The Port of Houston authority announced its new policy on container weights, as well as container throughput for the the first quarter and developments with ongoing infrastructure improvement projects.
Overall revenues for NYK, MOL and "K" Line fell 5.4 percent, 6 percent and 8.1 percent, respectively, for the last fiscal year ended March 31, 2016.
The Atlanta, Ga.-based parcel giant posted a net income of $1.1 billion for the first quarter of 2016 on revenues of $14.4 billion, year-over-year increases of 10.2 percent and 3.2 percent, respectively.
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The International Bunker Industry Association is partnering with the Trident Alliance due to their mutual concerns over proper enforcement of the future 0.5 percent Global Sulphur Cap.
International Union of Marine Insurers says there has been an increase in damage to engines from "cat fines," with incidents costing anywhere from $300,000 to $1 million, adding that "the trend has now turned encouragingly downward."
The Trade Facilitation and Trade Enforcement Act of 2015 streamlines Customs and Border Protection procedures, reduces certain cross-border shipping costs, and strengthens enforcement of intellectual property rights, antidumping and countervailing duties.