The Coalition for America’s Gateways and Trade Corridors argued that key freight hubs were bypassed in the latest round of TIGER grants and the inaugural round of the U.S. Department of Transportation’s FASTLane program.
MSC vessel, VLCC collide in Singapore Strait
Ten empty containers fell overboard the 14,000-TEU MSC Alexandra after its collision with a tanker in the Singapore Straight Wednesday at around 23:55 local time.
AUGUST ACCESSORIES SHOWS FEATURE KEY TRENDS FOR HOLIDAY/RESORT
AccessoriesTheShow and Accessorie Circuit, both now under the UBM umbrella, presented an impressive array of merchandise for buyers, both for the Holiday, Resort and Spring seasons. AccessoriesTheShow kicked off with Accessories Magazine’s trend vignettes, pointing buyers in the right direction for Holiday and Resort. Above, select items for the Havana …
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A TO Z: MEMOI
Infinity Classics is a global manufacturer and distributer of legwear for Women’s, Men’s and Kids. Joe Steinberg is the proprietor and president of this third generation hosiery business. The company has built many brands and is globally recognized as a leader in the legwear industry, supplying all channels of distribution, understanding quality and service, always staying a step ahead and bringing newness, innovation and up-to-date …
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KATE SPADE CUTS OUTLOOK; SHARES PLUNGE
Kate Spade earnings for the second quarter of 2016 beat consensus estimates, but after the company slashed its full-year guidance, stocks took a plunge. According to reports, more than 26.1 million shares of Kate Spade were exchanged before the final bell yesterday afternoon, nearly 10 times the company’s average trading …
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COLLABORATION: STYLEWATCH X CHARMING CHARLIE
Accessories retailer Charming Charlie, known for merchandising its stores by color, teamed up with celebrity/style magazine People StyleWatch for a vibrant capsule collaboration. The partnership kicked off at the store’s NYC Fifth Avenue flagship last night, featuring personalities such as former bachelorette/author Andi Dorfman and actresses Haylie Duff and Miriam Morales. …
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SGX makes offer for Baltic Exchange
However, the $113.9 million deal is still subject to approval by the Baltic Exchange shareholders.
Report: HMM to list new stock Friday
Meanwhile, the Korea Herald said HMM is looking for a new CEO with possible candidates including former HMM CEO Noh Jeong-ik and former APL CEO Ron Widdows, while Widdows informed American Shipper the report was just speculation and he is not involved.
Drewry: Terminal operators will be challenged by weak container growth, rising costs
The London-based shipping consultant said the focus of the industry is shifting away from greenfield projects to mergers and acquisitions.
Port of Virginia aims for more transshipment cargo
Officials at the Port of Virginia said they can expand barge service to help liner carriers streamline port networks, but the Port of Baltimore said it has advantages that appeal to carriers and shippers.