The end result of a three-year legal struggle to liberalize Spanish ports, the lump sum fine of $3.4 million was significantly less than what was first decreed in 2014.
Kuehne ups stake in Hapag-Lloyd to 17.15%
Klaus-Michael Kuehne of Kuehne Holding took advantage of TUI’s sale of its shares in the German ocean shipping company to increase his own ownership stake, according to multiple news sources.
Second phase of Liverpool terminal expansion underway
Expansion work at the Port of Liverpool’s Liverpool2 container terminal was initiated on Friday, Peel Ports Group, the owner of the United Kingdom port, announced.
Grounded tanker leaking oil near Mexico coast
The liquid bulk vessel Los Llanitos ran aground in 2015 during Hurricane Patricia and is currently leaking oil, despite reports that all petroleum products were pumped out in 2016, according to local authorities.
Amazon wins approval to sell groceries in India
The government approval means the retail giant can stock itself and sell groceries via partners, according to multiple news sources.
U.S. diesel truck fleet emissions drop 30% over 5 years
The U.S. diesel-powered heavy truck fleet of about 3 million vehicles is now 30 percent cleaner in terms of emissions and more fuel efficient than it was five years, according to a recent study by the Diesel Technology Forum.
Evergreen containership rescues seafarers from burning vessel
While en route from Singapore to Durban on July 9, the crew of the Ever Diadem crew found 30 distressed seafarers drifting in two lifeboats off the coast of Madagascar.
FMC takes in $925,000 in penalty payments
The Federal Maritime Commission completed compromise agreements with eight non-vessel-operating common carriers and one unlicensed entity for Shipping Act violations which resulted in the collective recovery of $925,000 in civil penalties.
Pallet maker’s manager sentenced for fraud
A former general manager at Timber Creek Resources in Newton, Wis., pleaded guilty and was sentenced this week for criminal violations of U.S. Plant Protection Act regulations that govern the use of wood packaging material in international trade.
U.S. Gulf ports to benefit from booming new energy sector
An energy services company and liquified gas carrier have agreed to jointly develop an ethylene marine export terminal at the Port of Houston, while the Port of Gulfport in Mississippi will become home to a compressed gas liquids (CGL) production plant.