IAG Cargo posted revenues of 1.02 billion euros for 2016, a 6.6 percent drop from 2015.
The Georgia Ports Authority handled 3 million tons of cargo in January, with bulk cargo at the Port of Brunswick more than doubling January 2016 figures.
The Agriculture Transportation Coalition, National Industrial Transportation League and National Retail Federation expressed concerns over a threatened work stoppage at East and Gulf Coast ports by members of the International Longshoremen's Association.
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The Israeli ocean carrier will launch its ZNP loop in April 2017, connecting ports in Southeast Asia and China to Vancouver, Canada.
Meanwhile, a judge in STX Offshore’s Korean bankruptcy proceedings has ordered the troubled shipbuilder to put its shipyard up for sale along with its profitable cruise ship subsidiary based in France, according to multiple media reports.
The recent announcement on Japan’s three major ocean carriers - MOL, NYK Line and “K” Line - merging container operations has left the industry wondering if more consolidation is to come.