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 Dubai-based terminal operator will charge $245 Canadian for boxes arriving at the West Coast ports by truck or rail without verified gross mass data after the new International Maritime Organization rule goes into effect July 1.
The sale of a relatively young 5,447-TEU post-panamax vessel "does not appear to be a one-off event," according to the mapping, ship search and valuation service VesselsValue.
Melbourne International RoRo & Automotive Terminal (MIRRAT), a subsidiary of Wallenius Wilhelmsen Terminal Holdings, has opened its new auto-handling terminal at Australia’s Port of Melbourne.