A total of 221 cargo theft incidents were reported in the United States during first quarter 2016, up 8 percent from the same 2015 period, but average loss value per incident fell 56 percent, according to the latest report from FreightWatch International.
Global container shipping lines will face one or two more years of pain as the industry consolidates amid overcapacity and weaker demand, Port of Long Beach CEO Jon Slangerup said.
The Jacksonville, Fla.-based liner carrier awarded a $21 million construction contract to Del Valle Group, S.P. of Toa Baja, Puerto Rico to upgrade its Isla Grande Terminal in San Juan.
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Ship owners on Wednesday broke off rate negotiations with struggling South Korean shipping conglomerate Hyundai Merchant Marine without reaching an agreement, according to multiple reports from Korean media outlets.
The 19 ocean carrier members of the Ocean Carrier Equipment Management Association are collaborating with six major East and Gulf coast ports to establish a common streamlined “Terminal Weighing Approach."
However, the International Maritime Organization's Maritime Safety Committee said there should be no delay in the implementation of the verified gross mass rule.