FASA

The U.S. Surface Transportation Board has approved a petition from Genesee & Wyoming Inc. to acquire the Providence & Worcester Railroad Co., subject to certain conditions, according to a filing from the agency.

The South Korean liner carrier, which reported a profit of 297 billion South Korean won on revenues of 1.078 trillion won for the third quarter of 2016, is reportedly planning to buy five containerships and three or five oil tankers.

The ExpressRail Port Jersey facility will be located adjacent to the recently expanded GCT Bayonne container terminal and is scheduled for completion in mid-2018.

The independent containership owner and manager agreed to pay $5.2 million for each of the four 4,275-TEU containerships.

Containership owner and lessor Rickmers Maritime last month denied having sold the seven-year-old boxship India Rickmers for scrap, but has since admitted to selling the vessel in relation to a settlement of senior loan facilities.

Five large terminal companies and the Port of Rotterdam Authority filed the “Global Ports Group Agreement” with the Federal Maritime Commission to promote the efficiency and effectiveness of the container port industry.

Five large terminal companies and the Port of Rotterdam Authority filed the “Global Ports Group Agreement” with the Federal Maritime Commission to promote the efficiency and effectiveness of the container port industry.

A federal district court in Utah has ordered C.R. England to pay 6,336 drivers a total of $2.35 million in back pay and fees associated with the company’s driver training program, according to a report from the Commercial Carrier Journal.

BlueWater Reporting illustrated how the average size of vessels transiting the Panama Canal significantly increased since the waterway’s new locks opened in June.