Looking ahead at 2017, Duluth Seaway Port Authority Public Relations Director Adele Yorde told American Shipper the port authority will be completing a “de-bottlenecking project” on the main footprint of its Clure Public Terminal this year.
The German ocean carrier said the bonds are not for sale in the United States, and proceeds will be used for early redemption of notes due later this year and for general corporate purposes.
A study prepared for the Directorate-General for Climate Action found that savings from Flettner rotors and wing sails are seen as comparable.
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Hanjin opposed Ashley Furniture’s motion for a freeze on the amounts it owes the carrier, along with a reduction in the amounts owed, saying in a court filing that if the motion was granted, its ability to reorganize would have been severely jeopardized.
Five large terminal companies and the Port of Rotterdam Authority filed the “Global Ports Group Agreement” with the Federal Maritime Commission to promote the efficiency and effectiveness of the container port industry.
Japan's three largest ocean carriers said Monday in Tokyo they will merge their container operations in mid-2017 to form what would be the sixth largest line, continuing a recent trend of industry consolidation.