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DP World is selling its remaining stake in container services company P&O Trans-Australia to co-shareholder Qube Logistics for $111 million. In December DP World sold a 75 percent stake in its Australian container terminal business DP World Australia to private equity firm Citi Infrastructure for $1.5 billion. DP World has used the proceeds to reduce [...]  Ship in the Puget Sound The Port of Tacoma’s share of cargo handled over West Coast docks dropped to 8.1 percent in 2010, down from 9.7 percent in 2009 and 9.8 percent in 2008. That uneven change in cargo volumes pushed the Port of Seattle’s market share above Tacoma’s for the first time in [...] The Panama agreement could bring others along with it, but many unions aren't on board with the Colombia, Korea and Panama deals that were signed by the George W. Bush administration Administration officials said Tuesday that a free trade agreement with Panama is ready for congressional consideration and that they hoped it will be [...] The Journal of Commerce reports that: All marine terminals in the Port of New York and New Jersey will be closed Friday, April 22 because of the Good Friday holiday observed by the International Longshoremen’s Association, said the Port Authority of New York and New Jersey. The Truck Replacement Program Center will also be closed [...] In his new role, Mr. Hamlin oversees Horizon Lines’ ocean transportation services, inland services, the order-to-cash cycle, maintenance, safety, security, network operations, North America terminals and technology. Mr. Hamlin was Vice President Transportation and Equipment Operations when he left Sea-Land in 1999, after the international business was sold to A.P. Moller-Maersk Group. He then [...] |
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