A total of 221 cargo theft incidents were reported in the United States during first quarter 2016, up 8 percent from the same 2015 period, but average loss value per incident fell 56 percent, according to the latest report from FreightWatch International.
Global container shipping lines will face one or two more years of pain as the industry consolidates amid overcapacity and weaker demand, Port of Long Beach CEO Jon Slangerup said.
The Jacksonville, Fla.-based liner carrier awarded a $21 million construction contract to Del Valle Group, S.P. of Toa Baja, Puerto Rico to upgrade its Isla Grande Terminal in San Juan.
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Ocean carriers Maersk Line, CMA CGM, Hapag-Lloyd and MOL issued general rate increases on multiple trades.
Ship owners on Wednesday broke off rate negotiations with struggling South Korean shipping conglomerate Hyundai Merchant Marine without reaching an agreement, according to multiple reports from Korean media outlets.
Saddle Creek appointed chairman and CenterPoint Properties named VP on West Coast, while LOC Group appointed COO and CSafe Global announced sales director for France and Spain.