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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Historically low ocean freight rates have caused carriers to implement cost-cutting measures that have reduced reliability, meaning shippers need to be more flexible in how they procure capacity.
The Miami, Fla.-based ocean carrier will commence a new string between Paita, Peru and the United States Gulf and East Coasts starting Dec. 6, 2016, the company said in a statement.
FMC Commissioner Doyle says provisions in new vessel sharing agreement could protect other members in the event of a Hanjin-like bankruptcy.