The Salt Lake City, Utah-based automobile motor manufacturer plans to have its Nikola One truck, a zero-emissions electric drivetrain powered by high-density lithium batteries, in production by 2020, the company said in a statement.
Maritime and Port Authority of Singapore appoints new chairman, while B&H Worldwide promotes managing director, Germany, and ICAO names new president of its Air Navigation Commission.
The Dubai-based operator will own 55 percent of a new vehicle targeting port and terminal investment opportunities outside of the United Arab Emirates, while Canadian pension fund Caisse de dépôt et placement du Québec will hold the other 45 percent.
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The Federal Maritime Commission said Friday it concluded its review of the proposed OCEAN Alliance, allowing the new ocean carrier alliance to take effect Monday, although it is not expected to commence operations until around April 2017.
Japan's three largest ocean carriers said Monday in Tokyo they will merge their container operations in mid-2017 to form what would be the sixth largest line, continuing a recent trend of industry consolidation.
On a bright note, the port authority said it will be using a $1.6 million grant awarded by the U.S. Maritime Administration to improve the barge program that transports containers between Red Hook in Brooklyn and Port Newark.