Ekspres Kargo

The departure of the Montreal Port Authority CEO comes just as development work begins on a new US$1.15 billion container terminal.

The unanimous decision prevents the carrier from immediately implementing the fee, which is meant to help recoup fuel costs on US trades that have been driven higher due to the war with Iran.

The port’s chief executive said his agency will do more to attract large retail BCOs to reverse lost market share, while also investing in non-container projects.

The CMA CGM Kribi successfully transited the strait late Thursday, the first passage for a Western-operated container ship since the war between the US/Israel and Iran disrupted access to the crucial waterway five weeks ago.

Global jet fuel prices have almost doubled since the Middle East war began on Feb. 28, piling additional expenses onto an operating component that before the conflict was already more than 30% of total costs.

The major U.S. toymaker and entertainment company is still working to assess if company data was stolen in the attack.

Securing discounts, trimming overall delivery charges and tapping alternative carriers are among the methods customers should explore, experts said.

That comes as the Singapore-based regional carrier outlined a strategic restructuring of its overall operations, including scaling down trade coverage across its key intra-Asia trade territories.

The 100% tariff will go into effect on July 31 for several major pharmaceutical companies — with full-scale implementation to begin in September.

Goods made entirely of the metals will still face a 50% tariff, but the levy will be reduced to 25% for certain derivative goods, effective April 6.