Schenker AG names new CFO, while TIACA appoints European Shippers' Council chairman to its board.
A ship carrying liquefied natural gas (LNG) from the United States became the first LNG carrier to pass through the enlarged Panama Canal on Monday.
The independent containership owner and manager reported profits of $36.4 million on revenues of $224.3 million for the second quarter of 2016.
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The terminal operator has joined a group of Nova Scotia business leaders and investment company Cyrus Capital Partners L.P. in plans to build 315-acre marine container terminal on the Strait of Canso.
Some logistics providers remain skeptical about how well it will work for ports to weigh containers and transmit the data to carriers on behalf of shippers.
The massive $5.3 billion project comes with “considerable safety concerns,” which could lead to accidents and delays for shippers and higher claims for insurers, according to a new report from the London-based risk management consultancy.