The commission said it has “reasonable grounds” to suspect the carriers engaged in collusive practices to fix incremental cargo rates from Asia to South Africa.
The terminal’s two berths became available earlier in 2016 when a lease with a bulk cargo operator ended, and although the port is mainly interested in responses to import/export bulk cargo, it will consider opportunities for other marine-dependent uses.
Newton Square, Pa.-based Sunoco Logistics Partners L.P. reached an agreement to purchase Vitol Group’s integrated crude oil business in West Texas for approximately $760 million plus working capital.
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The Danish ocean carrier announced skipped sailings on various loops as a result of the upcoming Chinese Golden Week.
Marine terminals deemed high risk have two years to install an automated system for inspecting workers and others before allowing entry onto the premises.
Carriers may seek to "turn the table" on shippers who drove hard bargains, but an upturn in rates may be short-lived.