Increasingly high rents charged to chassis providers by the Port Authority of New York and New Jersey could hurt the port's overall competitiveness, says Dennis Daggett, executive vice president of the International Longshoremen’s Association.
The maritime information provider and creator of the famed Baltic Dry Index will work closely with shipbrokers and end-users to create new freight rate benchmarks and indices to be launched later this year, according to Baltic Exchange CEO Mark Jackson.
The recently formed shipowner started by investment and asset firm MPC Capital announced the acquisition of seven initial containerships on Monday, with an additional six on the way.
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The U.S. House of Representatives approved the $1.1 trillion bipartisan 2017 spending bill Wednesday by a 309-118 vote, and the U.S. Senate approved the bill Thursday by a 79-18 vote.
MacroPoint announced its partnership with API provider Banyan, while FourKites unveiled its enhanced integration with supply chain software provider JDA.
The Israeli ocean carrier reported a net loss of $6.4 million for the quarter compared with a $56.3 million loss in first quarter 2016.