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The government of India on Wednesday approved a proposal by the Ministry of Shipping to secure up to $150 million in credit from the Export-Import Bank of India for the modernization and operation of cargo facilities at the port of Chabahar in Iran.

A look at the 2015 performance of three major carriers — Maersk Line, OOCL and APL — reveals the extent of the decline in average revenue per 20-foot container transported that low bunker prices were unable to offset.

The enormous growth in China’s e-commerce market has driven up demand for domestic air express services and encouraged Boeing Co. to offer freighter conversions for its popular B737 passenger plane.

Expeditors International of Washington saw profit grow in the fourth quarter despite tough year-over-year comparisons and two global trade headwinds: weak air cargo and ocean freight.

The Cass Truckload Linehaul Index rose only 0.4 percent in January, the lowest increase for the index since 2010, while the Cass Intermodal Price Index dropped 2.2 percent.

The location “pinger” on the crucial black box "voyage data recorder" carried on board the lost ship El Faro contained batteries that probably had expired, an official of the black box manufacturer testified today.

Hanjin Shipping is seeking to offload a variety of assets to remain solvent ahead of the maturation of $406 million in debt in the first half, according to a report from Yonhap News, a South Korean newswire.

The economic crisis in Russia has pulled down container traffic in the country’s Far East and suspended infrastructure projects in the region, according to a recent report from the Far East Marine Research Institute.

The construction of a second container terminal at Wilhelmshaven has been backed by a feasibility study of the growth potential of Germany’s only deep-sea port.

As the U.S. Coast Guard was phoning TOTE Services, Inc. to affirm that El Faro was troubled but not in distress, the ship’s emergency beacon sounded an alarm in the background alerting Coast Guard search and rescue that the ship was now in distress.

Satellite-based asset-management company Orbcomm is expanding its cellular options, offering a cellular-only SkyWave tracking device. The company is rolling out dual-use satellite/cellular services globally.

Global container port traffic grew by just 1.1 percent in 2015, the second-lowest annual increase ever recorded.

The ground package arm of FedEx will lease a CenterPoint-owned distribution and sorting facility in Auburn, Washington, six miles from Amazon's Kent fulfillment center and close to the ports of Seattle and Tacoma.

DP World-operated container terminals at Jawaharlal Nehru Port Trust are rolling out more steps to improve truck turn times, which have been a source of concern for shippers and drayage services providers using India’s busiest container gateway during the past year amid growing freight volumes.

China’s major ports registered a slight increase in year-over-year container throughput in January. The country’s top 20 ports handled over 15.6 million 20-foot-equivalent units between them in the first month of 2016, an increase of 0.5 percent over the same month the previous year.

The lithium battery market is expected to double in the next 10 years, but the rapidly growing sector is crashing into a regulatory pushback from the aviation industry as safety fears mount.

High inventories nationwide continued to weigh down for-hire U.S. truck tonnage growth in January.

A solution to the challenges confronting the industry by the SOLAS container weights rule proposed by the head of the Port of Charleston could be workable in practice and not disrupt trade, according to a key player in the development of the rule, which enters force July 1.

Frank Peake, the former president of Sea Star Line, will ask the Supreme Court to overturn his antitrust conspiracy conviction and five-year sentence for price-fixing in the Jones Act domestic trade between the U.S. mainland and Puerto Rico.

U.S. ports and backers of other freight projects have another shot at some help from Uncle Sam to help pay for repair, maintenance and expansion projects, after the U.S. government said Tuesday that $500 million will be available in the latest round of a popular federal grant program.

Shippers face fewer delays due to less congestion and more reliability at African ports and connecting liner services, but they have less services to choose from and the delays of critical port projects may cause the continent’s port productivity gains to slip, according to two new reports.

Taiwan’s Evergreen Group has announced management changes as a succession fight continues among the four sons of company founder and chairman Chang Yung-fa, who died Jan. 20.

Driven by firm shipments of auto parts and aircraft, the Port of Nagoya in 2015 retained its status as the biggest export hub by value among Japan’s airports and seaports for the fourth straight year.

Yilport Holding has finalized the acquisition of Tertir, a Portugal-based port and logistics group with container and bulk terminals in Europe and South America.

World forwarding body FIATA added its weighty voice to the growing discussion over container weight verification, calling for container lines to better communicate how they expect to receive the verified gross mass data.

Hapag-Lloyd swung into profit in 2015 as cargo volume and revenue soared in the first year of its merger with the container arm of Chile’s CSAV.

Despite the downturn in global trade, DP World-operated International Container Transshipment Terminal, or Vallarpadam, at India’s Port of Cochin remains well on track to complete a record-setting fiscal 2015-16, which ends March 31, according to the newest port figures collected by JOC.com.

El Faro was scheduled for a Coast Guard inspection and was on a special “target list” for ships with the most potential for risk when the vessel sank with its crew of 33.

There has been little good news from the northern Chinese city of Tianjin since the deadly explosions of August 2015 that resulted in tragic loss of life and took a heavy economic toll, including a dramatic fall in cargo throughput at the city’s port.

Neptune Orient Lines posted a $707 million net profit for 2015 as the sale of its logistics unit lifted annual earnings by $888 million, but collapsing freight rates in the fourth quarter and falling volumes hit the liner business hard.

Washington state suffered an economic impact of $769.5 million due to labor disruptions at West Coast ports this past year, according to one of the most detailed analyses of the impact of a labor disruption on U.S. business and industry.

Schneider National's Port Logistics Division is opening a transloading, drayage and warehousing facility in New Jersey to tap containerized inbound shipments.

Evergreen Group will have no chairman following the death of company founder Chang Yung-fa but will appoint senior executives for each of the company’s subsidiaries, according to published reports in Taiwan.

Technology provider and trucking association SMC3 is developing an "industry platform" that uses application program interfaces to link shippers, trucking companies and logistics providers. The platform is designed to speed supply chain communications and open the gates to more innovation.

The newly formed China Cosco Shipping Corp. aims to become the third-largest global container line by boosting its fleet by at least 50,000 twenty-foot-equivalent units to more than 2 million TEUs by the end of 2018.

Attorneys for TOTE Services and TOTE Maritime have mounted a strong and effective defense of the company but produced “optics” that are so negative for the company that broad public opinion could begin to affect national shipping policy.

It measured just six inches, but the port of Antwerp has hailed it as a “new milestone” that sharpens its ability to take on its rivals in the expanding world of mega-ships.

The Panama Canal Authority warned that the El Nino weather phenomenon could result in draft restrictions on the waterway as soon as April.

The member countries of the Association of Southeast Asian Nations are to implement processes to measure and improve productivity at their major ports.

A new deep-sea container transshipment terminal at Colachel on the southwestern coast of India should be able to capture a significant portion of domestic cargo currently relayed over other hub ports in the region, especially Sri Lanka’s Port of Colombo, a preliminary feasibility study for the port project shows.