Panama Canal Administrator Jorge Quijano has assured shipping leaders that the canal’s new, larger locks should open on schedule by April, despite concerns that the opening would be delayed by leaks in one of the locks’ concrete sills.
Families of the 33 crew members of the cargo ship El Faro said they had been advised that the Coast Guard would suspend its search for survivors of the sunken ship today, six days after the vessel went down off the Bahamas during Hurricane Joaquin.
The privatization of the port of Piraeus has been delayed as Greece’s snap general election Sept. 20 interrupted preparations by government transport and finance officials.
FedEx founder, CEO and Chairman Fred Smith expects some of the cargo diverted from congested West Coast ports to remain moving through other entry points as shippers diversify their supply chains.
Hyundai Merchant Marine said it will spin off its dry bulk division and its two U.S. West Coast container terminals as the Korean company seeks to bolster liquidity at its core container shipping business.
A Trailer Bridge triple-deck barge broke loose from the tug that was towing it from San Juan to Jacksonville, Florida, last weekend during the same hurricane that claimed TOTE Maritime’s El Faro.
Three former “K” Line and NYK executives have been indicted for alleged participation in a scheme to rig bids and fix prices for international shipments of roll-on, roll-off shipments to and from the United States.
Roadrunner Transportation Systems is expanding in Canada after having recently made a number of moves to increase its service in Mexico.
The volume handled at India’s major public ports grew a meager 2 percent in the first fiscal half amid sluggish global trade demand and growing service bottlenecks at some of the country’s main container gateways, particularly Jawaharlal Nehru Port Trust.
China’s economic slowdown is not putting the brakes on foreign logistics property developers that have in the past month signed new leases for more than 4 million square feet in cities across the mainland.
A developer is adding more than half a million square feet of speculative industrial space at BNSF Railway’s Logistics Park Kansas City.
Four out of five ships operated by the world’s 20 largest container lines arrived in port on time in August, the best performance since November 2013, SeaIntel Maritime Analysis said in its Global Liner Performance report.
Orbcomm, a technology company with a focus on asset tracking, has purchased WAM Technologies as it seeks to bolster its maritime presence.