The freight forwarder and customers broker firm will integrate Waters Shipping Co.’s staff and services at its Wilmington, N.C. branch office, CV International said in a statement.
Washington Department of Ecology denies Millennium coal export terminal permit
Millennium Bulk Terminals-Longview has been denied an integral permit for its coal terminal project in its quest to establish an export facility on the Columbia River.
Alibaba to expand stake in logistics affiliate Cainiao
The China-based e-commerce marketplace revealed its intentions to invest 100 billion Chinese Yuan Renminbi (U.S. $15.2 billion) over the next five years to expand its logistics network, and its plans to up its stake in Cainiao next month.
Bahri, Bolloré Group form joint venture in Saudi Arabia
The newly formed Riyadh-based BahriBolloré, a joint venture of Bahri and Bolloré Logistics, is part of Saudi Arabia’s plan to establish itself as a global logistics gateway.
Commerce issues 220% tariff on Canadian jets
After Boeing submitted a complaint regarding Canadian aircraft producer Bombardier’s sale of its C Series jet to Delta last year, the Department of Commerce has preliminarily determined to add a 220 percent tariff to the cost of the aircraft.
Hoegh Autoliners settles cartel suit with DOJ
The Norwegian car carrier has agreed to pay the U.S. $21 million in fines regarding an antitrust investigation initiated by the U.S. Department of Justice in 2012.
DHS mulls Jones Act waiver for Puerto Rico
The U.S. Department of Homeland Security (DHS) is considering a request from a group of congressional lawmakers for a waiver to the regulations requiring domestic waterborne cargoes to move on U.S.-flag ships to Puerto Rico in the wake of Hurricane Maria.
Great Lakes iron ore shipments rise 10% in August
In addition to the higher monthly average for August 2017, shipments of iron ore on the Great Lakes and St. Lawrence Seaway also bettered the month’s five-year average by 6.2 percent, according to data from the Lake Carriers’ Association.
d’Amico to sell, lease back tanker for $6.5m
Luxembourg-based marine transport company d’Amico says that the transaction will contribute to the liquidity needed to complete the company’s fleet renewal program.
Alaska Air Cargo debuts first converted 737-700 freighter
The airline’s new aircraft, which is entering commercial service this week by carrying goods from Seattle to Alaska, was converted in Tel Aviv over the course of 19 months by Israel Aerospace Industries.