Without clear carbon controls from the International Maritime Organization, the shipping industry may have to adhere to multiple sets of regional regulations, according to Esben Poulsson, chairman of the International Chamber of Shipping.
The Warren, Mich.-based trucking carrier and third-party logistics provider saw net income plummet 39.2 percent year-over-year to $24.2 million as revenues slid 5 percent to $1.07 billion, according to the company’s most recent financial statements.
Hyundai Heavy Industries’ shareholders on Monday voted to approve the company’s restructuring plans despite strong union opposition.
Registration takes less than 1 minute.
The shipping research and consulting firm attributed November’s year-over-year increase in idled containership capacity to the Panama Canal’s new locks, which made smaller containerships less attractive, along with Hanjin’s bankruptcy.
In attempts to push back against the campaign to turn independent owner-operators in the port drayage industry into employees, the statewide trucking trade association filed a lawsuit last week against various state officials and agencies.
Mac R. Behnke Rentals got into an accident while transporting a shipment for Denso, damaging some of the cargo, and a court said the dispute would have to be resolved by a “fact finder” in trial and not in a summary judgement proceeding.