Gov. Edmund G. Brown Jr. and state lawmakers have introduced legislation that would raise $52.4 billion in investment funding for transportation infrastructure over the next 10 years through a series of gas and diesel tax hikes.
JNPT awards dredging project contract
The 250 million euro (U.S. $266.3 million) contract to deepen and widen the access channel towards Jawaharlal Nehru Port in Mumbai, India was awarded to Royal Boskalis Westminster N.V. and Jan De Nul.
SigmaRoc establishes new bulk shipping subsidiary
The subsidiary will support cement majors and sister subsidiary Ronez Limited in the British Isles and northern Europe.
Norway scuttles Eimskip’s acquisition of Nor Lines
The Norwegian Competition Authority has issued a decision blocking Icelandic ocean carrier Eimskip from purchasing asset-light shipping and logistics company Nor Lines due to a lack of sufficient competition in the transportation of frozen fish.
WWL joint venture partners complete ownership merger
Wilh. Wilhelmsen ASA and Wallroll AB, joint owners of Wallenius Wilhelmsen Logistics, EUKOR Car Carriers and American Roll-on Roll-off Carrier, have created a new ownership structure to enhance efficiency and increase cooperation between affiliates.
CMPort grows profit on higher volumes in 2016
Port terminal operator China Merchants Port Holdings Co. Ltd. saw 2016 earnings jump 14.3 percent to $5.49 billion Hong Kong (U.S. $706.5 million) compared with the previous year as container throughput grew 14.5 percent to 95.8 million TEUs.
Navios Logistics inaugurates iron ore facility in Uruguay
The iron ore transshipment and storage facility in Uruguay’s Nueva Palmira Free Zone can transship 10 million tons per year.
Qatar Airways Cargo launches new service to Phnom Penh
The airline’s new service to Phnom Penh, Cambodia took off Monday with an A330 freighter.
Executive Moves: Bureau Veritas, Greenville & Western and Glander International
Bureau Veritas promotes senior executive vice president, while Greenville & Western Railway Co. appoints general manager and manager of mechanical and transloading, and Glander International Bunkering hires two new traders in Mumbai.
European shippers remain concerned about capacity shortage
The European Shippers’ Council said some shipments from Europe to Asia have been delayed up to eight weeks.