FASA

China COSCO Shipping’s port terminal operator arm’s profits attributable to equity holders of the company skyrocketed 123.7 percent year-over-year during the first half of 2017 to $384.7 million.

The Commerce Department has postponed its final determinations for the antidumping and countervailing duty investigations into softwood lumber imports from Canada until Nov. 14.

The Delaware River Deepening Project, which has been in the works for 25 years, will increase the depth of the shipping channel in the Delaware River from 40 to 45 feet to accommodate new and larger cargo vessels.

The U.S. Commerce Department has preliminary found that steel wire rod imports from Italy and Turkey received countervailable subsidy rates of 1.7 to 44.18 percent and 2.27 percent, respectively.

At the current pace of capacity increases by major ocean carrier alliances, at least two services between Asia and Europe may need to be terminated to compensate for recent rate hikes, according to a new analysis from maritime consultant SeaIntel.

Amid the German ocean carrier’s merger with United Arab Shipping Co., operating results increased with a 14 percent rise in transport volumes, while overall earnings dropped due to “one-off effects related to the UASC transaction.”

Politicians on both sides of the aisle have agreed on the importance of infrastructure improvement projects for the better part of a decade, but agreeing on how to fund such projects has been another story altogether.

WABCO Holdings’ $145 million purchase of RH Sheppard Co., a Pennsylvania-based, privately held supplier of commercial vehicle technologies, is expected to close by the end of the third quarter.

The CMA CGM Theodore Roosevelt’s Virginia port call broke a short-lived record for ship size that was established in May, when the 13,000-TEU COSCO Development set the new high water mark in Norfolk Harbor.