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Non-vessel-operating common carrier Ecu-Line has opened a new branch office in Fremantle, Australia.
The port of Fremantle services the capital city of Perth and the entire state of Western Australia.
The NVO said its Fremantle branch complements its existing weekly export consolidations from Australia to Singapore for destinations worldwide.
The Fremantle branch is headed by Rob Page.
The ever-increasing size of containerships has led a decrease in average number of containers moved per hour in port and, in turn, to increased vessel delays, according to a new JOC Port Productivity study from IHS Inc.
Spot rates as measured by the Shanghai Containerized Freight Index fell 10.7 percent after spiking upward last week.
Foreign Minister Sameh Shoukry said Monday that Egypt is capable of protecting the new waterway that runs alongside the existing canal.
Senat Shipping claimed no wrongdoing or illegal activity on its part, and said the Treasury Departments action is a “misguided measure purely based on Senat's historical dealings with OMM,” according to a report from Reuters.
Oregon Rep. Earl Blumenauer said his recently introduced STRONGER Act would establish an enforcement trust fund that would be "paid for by foreign exporting cheaters."
Singapore-based GLP's $4.55 billion acquisition of IIT's logistics assets will make it second largest logistics property owner and operator in the United States within a year of market entry, the company said.