Rolf Habben Jansen, the chief executive officer of ocean carrier Hapag-Lloyd, said he believes consolidation in the shipping industry resulting from deals such as Monday’s merger agreement between Hapag-Lloyd and UASC will benefit the container industry.
NYK pleads guilty in criminal cartel case
The Japanese ocean carrier pleaded guilty to criminal cartel conduct in Australia’s federal court in relation to the transportation of vehicles to Australia between July 2009 and September 2012.
Railroads, labor groups remain split over proposed two-person crew rule
Industry groups have railed against the Federal Railroad Administration’s recent attempts to mandate two-person crews on all freight trains, but unions continue to argue that operating trains with a single crew person is fundamentally unsafe.
Port of Hong Kong box volumes continue to fall in June
Hong Kong handled 1.61 million TEUs of containerized cargo for the month and 9.16 million TEUs in the first six months of 2016, year-over-year declines of 8.6 percent and 10.5 percent, respectively, according to recent data from the port.
Port of Boston handles its largest containership ever
The Massachusetts Port Authority revealed that shipping lines continue to indicate their intention to deploy 10,000-12,000 TEU containerships to the port, which just received its largest containership ever this past weekend, the 8,532-TEU Xin Mei Zhou.
EBAGS ACCELERATES GROWTH WITH RECORD Q2
With more than 17 years in travel and 26 million bags sold, eBags is the leading online retailer of luggage, backpacks and accessories, with travel a major focus. The site’s sharp focus and pure play approach is paying off: eBags announced today that it saw record growth for the second …
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NEW INSTAGRAM ACCOUNT AIMS TO CAPTURE EVERY OUTFIT FROM SEX AND THE CITY
It wasn’t just Carrie’s giant flower pin or Samantha’s designer head scarves on “Sex and the City” that turned heads, it was everything—the good, the bad, the outrageous, the questionable, even the boring (we’re talking to YOU Charlotte!). Manhattan’s Cosmo-sipping quad were a cultural phenomenon…and the fashions were definitely a major …
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SHOWROOM SUSAN + CO. CELEBRATES 10 YEARS
Celebrating its 10th year in business, multi-line accessories showroom Susan & Company looks back on the business. Accessories caught up with owner Susan Testaccio to discuss how the business has changed over the decade. How did you get started? I worked 16 years at another showroom and it was time …
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Hapag-Lloyd, UASC finalize merger agreement
The deal will see Qatar Holding and The Public Investment Fund of the Kingdom of Saudi Arabia, majority shareholders of UASC, take 14 percent and 10 percent shares of the combined company, respectively.
GRI Roundup: Maersk Line, CMA CGM and MOL
Ocean carriers Maersk Line, CMA CGM and MOL issued general rate increases.