Transportation: Page 446

Hanjin Shipping Co. Seeks Restructuring To Avoid Bankruptcy

Hanjin, a unit of Hanjin Group, on Monday submitted a formal request to state-run Korea Development Bank, its main creditor, to restructure its debt and provide an aid package in return for self-rescue efforts such as asset sales.

Korea Development Bank said it would review the proposal with other creditors and decide by next week whether to offer assistance to Hanjin, which might include a debt rollover. If creditors reject the proposal, the company would be put under court receivership.

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Ocean Ports & Carriers

International Maritime Organization Adopts Fuel Consumption Reporting Rule To Mitigate Climate Change

International Maritime Organization (IMO)

The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) has approved mandatory requirements for ships to record and report their fuel consumption.

The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) has approved mandatory requirements for ships to record and report their fuel consumption.

Food Exporters Ask Congress For Help On Weight Container Rule

U.S. shippers say they weren’t adequately consulted about the rule, which was adopted in 2014 as an amendment to the Safety of Life at Sea Convention, or SOLAS, by the United Nations’ International Maritime Organization.

Tyson, one of the world’s largest food companies, which shipped more than 40,600 refrigerated containers in 2015, has previously said that carriers’ proposed treatment of the new IMO measure could add millions of dollars to annual transportation expense.

Spot Van Rate Slips 3 Cents In Last Week

However, demand was up in major markets, a signal that spot rates may soon rebound.

However, demand was up in major markets, a signal that spot rates may soon rebound.

Ocean Ports & Carriers

Big Ocean Carriers Form Asia-To-Europe Alliance

The new grouping, to be called the Ocean Alliance, also will include Hong Kong’s Orient Overseas Container Line and Taipei-based Evergreen Marine.

The Ocean Alliance eventually will make room for Singapore’s Neptune Orient Lines Ltd., which agreed to be bought in December by CMA CGM.

Uber Pulls Plug On Instant Food Delivery In New York City: Postmates Responds With 15-Minute Delivery

“In order to bring you the most exciting selection, the highest quality food, and the fastest delivery time, we’ve decided to narrow our focus,” Uber wrote in an email to Eats users in New York City on Monday.

Uber is killing off its “instant” option in UberEats, its food-delivery service, just one month after the standalone app launched in New York City.

Anheuser-Busch/Asahi Group’s $2.9 Billion Pact Clears Way For AB’s SABMiller Purchase

Anheuser-Busch InBev

The purchase by Asahi, which covers the premium brands and their related businesses in Italy, the Netherlands, the U.K. and internationally, is conditional on the SABMiller deal going through.

With Peroni, Grolsch and Meantime, Asahi would diversify its footprint with sizeable positions in the premium beer segments of Italy, Britain and the Netherlands, and new distribution opportunities for its namesake Asahi Super Dry.

Nordic Logistics And Warehousing Doubles Port Of Savannah, Ga. Capacity

Nordic Cold Storage, LLC

Nordic Logistics and Warehousing has doubled capacity at its Savannah, Ga., location, holding a ribbon cutting Friday for a new 200,000-square-foot cold storage and blast freezing facility.

Nordic Logistics and Warehousing has doubled capacity at its Savannah, Ga., location, holding a ribbon cutting Friday for a new 200,000-square-foot cold storage and blast freezing facility.

Software Veteran Proposes Major Project To Fix Midwest Rail Logjam

Frank Patton’s proposed 280-mile line would reduce the about 30-hour train travel times through Chicago to eight or 10 hours, would take about five years to permit and build and cost $8 billion.

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USDA Announces $4.7 Million In Grants For Food Safety Training

U.S. Department of Agriculture (USDA)

The grants, offered through the Food Safety Outreach Program and administered by USDA's National Institute of Food and Agriculture (NIFA), are designed to help these stakeholders comply with new food safety guidelines established under the FSMA.

Agriculture Secretary Tom Vilsack made the announcement at the Global Open Data for Agriculture and Nutrition (GODAN) Summit.

Costco Helps Farmers Purchase Land And Equipment To Boost Organic Offerings

While other retailers have loan programs for suppliers to upgrade equipment and offer financial incentives such as advance payments or long-term contracts, helping farmers buy land to grow organics appears to be unusual in the industry.

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How An Oregon Independent Grocer Sets The Bar For Safety

Newport Avenue Market uses technology to support safety along with sustainability.

Grocery manager/assistant store manager Wade Combs, left, and service deli overseer Greg Boon display their Food Handler Cards.

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