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 President of South Korea, Park Geun-hye, said corporate responsibility and moral hazards are creating adverse effects on its national economy and the government will not blindly support companies in financial trouble.
Datamyne provided American Shipper with statistics illustrating how some non-vessel-operating common carriers pulled U.S. import volume from Hanjin ships prior to August, while others ramped up their use of the financially stricken carrier.
Ed Greenberg, counsel for the National Customs Brokers and Forwarders Association of America, said the association, along with other groups, will submit a petition to the FMC on behalf of its members that feel they have been incorrectly assessed demurrage.