A go-slow by workers at a major South African port is hitting exports of cars and other commodities, the country's Public Enterprises Minister Pravin Gordhan said on Thursday.State-owned rail operator Transnet said it had suspended a number…
Port operator DP World plans to raise at least $700 million through conventional and Islamic bond issues on Thursday, documents issued by banks involved in the deal showed.Majority owned by the Dubai government, DP World plans to issue benchmark sukuk with a 10-year maturity…
A Storm Surge Watch is in effect for: Mouth of the Pearl River to Intracoastal City. A Hurricane Watch is in effect for: Mouth of the Mississippi River to Cameron. A Tropical Storm Watch is in effect for: Mouth of the Mississippi River northward to the Mouth of the Pearl River…
Three Iranian vessels tried to block a BP-operated tanker passing through the Strait of Hormuz but backed off when confronted by a Royal Navy warship, the UK government said on Thursday.Britain urged Iran to 'de-escalate the situation in the region' after the British Heritage…
The Port of Los Angeles moved 764,777 Twenty-Foot Equivalent Units (TEUs) in June, the busiest June in the Port’s 112-year history.The month marked the end of Fiscal Year 2018-19 in which the Port moved 9,688,252 TEUs, a 5.7 percent improvement over the previous fiscal year…
South Carolina Ports Authority (SCPA) handled record cargo volumes at the Port of Charleston in fiscal year 2019.SCPA handled nearly 2.4 million twenty-foot equivalent container units (TEUs) from July 2018 through June, an 8.8% increase in annual TEU container volume…
Taiwanese ocean shipping company Yang Ming Marine Transport Corporation has announced new China-Thailand direct service and Thailand - Indonesia express service.Under the impact of rising global trade tensions, a relocation and adjustment of cargo flow and supply chains is expected…
Invest 92-L, which may become Tropical Storm Barry by Thursday, is becoming better organized this morning as satellite imagery and surface weather observations indicate that a circulation seems to be developing over the northeastern Gulf of Mexico…
The Jacksonville Port Authority (JAXPORT), the No. 1 port by container volume in the State of Florida, has announced that transportation industry professional Lisa Wheldon has joined the organization as Director, Cargo & Intermodal Rail. Wheldon…
The Federal Maritime Commission (FMC) is aware that passenger cruise lines that called Cuba have amended itineraries to comply with amendments made to the Cuban Assets Control Regulations announced in the Federal Register on June 5, 2019.Passengers…
U.S. Customs and Border Protection’s (CBP) Area Port of Philadelphia seized the MSC Gayane Thursday following a record seizure of 20 tons of cocaine on June 17.Upon application from the U.S. Attorney’s Office for the Eastern District of Pennsylvania…
Singapore-based shipping company Pacific International Lines Pte Ltd (PIL) announced improvements to its Southeast Asia to Australia services to meet the changing needs of the markets.PIL's current Australia-Asia Alliance Service 1 and 2 (AA1…
AmeraMex International, Inc. (OTC: AMMX), a provider of heavy equipment for logistics companies, announced that it has received a $500,000 order for container handlers. The equipment will ship before the end of July.AmeraMex CEO Lee Hamre commented…
The Louisiana Offshore Oil Port (LOOP) exported a record 283,333 barrels per day of light sweet crude last month, according to trade sources, as prices weakened against global Brent.LOOP, which exports mostly medium sour grades produced in the U…
Russia has launched a complaint at the World Trade Organization to challenge U.S. anti-dumping measures on imports of hot-rolled flat-rolled carbon-quality steel from Russia, it said in a filing published by the WTO on Tuesday.The Russian complaint listed eight separate U…
