The U.S. Coast Guard said that “out of an abundance of caution,” it will monitor arriving ships and containers that were in Tianjin when the Chinese port was rocked by explosions earlier on Aug. 12
The listed units of China’s two largest shipping lines reported their interim results today with wildly diverging profits achieved by the two state-owned carriers in the first six months of the year.
Tianjin Port Group chief executive officer Zheng Qingyue has been accused of dereliction of duty by China’s highest prosecutions agency after an investigation into the huge Tianjin blasts that killed at least 145 people earlier this month.
A plummeting stock market and the devaluation of the yuan have knocked China down a peg, but the Asian manufacturing powerhouse will still grow its trade with the world more than 5 percent annually over the next five years, according to a recent IHS forecast.
Operations at ports on the Virgin Islands and Puerto Rico were shut down Thursday as the eastern Caribbean awaited the arrival of tropical storm Erika.
Port Tampa Bay CEO Paul Anderson on the maritime trade industry's recent labor contract issues on the West Coast and the need for more influence on Capital Hill.
Global terminal operator DP World reported a 22 percent increase in net profit during the first half of 2015 but said it expects growth to slow amid a “challenging” global economy during the rest of year.
Erik Yim, senior commercial director for China Merchants Holdings (International), on competition in South China, CMHI's home ports development, the impact of growing manufacturing in the Pearl River Delta region and the company's expansion strategies.
Russian railway monopoly RZD plans to build a $30 million inland hub aimed at reducing congestion at the nearby St. Petersburg port and handling transshipped cargo from the country’s largest container gateway.
Gateway Terminals India, or APM Terminals Mumbai, said it is taking all the necessary steps to speed up its gate activity that has drawn complaints from logistics providers operating in Jawaharlal Nehru Port Trust, the country’s busiest container gateway.
In a high-risk, possibly high-reward attempt to manage truck flow and reduce congestion, 10 of the 13 container terminals in Los Angeles-Long Beach on Thursday adopted a trucker appointment system action plan with the goal of establishing a system of appointments throughout the harbor beginning in 2016.
DHL Express will invest $20 million in sub-Saharan Africa this year to increase its footprint, taking the German logistics giant’s total investment in the continent to more than $50 million in the last year.
Lower fuel prices are putting more trucks on the road, helping to keep a cap on spot market truck rates, DAT Solutions said. Van rates dropped in the last week, while refrigerated and flatbed rates remained the same.