FASA

In addition, the port authority’s commissioners approved a $3.4 million contract with Hatch Associates Consultants to develop a long range maritime master plan for future growth.

The World Trade Organization ruled in favor of the United States in a long, drawn out dispute with the European Union and four of its member countries over subsidies to aircraft manufacturer Airbus.

The Office of the U.S. Trade Representative acknowledged that China’s Ministry of Agriculture has lifted a ban on U.S. beef imports, but said it’s only a “critical first step” to restoring market access to American meat shippers.

The U.S. Federal Maritime Commission has received 37 ocean transportation intermediary license applications and changes for review.

U.S. Rep. Janice Hahn, D-Calif., said ports and customers need to be better prepared for instances of container lines going out of business.

There is no shortage of technology for carriers and other parties in the ocean industry, but in the wake of the Hanjin mess, the question is what carriers should invest in.

The recent declaration of bankruptcy by South Korean ocean carrier Hanjin Shipping is a symptom of what ails the container shipping industry, not the cure, as some analysts seem to suggest.

Sealed Air Corp. chose XPO Logistics to manage its warehouse in Sturtevant, Wis. effective Jan. 16, 2017, with UTi Integrated Logistics ceasing operations at the facility Jan. 15.

Meanwhile, at its London Heathrow hub, IAG Cargo is establishing a new freight facility, which is set to commence operations in 2018 and will be twice the size of its existing Premia facility at the airport.

At only 10 years old, the 4,530-TEU Viktoria Wulff, owned by Erste RHW Schiffahrts and flagged in Liberia, is the newest containership so far this year to have been sold for scrap, according to Clarksons Research.