Choi Eun-young, former head of South Korean ocean carrier Hanjin Shipping, was summoned by prosecutors Wednesday over suspicions of insider trading.
Ala. congressman proposes to exempt Puerto Rico from Jones Act
The Jones Act requires waterborne cargo between two points in the United States to be transported on vessels that are American built, owned and crewed.
CBP deputy outlines progress on modernization effort
Getting importers and brokers to let go of the legacy CBP trade processing system and start filing in ACE has been a challenge, but in recent months ACE adoption has taken off.
GM: Duty management automation shines light on opportunities
General Motors Global Customs Director Amy Martin discussed how tackling projects in a way that stretches beyond compliance got her greater attention for duty reduction initiatives.
Massive restructuring plan for Korea shipbuilders, shipping companies
Shipyards will sell $7.3 billion in assets and the government has created a $9.5 billion fund to support lenders to shipyards and shipping companies.
DP World wins concession for greenfield port in Ecuador
The Dubai-based port terminal operator has been granted a 50-year concession for the development of a new multi-purpose port facility in Posorja, Ecuador, 65 kilometers from Guayaquil.
CSAV executive indicted for price fixing, bid rigging
The CSAV executive, Mauricio Javier Garrido Garcia (Garrido), is accused of participating in the conspiracy from as early as 2000 until at least September 2012.
UASC becomes latest carrier to commit to INTTRA eVGM
The ocean carrier has committed to using an electronic filing solution from INTTRA to comply with pending container weighing rules set to come into force July 1.
COSCOCS rebrands bulk division, appoints new president
The newly merged China COSCO Shipping Co. officially launched COSCO Shipping Energy Transportation Co. earlier this week and appointed Sun Jiakang to lead the bulk segment of China’s largest shipping conglomerate.
Chinese construction firm to purchase Frankfurt Hahn Airport
Shanghai Yigian Trading Company has acquired an 82.5 percent share in the struggling airport from German federal state Rhineland-Palatinate for an undisclosed sum, according to a statement from the state government.