A Maersk Line containership, the 8,402 teu Maersk Saigon, ran aground yesterday afternoon while at the port of Santos in Brazil. Maersk Line confirmed the grounding to Splash stating: “Maersk Saigon was grounded during her...
Read MoreThe energy infrastructure giant’s attempts to calm investors’ fears are falling on deaf ears. What: Kinder Morgan’s (NYSE:KMI) stock has been in an absolute free fall of late. On Friday the stock dropped as much as 14%...
Read MoreCMA CGM SA offered to buy Singapore’s Neptune Orient Lines Ltd. for S$3.38 billion ($2.4 billion), creating a container shipping line with stronger Asian and U.S. routes that narrows the gap with market leader A.P....
Read MoreHeavy volume has been causing long delays for trucks at the only major New York-New Jersey container terminal accessible to ships that are too tall to squeeze under the Bayonne Bridge. Truckers have complained of turn times of...
Read MoreFrom the Journal of Commerce: According to numbers posted on the website of the Pacific Maritime Association, total loaded containers, both imports and and exports, moving through the West Coast in October were down less than 1...
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