The Port of Houston authority announced its new policy on container weights, as well as container throughput for the the first quarter and developments with ongoing infrastructure improvement projects.
Overall revenues for NYK, MOL and "K" Line fell 5.4 percent, 6 percent and 8.1 percent, respectively, for the last fiscal year ended March 31, 2016.
The Atlanta, Ga.-based parcel giant posted a net income of $1.1 billion for the first quarter of 2016 on revenues of $14.4 billion, year-over-year increases of 10.2 percent and 3.2 percent, respectively.
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The first phase of the “Middle Harbor Project,” due to go into operation this year, will add about 10 percent more container capacity to the nation’s second largest container port and allow Long Beach Container Terminal to handle 18,000-TEU vessels.
Meanwhile, the European Commission Competition Directorate has set a “provisional deadline” for a decision on CMA CGM's purchase of APL parent Neptune Orient Lines for this Friday, April 29.
The shipment management software provider will offer the verified gross mass submission tool free when booking or shipping instructions are filed through the company's platform.