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Turkey’s Yilport Holding AS is in advanced talks to buy a container terminal in Long Beach, Calif., a deal that would value the facility at close to $2 billion, people with knowledge of the matter said.

The shipping industry is pressing for a phased start when new rules governing vessel fuel take effect in less than 16 months’ time.

Steamship line Hapag-Lloyd will increase fees to transport freight to the United States and cross-border freight from Canada. Cargo between Canada and the United States will be subject to a carbon tax.

The ocean freight industry stabilized in 2017, with rates remaining relatively steady after the turmoil of 2016 from the bankruptcy of Hanjin Shipping Co., according to a report from online freight marketplace Freightos.

Florida’s Port Everglades set a record for containerized cargo volumes for fiscal 2017 ending Sept. 30, reporting 1,076,893 TEUs, the standard 20-foot-equivalent container units, a 4% increase from fiscal 2016.

Truck drivers took six fewer minutes to enter and exit the two large Southern California ports last month compared with September 2016, although one year ago, Hanjin Shipping rattled the supply chain when it abruptly shut its doors Aug. 31.

The Port of Oakland believes a new trade pact with China will benefit its export business and provide more opportunities for truckers to haul rice to export overseas

Cathay Pacific Airways Ltd. agreed to buy out the stake owned by partner DHL International GmbH in a cargo venture as the premium Asian carrier revamps its operations as part of a three-year transformation program.

Fresh from a $5.25 billion, nine-year expansion that’s upending decades-old trade routes, it turns out the Panama Canal is also doing a little good for the planet.

The trillion-dollar global shipping industry may soon be forced to curb greenhouse gas emissions under new rules backed by the European Union and China.