Ocean freight rate benchmarking platform Xeneta said transpacific rates have been gradually rising since April, stripping out the short-term impact of Hanjin Shipping’s insolvency in late August.
The French shipping company, which acquired Neptune Orient Lines and its APL subsidiary earlier this year, is seeking a buyer for the APL container terminals.
The Atlanta, Ga.-based shipping and logistics provider reported year-over-year increases in net income and revenues for the third quarter of 2016 despite pressure from changes in fuel surcharges and currency exchange rates.
Registration takes less than 1 minute.
The U.S. District Bankruptcy Court in Newark, N.J. will hear from companies today that said Hanjin is not “promptly” informing creditors when ships go off charter.
The Commerce Department has launched antidumping investigations on imports of steel concrete reinforcing bar from Japan, Taiwan and Turkey, and a countervailing duty investigation on these same imports from Turkey.
Five leading shipowner groups have warned that unrealistic demands for carbon dioxide reductions could result in a shift toward less energy efficient transport modes.