The Honolulu-based liner carrier will launch its South Pacific Express service in August, which will transport U.S. West Coast cargo transshipped at Honolulu to Samoa, American Samoa, Tonga and Fiji.
The French ocean carrier said it intends to have Singapore’s Neptune Orient Lines delisted from the Main Board of the Singapore Exchange as it pushes forward to acquire all of the shipping company’s shares.
A new port navigation system consisting of 12 off-shore buoys and two land-based range markers, will allow for night time operations at the Liberian port for the first time in three decades, APM Terminals said in a statement.
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The asset-light transportation and logistics services provider posted earnings per share of $0.08, well short of industry advisory firm Stifel's estimate of $0.22 per share and the street consensus estimate of $0.23 per share.
The port posted a 2.4 percent year-over-year increase in container volumes in April, partially supported by growth at the Virginia Inland Port and Richmond Marine Terminal.
The Florida Gulf Coast port recently purchased a 41-acre tract of waterfront land where the authority plans to develop a new terminal for forest products.