FASA

Like a baseball pitcher protecting a no-hitter, a single mistake on the part of a trade compliance professional can undo years of letter-perfect compliance.

Since last week, rates from Shanghai to the U.S. West Coast have surged 37.6 percent, from $1,226 per FEU to $1,687 per FEU.

Media reports earlier this week said that South Korea’s Hyundai Merchant Marine, the world’s 15th largest container line in terms of vessel capacity, is asking for $8.9 billion in funding from state backed Korea Development Bank through 2022.

The Pacific Northwest seaport is now officially looking to fill the role that became vacant when former CEO Ted Fick suddenly resigned in February after less than two-and-a-half years on the job.

The 11 airlines that were fined a total of $908 million in March for price fixing cartel operations are looking to appeal the European Commission’s decision, citing an unfair defense.

The mid-Atlantic port handled 1,007,704 tons of general cargo at its public marine terminals, as well as 86,403 TEUs, for the month, setting new records for both sectors.

Bulk carrier Diana Shipping has declined to provide many details regarding the incident, including how much damage the vessel sustained and how long it could be out of service.

The software and supply chain solutions company posted a strong second quarter for license revenue, according to CEO Eddie Chapel.

Congestion in northern Europe, particularly near Antwerp, has been plaguing shippers for nearly a year, with no solutions offered up by carriers or port authorities, according to a recent report from The Loadstar.

U.S. Customs and Border Protection on Thursday released its newest schedule for delivering the remaining post-release capabilities in its new umbrella information technology system, the Automated Commercial Environment.