America’s trade deficit shrank 13.9 percent to $40.4 billion in March 2016, the smallest since February 2015, according to figures released by the Commerce Department Wednesday.
Authorities in Port Said, Egypt are considering the arrest of the captain of the 13,100-TEU containership that collided with a crane earlier this week while exiting the port terminal, causing a fire to break out, according to Splash 24/7.
The board of directors of United Parcel Service, Inc. declared a quarterly dividend payable June 1, 2016 to shareholders of Class A and Class B stock.
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The South Carolina Ports Authority and Class I railroad CSX are collaborating to develop an intermodal terminal in Dillon, to supplement the existing intermodal station in Greer and draw more container cargo to the Port of Charleston.
The U.S. Coast Guard bulletin regarding compliance with the International Maritime Organization's verified gross mass requirement "seems to allow for more flexibility," says Federal Maritime Commission Chairman Mario Cordero.
The Water Resources Development Act reauthorization includes provisions sought by the nation's port authorities related to how harbor deepening projects are funded, getting more money for maintenance dredging in the pipeline and authorizing new projects.