The Panama Canal Authority said it is confident in the process it uses to move ships through the new locks at the canal, following an accident last week that damaged the Xin Fei Zhou after it made contact with one of the walls at the Agua Clara Locks.
The TMS provider was acquired by fellow logistics software firm Kewill in April, and the companies are progressing on merging products and organizations, Lean executives said in a briefing.
The U.N. Economic Commission for Europe said China has ratified the TIR Convention, which it says will further streamline cross-border transportation for cargo moving between China and Europe.
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The Arab ocean carrier's shareholders would own 28 percent of the combined company, while the existing shareholders of Hapag-Lloyd would own 72 percent of the new company.
The Oakland, Calif. City Council passed an ordinance to ban the storage and handling of coal and coke at bulk terminals in the city, representing the latest blow to Terminal Logistics Solutions’ plan for a dry bulk terminal to handle coal and other goods.
The United Kingdom will now have to sign new trade treaties with everyone, without the bargaining power of the European Union, which will lead to higher duties, and therefore, increased costs for shippers, Xeneta CEO Patrik Berglund said.