Maersk, IBM to create JV to develop blockchain-based supply chain platform

LBR Staff Writer Published 17 January 2018 A.P. Moller – Maersk has collaborated with IBM to create a joint venture (JV) for applying blockchain technology to advance global trade and digitize supply chains. Based in New York metropolitan area, the new JV will develop a global trade digitization platform based on open standards, which can […]

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Executive Moves: COSCO SHIPPING International, Hamburg Süd, JAXPORT, Logistyx Technologies and Flexport

Source: Pressmaster/Shutterstock COSCO SHIPPING International announces several appointments; Hamburg Süd names global head of corporate communications; JAXPORT hires director, national container accounts; Logistyx Technologies names CEO; and Flexport appoints VP of people operations.    COSCO SHIPPING International (Hong Kong) Co., Ltd., the investment arm of COSCO SHIPPING (Hong Kong) Co., Ltd., has appointed Wang Yuhang […]

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National Association of Manufacturers presses passage of 2017 Miscellaneous Tariff Bill Act

   The National Association of Manufacturers (NAM) is pressing House lawmakers to pass the 2017 Miscellaneous Tariff Bill Act (H.R. 4318), which promises to eliminate $1.1 billion in import tariffs during the next three years and increase U.S. manufacturing output by more than $3.1 billion.    The bill would effectively eliminate on a temporary basis […]

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Court halts work on POLA-BNSF railyard project amid environmental concerns

   California’s First Appellate District Court has brought work on a planned rail project near the Port of Los Angeles to a screeching halt on Friday after ruling that the port and its partner, BNSF Railway, submitted an insufficient Environmental Impact Report (EIR).     In a 45-page ruling, the court ordered that work on the […]

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Port of Oakland pitches clean-truck grants to freight haulers

   Port of Oakland officials are making an 11th hour financial pitch to freight haulers in January to get them to take advantage of clean-truck grants under which the State of California is providing millions of dollars for the purchase of new, lower-emission trucks and cargo-handling equipment.    The port said Friday that it’s meeting […]

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Port of Toledo posts 16% increase in cargo tonnage for 2017

   The Port of Toledo in Ohio posted a 16 percent increase in cargo tonnage during 2017, port officials told the Toledo Blade.    Iron ore traffic and aluminum shipments largely aided the 9.8 million tons that crossed the port’s docks, though 2017 volumes were still 2 million tons short of the port’s record peak […]

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Executive Moves: ZIM, Schneider Packaging, A.N. Deringer and COA

Source: Pressmaster/Shutterstock ZIM appoints chief digital officer; Schneider Packaging names executive vice president; A.N. Deringer selects director of consulting and a new senior trade advisor; and the Container Owners Association names board member.    Israeli ocean carrier ZIM has appointed Liav Geffen to serve as chief digital officer. Geffen has served as vice president of […]

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Kuehne + Nagel, Temasek to form JV for supporting logistics technology start-ups

LBR Staff Writer Published 16 January 2018 Logistics firm Kuehne + Nagel has collaborated with Singapore-based investment company Temasek to launch a joint venture (JV) for investments in logistics technology start-ups. The companies have entered into a memorandum of understanding (MoU) to create a JV for investing in early stage companies developing advanced technology for […]

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East China Sea oil tanker disaster: what it means for the environment

Ship was carrying 136,000 tons of oil that now threatens to pollute some of China’s most important fishing waters Smoke and flames from the burning Iranian oil tanker Sanchi in the East China Sea. Photograph: AP The Iranian oil tanker Sanchi sank off the coast of Shanghai on Sunday, after a week of burning and […]

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Maersk, IBM to get underway on blockchain joint venture

   Danish shipping giant A.P. Moller-Maersk and IBM have announced a blockchain joint venture for secure trade in the shipping sector.    The venture will offer a jointly developed global trade digitization platform built on open standards and designed for shippers. “It will address the need to provide more transparency and simplicity in the movement […]

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Proposed Port of Long Beach rail yard up for vote soon

   The Port of Long Beach Harbor Commission is expected to consider a newly released final environmental impact report (FEIR) for its planned Pier B On-Dock Rail Support Facility during its Jan. 22 meeting.    The final EIR for the proposal to redevelop a rail yard within the Port of Long Beach to move cargo […]

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ITC authorizes Commerce to advance self-initiated AD/CVD cases on common alloy aluminum sheet from China

   The International Trade Commission (ITC) on Friday determined there is “reasonable indication” that imports of common alloy aluminum sheet from China are materially injuring the U.S. industry, according to an ITC announcement.    This determination greenlights the Commerce Department to continue its self-initiated antidumping and countervailing duty investigations into those imports.    Commerce’s preliminary […]

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Falcon Maritime and Aviation, Tiger Logistics finalize merger of Indian operations

New York-based Falcon Maritime and Aviation’s subsidiary in India merged with Tiger Logistics in India to provide expanded solutions in international trade.    The Indian subsidiary of Falcon Maritime and Aviation, Falcon Maritime India Pvt. Ltd. (FIMPL), has merged its operations across India with Tiger Logistics India (TLI), the companies announced on Monday.    The […]

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FTR: Preliminary December U.S. net trailer orders at all-time high

   Preliminary December U.S. net trailer orders show an all-time high of 47,000 units, 10 percent above November and an increase of 38 percent year-over-year, according to data released Jan. 12 by Indiana-based freight transportation forecasting company FTR.    December orders, when finalized, are expected to exceed the previous high of 45,800, which was reached […]

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