FASA

The two nations have agreed upon mutually-beneficial maritime developments in safety, navigation, port costs and registration, according to a report from industry news outlet Seatrade Maritime.

The Port of Savannah saw four new cranes delivered last week, bringing the port’s total crane count to 30, said the Georgia Ports Authority (GPA).

The agreement is related mainly to cargo acceptance checklists, which were traditionally paper-based and filled in manually during the transportation process, according to a joint statement from the companies.

Air Canada’s agreement with Cargojet will not be extended once it expires at the end of the year, Air Canada Cargo said in a statement.

Initially appointed to the U.S. Federal Maritime Commission by President Obama in 2013, Commissioner William P. Doyle says he’s proud of the work he did on U.S. West Coast dockworker labor relations, China taxation and financial safeguards for shippers.

The Israeli ocean carrier had a net profit of $25.2 million for the quarter compared to a net loss of $37.6 million for the third quarter of 2016, thanks to increasing freight rates, higher volumes and cost utilization, president and CEO Eli Glickman s…

The port’s 2018 budget, which is $16.7 million lower than 2017 levels, projects operating revenues of $38.22 million, an increase of 3 percent over estimated 2017 operating revenue results.

The Icelandic shipping company’s net earnings totaled 8.8 million euros for the quarter, down 6.3 percent from the third quarter of 2016 due to adverse currency exchange fluctuations, but operating revenues shot up 32 percent to 177 million euros.