A total of 221 cargo theft incidents were reported in the United States during first quarter 2016, up 8 percent from the same 2015 period, but average loss value per incident fell 56 percent, according to the latest report from FreightWatch International.
Global container shipping lines will face one or two more years of pain as the industry consolidates amid overcapacity and weaker demand, Port of Long Beach CEO Jon Slangerup said.
South Korean shipping conglomerate Hyundai Merchant Marine, which said it is continuing efforts to stabilize its business, predicts that normalization of its business is only a matter of time.
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Saddle Creek appointed chairman and CenterPoint Properties named VP on West Coast, while LOC Group appointed COO and CSafe Global announced sales director for France and Spain.
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.
Direct ChassisLink, Inc., which was established in 2012 by its current owner Littlejohn & Co., has grown its equipment fleet to 120,000 marine chassis and 92,000 rail intermodal containers.