The Indian government shows it is taking a long-term view in implementing regulatory reforms for supply chain logistics by agreeing to modify one controversial proposal.
Shippers in Bangladesh fear a cut in profit margins following a cyclone that temporarily closed Chittagong port, creating a queue of vessels that will take at least a week to clear.
The International Longshore and Warehouse Union wants a retrial of a case that resulted in a $93 million jury award against the union for damages suffered by container operator ICTSI Oregon Inc., from a union slowdown in the Port of Oregon.
JAXPORT received a $20 million grant from the USDOT, which will fund a portion of the $238 million cost of expanding the Blount Island terminal in Jacksonville as part of a long-term plan to drive more traffic and larger containerships to the port.
The man leading the decarbonization charge at Maersk abruptly leaves the company, days before the world’s largest carrier will release its third-quarter earnings.
For the world’s largest container carrier, embarking on a radical departure from its traditional business model while simultaneously leading a historic quest to decarbonize shipping represents a level of risk-taking and ambition without equal in today’s industry.
Despite reporting a profitable second quarter, the Japanese container carrier has reduced its full-year earnings forecast by nearly one-third, citing concerns over a worsening global economic environment and an expected increase in bunker costs.
Income gains from international routes operated by Cosco Shipping Lines and OOCL in the third quarter came despite the average China Containerized Freight Index falling 1.7 percent between July and September.