FASA

Carriers may seek to “turn the table” on shippers who drove hard bargains, but an upturn in rates may be short-lived.

Cold chain solutions provider CSafe Global acquired Kalibox, adding over 5,000 square meters of manufacturing in two European locations to CSafe’s current six North American locations that have a combined space of over 20,000 square meters.

Korea’s Financial Services Commission said the government will promote sales of Hanjin Shipping’s core assets to Hyundai Merchant Marine in a bid to maintain competitiveness of the Korean shipping industry.

The Hamburg-based maritime services provider reported a net loss of 131.5 million euros for the first half of 2016 on revenues of 249.3 million euros.

Through its subsidiary MOL Information Systems, the Japanese ocean carrier will conduct a joint study on the analysis and use of big data in ocean shipping with Yokohama National University.

The U.S. Commerce Department found that dumping occurred by Prinx Chengshan (Shandong) Tire Co., Ltd. at a preliminary dumping margin of 20.87 percent, while other Chinese producers and exporters of these tires received a dumping margin of 22.57 percent.

The third-party load tracking visibility provider lauded the U.S. Patent and Trade Office’s decision to protect its patent against competitors, including FourKites.

UPS Airlines’ pilots represented by the Independent Pilots Association today ratified a new five-year labor agreement with over 91 percent voting in favor of the deal, according to a statement from the union.

Ocean freight tendering is complicated with little standardization, but there are ways shippers can succeed and not view it as such an onerous process.

The global terminal operator will upgrade its Port Elizabeth terminal at the North Atlantic port with the addition of a new berth and container yard capable of handling 13,000-TEU vessels.