The port terminal operator arm of COSCO Shipping has purchased a 40 percent stake in the Vado Ligure port reefer terminal, as well as a container facility expected to open in 2018, from APM Terminals for a total consideration of 53 million euros.
CMA CGM hires Delville as group CFO
The French ocean carrier has appointed Michel Delville, former CFO of high-tech battery manufacturer Saft Group, to replace outgoing Chief Financial Officer Michel Sirat, according to a statement from the company.
Port of Zeebrugge to expand ro-ro capacity
The Belgian port plans to add 156 hectares of space, 28 hectares of which in the southwestern corner of the Southern Canal Dock will will be made available for use in the short term to satisfy growing demand for automotive logistics services.
Airlines ground fire-prone Samsung smartphones
The Federal Aviation Administration and the Pipeline and Hazardous Materials Safety Administration put an emergency order in place that bans all Samsung Galaxy Note7 smartphone devices from air transportation in the United States.
ITC begins accepting MTB petitions
In preparation for the next miscellaneous tariff bill before Congress, the U.S. International Trade Commission has begun accepting petitions seeking temporary duty suspensions and reductions.
Executive Moves: The Greenbrier Cos. and an international trade law firm
Sandler, Travis & Rosenberg hires leading export control and economic sanctions attorney, while Greenbrier Leasing Corp’s president announces retirement.
NYK, Agua Japan develop anti-rust agent
Marine Guard 100’s anti-rust efficacy was verified during two-and-a-half years of testing on the deck, ballast tank, piping and other metal surfaces on an oceangoing coal carrier owned by NYK and managed by Hachiuma Steamship Co. Ltd.
Governmental Notices October 5th – October 14th, 2016
The following updates and governmental notices may be of interest to our members and the trade. CBP’s Proposal to amend its regulations to reflect that official notice of liquidation, suspension of liquidation and extension of liquidation will be posted electronically on the CBP website, and will no longer be posted at the…
U.S. import, export prices tick up in September
The U.S. Bureau of Labor Statistics said U.S. import prices experienced a monthly increase of 0.1 percent due to higher fuel prices, while U.S. export prices ticked up 0.3 percent from a month prior.
Canada launches $55m rail safety program
Marc Garneau, Canada’s Minister of Transport, this week announced the new Rail Safety Improvement Program, which aims to fund projects that will reduce incidents and derailments along the country’s railroad lines.