The Port of Houston authority announced its new policy on container weights, as well as container throughput for the the first quarter and developments with ongoing infrastructure improvement projects.
Overall revenues for NYK, MOL and "K" Line fell 5.4 percent, 6 percent and 8.1 percent, respectively, for the last fiscal year ended March 31, 2016.
The Atlanta, Ga.-based parcel giant posted a net income of $1.1 billion for the first quarter of 2016 on revenues of $14.4 billion, year-over-year increases of 10.2 percent and 3.2 percent, respectively.
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AAPA elects Port of Pascaguola director incoming chairman, while UPS appoints chief sustainability officer and Flagler Global Logistics names new president.
The National Transportation Safety Board hopes to recover the voyage data recorder and use it in the agency's investigation into why the TOTE Maritime general cargo vessel sank last fall, claiming the lives of 33 crew members on board.
The decision is a reversal of plans announced in March, when the ocean carrier said it would deploy its flagship fleet of six, 18,000-TEU containerships between Asia and the United States West Coast starting in May.