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.
The Jacksonville, Fla.-based liner carrier awarded a $21 million construction contract to Del Valle Group, S.P. of Toa Baja, Puerto Rico to upgrade its Isla Grande Terminal in San Juan.
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The Danish third-party logistics provider is emptying its bank accounts of British pounds to minimize currency risks associated with the United Kingdom’s potential exit from the European Union, according to a report from Reuters news service.
However, the International Maritime Organization's Maritime Safety Committee said there should be no delay in the implementation of the verified gross mass rule.
The U.S. Federal Maritime Commission has received 13 ocean transportation intermediary license applications and changes for review.