The state Board of Public Works gave the Maryland Port Administration the go ahead to spend up to $92.5 million to acquire a 103-acre parcel at Point Breeze for Port of Baltimore’s Seagirt Marine Terminal, a spokesperson for the MPA confirmed Friday.
The U.S. maritime regulator has received four ocean transportation intermediary license applications and changes for review.
The U.S. Justice Department said Friday that 11 individuals and one foreign company have been charged by the Treasury Department for their role in illegally exporting goods to Syrian Arab Airlines.
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The United States Maritime Alliance, the employer group that negotiates the master contract with the International Longshoremen's Association, called the ILA’s planned work stoppage threat “disturbing.”
COSCO Shipping Ports Ltd. and CMA CGM Terminals Holding signed a worldwide memorandum of understanding to seek cooperation at ports worldwide, with preference being given to ports called by the Ocean Alliance.
The transportation and logistics industry has experienced a notable year between Hanjin’s bankruptcy, the new verified gross mass regulation and the expanded Panama Canal.