Due to the deterioration of container freight rates and the subsequent drop in carrier financial results, analysts with Drewry Maritime Equity Research foresee a possible combination of Korean and Japanese carriers.
FAA hits Amazon with $350,000 hazmat penalty
The Federal Aviation Administration has proposed a $350,000 civil penalty against Seattle-based e-commerce giant Amazon.com for allegedly violating federal hazardous materials transport regulations.
Executive Moves: NOL, IAG Global, Unishippers and Kalmar
NOL board picks CEO and CFO and IAG Global names Asia-Pacific/India commercial manager, while Unishippers appoints new CFO and Kalmar selects senior VP for automation.
Special Coverage: Easing of sanctions opens opportunities in Iran, but risks remain
Despite the European Union and United States agreeing to ease economic sanctions placed on Iran in 2009, multinational companies must still ensure rigorous compliance with “secondary” U.S.-Iranian sanctions.
KLM invests in new sort system for express consignments
The new system will help KLM Cargo move packages and mail more quickly through its hub at Schiphol Airport in the Netherlands.
Damco to offer VGM services
The freight forwarding arm of Danish shipping conglomerate AP Moller Maersk said it will provide weighing and data transmission services to help shippers comply with new SOLAS verified gross mass requirements.
ITEM OF THE DAY: AIMEE G’S BEADLE BAG
Yes, mini- and nano-bags might be getting lots of press, but what about the consumer who wants a large, roomy bag to hold all her things? Ya know, one that actually fits stuff? Luckily, we’ve found something to fit the bill…and everything else. Created by fashion designer Aimee G, the Beadle …
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THE ACE AWARDS HAVE A NEW SUMMERTIME DATE
The Accessories Council 20th Anniversary ACE Awards have a new date: Tuesday, August 2, 2016. Traditionally held in November, the awards would have coincided with the presidential election this year, which the council did not think would be the best ni…
COMINGS & GOINGS AT MARCOLIN USA EYEWEAR AND MARCHON EYEWEAR
The eyewear industry sees several executive shifts, with new faces at Marcolin USA Eyewear and Marchon Eyewear. MARCOLIN At Marcolin, Chris Robinson has been recruited as the new SVP Optical Channel, where he will be responsible for leading, driving and managing change, as well as identifying opportunities across the Optical …
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UP: Oregon oil train derailment caused by broken bolt
Union Pacific on Friday filed a report with the Federal Railroad Administration citing one or more broken bolts as the cause of the June 3 derailment of a crude oil train near Mosier, Ore., company spokesman Justin Jacobs said Saturday.