Chairman of the Subcommittee on Coast Guard and Maritime Transportation, U.S. Rep. Duncan Hunter, R-Calif., expressed strong support for the Jones Act Wednesday during a Capitol Hill hearing.
MTB referred to Senate Finance Committee
The Miscellaneous Tariff Bill Act of 2017, which was referred to the Senate Finance Committee Wednesday, would apply new tariff benefits for 1,675 harmonized tariff system numbers, with a general expiration date of Dec. 31, 2020.
Two “K” Line subsidiaries to undergo name changes
Taiyo Nippon Kisen Co., Ltd. and “K” Line Ship Management Co., Ltd. are scheduled to undergo name changes less than three months from now.
Hawaii breaks ground on Kapalama Container Terminal project
The Hawaii Department of Transportation Harbors Division began work on the terminal project, which is part of the larger Harbor Modernization Plan approved in 2008 for Hawaii’s commercial harbor system.
Commerce finalizes duties on polyester fiber imports from China, India
The U.S. Commerce Department has finalized countervailing duty rates that it will assess on imports of fine denier polyester staple fiber from China and India.
Ocean Network Express finalizes all required regulatory approvals
The new joint venture company between Japan’s “Big 3” shipping lines is slated to commence operations April 1, operating as the sixth largest entity in the container shipping market.
Rail coalition urges Trump to appoint new STB members
The board is authorized to have five members, but currently stands with just two – Acting Chair Ann Begeman and Vice Chair Deb Miller.
J.B. Hunt drives up net earnings in Q4 2017
The Lowell, Ark.-based intermodal and trucking provider recorded net earnings of $385.3 million on revenues of $1.99 billion for the fourth quarter of 2017, up 228 percent and 16 percent year-over-year, respectively.
Executive Moves: Seabury Maritime, Hactl and Truckstop.com
Seabury Maritime PFRA appointed managing director, advisory; Hong Kong Air Cargo Terminals Ltd. selected next chief executive; and Truckstop.com named vice president of small and medium business sales.
Commerce finds subsidized steel flange imports from China, India
Steel flange exporters in China receive government subsidies of 174.73 percent, while in India, these exporters receive government subsidies ranging from 5 percent to 239.61 percent, according to the U.S. Commerce Department.