The Icelandic government, two Icelandic municipal authorities and the EFLA engineering company signed a memorandum of understanding to promote the creation of a new port in the northeast corner of Iceland.
SSA Marine's Oakland International Container Terminal will make appointments mandatory for the majority of containerized import pick-ups in order to shorten lines at terminal gates and speed up cargo delivery to customers.
The company plans to accept the weights that clients provide as certified, but if clients are not able to provide the certified weight, it will weigh the cargo on their behalf.
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Maritime consultancy Drewry found that approximately 80 percent of shippers won’t shift any volume from ocean to air to avoid disruptions caused by the verified gross mass rule scheduled to go into effect July 1.
Dubai-based DP World Ltd. raised $1.2 billion from the sale of Islamic bonds and said a tender offer to buy back securities received 48 percent more bids than the target.
U.S. producers of peanut butter foresee an increase in international trade once the United States and the other eleven countries of the Trans-Pacific Partnership approve the agreement.