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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Jon Ross, a former American Shipper editor who is an expert on the air cargo industry, pointed out how various market fundamentals, along with UPS’ Boeing order, echo the general consensus that the air cargo market is about to pick back up.
Fellow South Korean ocean carrier Hyundai Merchant Marine expects to finalize the purchase of a 100 percent stake in Total Terminal International Algeciras in late December, subject to due diligence, the company said in a statement.
Hyundai Merchant Marine and Korea Line have submitted bids for Hanjin’s Asia-U.S. route, and a deal is expected to be reached at the end of the month.