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Global Logistics: Page 125

Federal Funds for U.S. Port Security Said Going to Non-Port Entities

Dozens of port authorities and marine terminals received port security grants this summer from the Federal Emergency Management Agency (FEMA), but millions of dollars from the $100m program went to local law enforcement agencies and other non-port entities.

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Container Seaports Viewed More as Mature in Value Than as Growth Sector

Softening demand growth coupled with larger liner shipping alliances and bigger ships is moving the container ports industry towards a value sector from growth sector, albeit still highly profitable, according to the Global Container Terminal Operators Annual Review and Forecast 2016 report published by global shipping consultancy Drewry.

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LNG Shipping Industry Expected to Need More Vessels

Despite the current weakness in LNG shipping rates, Drewry maintains its bullish long-term outlook for LNG shipping and believes that the market will require more vessels than listed on the current orderbook, according to the latest edition of the LNG Forecaster report published by global shipping consultancy Drewry.

AA Cargo Expands Services in Ireland, New Zealand

American Airlines Cargo has expanded its seasonal cargo service to and from Ireland.

Pact to 'Significantly' Increase Air Cargo Shipments Between U.S., Mexico

The United States and Mexico exchanged diplomatic notes to bring into force the new Air Transport Agreement, which the U.S. Department of Transportation anticipates will "significantly increase future trade and travel" between the two countries.

CaroTrans Adds Second Weekly Service Between Milan, New York

CaroTrans, a global non-vessel operating common carrier and ocean freight consolidator, has added a second direct, weekly less-than-containerload (LCL) service between Milan and New York.

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Ocean Piracy at Lowest Level Since 1995, Observers Report

Pirate attacks on shipping in the first half of 2016 are at the lowest level since 1995, even taking the recent spate of kidnappings in the Gulf of Guinea and the Sulu Sea into account, says the IMB Piracy Reporting Centre.

GS1 Approves New Standard for Retail Product Identification

GS1 has collaborated with retail industry leaders on development and approval of the Global Trade Item Number (GTIN) Management Standard.

Thoma Bravo Wraps Up Acquisition of Elemica

Thoma Bravo LLC, a private equity investment firm, has completed its acquisition of Elemica, provider of a supply-chain operating network for the process industries.

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Airfreight Industry Continues to Record Dismal Figures

Echoing the mid-year reports from several other aviation groups, Airports Council International (ACI) said air cargo tonnage was flat for the first five months of 2016, rising just 0.6 percent in May, year-over-year, and 0.2 percent, y-o-y, over the period of January to May 2015. Passenger traffic, however, was a different story, increasing by 4.6 percent, y-o-y in May.

Trans-Pacific Trade May See 18,000-TEU Vessels One Day

Big 18,000-TEU vessels may be coming to U.S. ports after all.

Implementing New Ocean Container Weight Rule Went 'Fairly Smoothly'

Forget playing the blame game, the fraught implementation of container weighing rules came down to the fact that the container shipping industry has no single trusted information source.

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