Ocean carrier CMA CGM of France announced new Freight All Kinds tariffs on multiple trades.
The South Korean ocean carrier has reached a deal with containership charterers and other creditors, according to Korean media outlets.
The liquefied national gas (LNG) terminal has been expanded to include a third berth for small LNG vessels, which will enable distribution to LNG terminals in other ports in the North Sea and Baltic where large LNG tankers are prohibited to transit.
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The Obama administration is ratcheting up fuel efficiency and greenhouse gas emission standards for heavy duty commercial vehicles.
However, chassis lessors oppose the West Coast Marine Terminal Operator Agreement members’ plan to implement a $5 fee on chassis that move in and out of container terminals at the ports of Los Angeles and Long Beach, saying it will cost them $29 million.
The U.S. gross domestic product increased 1.2 percent in the second quarter of 2016, according to the “advance” estimate from the Department of Commerce, following a revised increase of just 0.8 percent in the first quarter.