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.
Three of the four pre-qualified port terminal operators that will bid for control of the Corozal Container Terminal have ties to container shipping giants Maersk Line, Mediterranean Shipping Co. (MSC), and CMA CGM.
The 13,092-TEU containership COSCO Hope crashed into a gantry crane at Port Said as it was departing the Egyptian port, igniting a fire that spread to 20 containers and resulted in injuries to at least two people.
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Investment firm HCI Capital has taken over Hamburg-based shipping company Ernst Russ GmbH & Co., with its fleet of seven container and four ro/ro vessels.
BB&T freight analyst Tom Albrecht told the LeanLogistics user conference Tuesday that there's no single driver of loose capacity in domestic transportation markets.
Ports covered by the Global Port Tracker handled 1.54 million TEUs in February, a 3.7 percent increase from January, according to the National Retail Federation and Hackett Associates.