The U.S. Coast Guard bulletin regarding compliance with the International Maritime Organization's verified gross mass requirement "seems to allow for more flexibility," says Federal Maritime Commission Chairman Mario Cordero.
Three of the four pre-qualified port terminal operators that will bid for control of the Corozal Container Terminal have ties to container shipping giants Maersk Line, Mediterranean Shipping Co. (MSC), and CMA CGM.
The 13,092-TEU containership COSCO Hope crashed into a gantry crane at Port Said as it was departing the Egyptian port, igniting a fire that spread to 20 containers and resulted in injuries to at least two people.
Registration takes less than 1 minute.
BB&T freight analyst Tom Albrecht told the LeanLogistics user conference Tuesday that there's no single driver of loose capacity in domestic transportation markets.
The South Korean shipping conglomerate is also considering sale of its tanker business as part of its "self-rescue" plan to increase liquidity and improve its finances, according to local media reports.
Asset-light trucking and third-party logistics provider Roadrunner Transportation Systems has expanded its less-than-truckload service to include outbound service from Vancouver, British Columbia.