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.
The oldest container terminal in Rotterdam, ECT City Terminal, has closed after nearly fifty years, because it can’t handle the ever-larger vessels calling at Europe’s top container port.
HHLA, Hamburg’s leading terminal operator, has downgraded its 2015 earnings forecast in response to declining traffic at Germany’s top container port.
Indian Shipping Minister Nitin Gadkari said the government plans to spend roughly Rs. 70,000 crore (approximately $10.7 billion) on upgrades for major public ports under the “Sagar Mala” project over the next five years.