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.
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.
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.
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.
Searchers are combing the Atlantic today in the fast-dwindling hope of finding survivors among the 33-member crew of the TOTE Maritime cargo ship El Faro, which sank five days ago during a Category 4 hurricane off the Bahamas.
The Louisiana Chemical Association has filed suit to block raises for two groups of Mississippi River ship pilots that would boost their average annual pay more than $50,000 over four years, to $473,692 in 2019, according to a local report.
The Panama Canal Authority is not only focused on expanding the waterway itself, but also on synergistic ancillary ventures that render the entire system more attractive.