The United States’ largest independent marine terminal operator and stevedore company, Ports America, has merged its breakbulk operations at the Port of Houston with Cooper/T. Smith, forming a new joint venture called Cooper/Ports America, LLC.
TOMMY X GIGI COLLECTION LAUNCHES SPECIAL-EDITION SUNGLASSES
Fresh off a dazzling debut during New York Fashion Week, Tommy Hilfiger is already expanding its TommyXGigi collection, a collaboration with supermodel Gigi Hadid, to include sunglasses. The collection is set to hit select Tommy Hilfiger stores, go live on tommy.com and be available at select opticians beginning fall 2016. Already …
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IMO grace period for new VGM rules ends
The three-month “light touch” period during which states were urged to adopt a “practical and pragmatic” approach to the new International Maritime Organization verified gross mass container weight regulations ended Oct. 1, according to TT Club.
Freight rate roundup: Maersk, CMA CGM, Hapag-Lloyd
Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd have issued freight rate increases.
ZIM posts second straight quarterly loss despite volume increase
The Israeli ocean carrier reported a net loss of $74 million in the second quarter of 2016, compared to profits of $12 million in the same 2015 period, according to the company’s most recent financial statements.
FAA warns Braille Battery about air cargo shipments
The Federal Aviation Administration told Braille Battery to stop shipping lithium-ion batteries by air transport or the company will risk criminal prosecution and fines.
Hanjin containers clog Southern California ports
Thousands of chassis in and around the ports of Los Angeles and Long Beach have containers mounted on them that are either owned or leased by the now insolvent ocean carrier Hanjin Shipping.
FMC reviews 12 OTI license applications
The U.S. Federal Maritime Commission has received 12 ocean transportation intermediary license applications and changes for review.
Feeder vessel size to influence Panama Canal patterns
The future size of feeder vessels will determine how much the legacy locks at the Panama Canal will be utilized by ocean carriers, compared to the new section for big ships.
El Faro victims’ families gather to remember crew
The families of the victims who died aboard the El Faro, which sank Oct. 1, 2015 during Hurricane Joaquin, lost a request for a summary judgement finding that the doomed cargo ship was unseaworthy.