The independent tanker company recorded a net loss of $28.1 million or the third quarter of 2016 due primarily to an oversupply of tonnage coupled with new vessel deliveries, according to Euronav’s most recent financial statements.
COSCO Shipping Ports inks CFS agreement in Abu Dhabi
The terminal operator arm of Chinese state-run conglomerate COSCO Shipping will lease a container freight station (CFS) at the site of the new CSP Abu Dhabi terminal, which is slated for completion by 2019.
Qatar Airways purchases minority stake in Cathay Pacific
The airline was rejected by American Airlines earlier this year, but has now been able to secure a 9.6 percent share in Hong Kong-based airline Cathay Pacific.
FMC reviews 13 OTI license applications
The U.S. Federal Maritime Commission has received 13 ocean transportation intermediary license applications and changes for review.
Executive Moves: MTC Logistics and USMEF
MTC Logistics appoints chief information officer, general managers and plant manager; while the U.S. Meat Export Federation (USMEF) elects new officer team.
EU firms fear Brexit standstill will wreak havoc on U.K. supply chains
Nearly two-thirds of businesses in the European Union expect to move some portion of their supply chain operations out of the United Kingdom as a result of Brexit, according to a survey from the Chartered Institute of Procurement & Supply (CIPS).
Governmental Notices for October 28 through November 3, 2017
The following governmental notices may be of interest to our members and the trade, including links to: APHIS’ Notices of Comment Requests concerning the Importation of Fresh Bananas from the Philippines into Hawaii and U.S. Territories and of Litchi and Longan Fruit from Vietnam into the Continental United States;…
Spot container rates inch up on major trades
Spot container rates increased on trades from Shanghai to the United States, Europe and the Mediterranean since last week, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI).
Port of Oakland to establish drayage traffic management plan
The port and City of Oakland say they anticipate issuing the so-called “West Oakland Truck Management Plan,” which aims to address truck traffic problems in the area, by the fall of 2018.