A group of 32 chief executive officers wrote a letter to the White House, saying they are willing to work with the administration to “modernize” the deal rather than on an overhaul that starts from scratch, the Wall Street Journal reported.
Cyclone Mora makes landfall in Bangladesh
Operations at the Port of Chittagong remained suspended as of 3:00 p.m. local time Tuesday, but flight operations at Chittagong’s Shah Amnat International Airport have resumed, the Dhaka Tribune reported.
UPS, SF Express create joint venture in China
The parcel carriers will focus initially on international delivery services from China to the United States and plan to expand their joint offerings to other destinations in the near future.
Port of NY/NJ posts record volumes in April
The largest port on the U.S. East Coast saw its share of containerized cargo slip in the first four months of 2017, but may have a chance to gain market share once again with larger ships now able to call terminals west of the Bayonne Bridge.
N.C. lawmaker introduces bill to improve national infrastructure
Rep. Mark Meadows, R-N.C., last Thursday introduced the Revamping American Infrastructure Act of 2017, legislation that would to remove outdated regulatory obstacles and encourage the use of technology, according to the congressman.
Agility reaches final settlement with U.S. government
The civil settlement reached Friday over a former food supply contract to the Defense Department will allow Agility to move forward on future U.S. government business, the third-party logistics provider said in a statement.
Rickmers Maritime sells five vessels to Navios
Singapore-based containership lessor Rickmers Maritime has completed the initial sale of five vessels for $59 million, and plans to divest another nine ships to Navios as indicated in previous announcements.
MSC kicks in for Ivory Coast port revamp
The $512 million redevelopment project, of which ocean carrier Mediterranean Shipping Co. will contribute $222 million, seeks to make Port of San Pedro in the Ivory Coast a major transhipment hub for West Africa.
FMC’s Regulatory Reform Task Force seeks input
The U.S. Federal Maritime Commission’s notice of inquiry requesting the ocean shipping industry’s input into how it might eliminate or change outdated and burdensome regulations is now ready.
BSM grows Latin American presence
Ship management company Bernhard Schulte Shipmanagement has established two new ship management and crew service centers in Mexico, the company said in a statement.