a proposed merger, which they expect to complete within one year, will bring shippers an “optimal product offering,” but it leaves the future of the CKYHE and Ocean3 alliances unclear.