The new affiliate will have a structure similar to Maersk’s other regional carriers, which include MCC Transport on intra-Asia trades and Seago on intra-Europe routes.
The Port of Oswego Authority in New York has appointed Zelko N. Kirincich to executive director. He replaced Jonathan Daniels, who took over as executive director and […]
Ownership of the parent company of SSA Marine, which describes itself as the world’s largest independent, privately-held marine terminal operator, has changed hands. Carrix, Inc. and its parent […]
A BBC report over the weekend found that construction on a canal that runs through Nicaragua would probably not begin until next year, but the AP reported Monday reported […]
A.P. Moller-Maersk said it is divesting its shares in a Danish supermarket chain, receiving net proceeds of $3 billion and an accounting gain of about $2.5 billion through the deal.
Yasumi Kudo, NYK Line’s president, said he has created an executive committee to oversee antitrust law compliance; he called on employees to “redouble our efforts to ensure antitrust law […]
The vessels, which have an average age of four years, will be delivered individually to Euronav over the coming months, once Maersk Tankers has fulfilled all existing contractual commitments.
Reederei NSB, the owner of the containership MSC Monterey, which sought protection in St. Mary’s Bay, Newfoundland, last week after developing a crack in its deck and hull, said […]
CMA CGM said one of its ships, the 5,770-TEU Rossini, lost 14 containers overboard off Ushant at the southern entrance to the western English Channel on the night of […]
Truck gates into the major container terminals of the Port of New York and New Jersey are closed today. Maher Terminals, the port’s largest, said it shut down its truck […]
The Shanghai Container Freight Index was set at 1,176.12 on Friday, Jan. 3, 62.39 points higher than a week earlier. The index is a weighted average of estimated […]
Kirby Corp., the nation’s largest tank barge operator and diesel engine services provider, said David W. Grzebinski has been elected president and chief operating officer, and that it plans […]
The liner carrier said its weekly service to Cuba will begin by using the country’s new shipping terminal in Mariel, instead of Havana. The service will start with the sailing of […]
Malcom Purcell McLean Jr., son of containerization pioneer Malcom McLean Sr., died at his home in Orange Beach, Ala., on Sunday, Dec. 29, after a prolonged illness. He […]
A Florida-based management consultant who previously was a port executive suggested that because Florida ports are receiving more assistance from the state they should “engage in an exchange of […]
COSCO Group said it held a ceremony in Ocean Plaza Dec. 30 for the signing of a shipbuilding contract with China State Shipbuilding Corporation for four 64,000 DWT dry […]
The first stage of a container terminal in Cuba at the Mariel Special Development Zone west of Havana will be opened this month by President Raul Castro and Dilma […]
Holt Logistics Corp. said it has completed a $2 million renovation to its 60,000 square-foot cold storage facility at Gloucester Terminal in Gloucester City, New Jersey.
Owner Reederei NSB said that due to adverse weather conditions in the area, surveyors were unable to go onboard the 4,549-TEU containership MSC Monterey, which developed a crack in […]
A car carrier collided with a chemical tanker off South Korea’s southeast coast on Sunday, causing the tanker to catch fire, but press reports say 91 crew members on […]
The Panama Canal Authority says its expansion program to add a third set of locks is 70.7 percent complete. Several components are finished, while the construction of the new […]
The White House has reinstated Mali’s eligibility to receive trade benefits under the African Growth and Opportunity Act, meaning that 40 of the 49 potentially eligible countries in sub-Saharan […]
A bulk carrier that had loaded grain in Duluth and went aground in New York State at the eastern end of Lake Ontario, just days before the St. Lawrence […]
The amount of capacity on idle, unemployed containerships reached reached 718,000 TEU in mid-December, according to Alphaliner, and “is expected to continue to rise until the end of March, […]
The containership chartering company Seaspan Corp. announced Monday it has entered into an agreement to extend and refinance its $1 billion credit facility. “The refinancing provides multiple benefits […]
Canada Coast Guard said that four people were removed by helicopter from MSC Monterey, a containership chartered by Mediterranean Shipping Company, on Sunday after the ship reported hull problems.
The ruling had its origins in a dispute between cargo interests and carriers involving the 2007 theft of four consignments of Canon cameras during road transport under CMR terms from […]
A spokeswoman from Hanjin Shipping said the liner has no plans to reduce its allocation on CKYH alliance services or sell terminals in the United States as a result of […]
The chairman of Hapag-Lloyd has suggested in an interview published in the German newspaper Hamburger Abendblatt that his company’s merger talks with the Chilean container shipping company CSAV could […]
Maersk said the Bay Bridge service will call both the Ports America terminal and SSA’s Oakland International Container terminal in Oakland, starting in mid-January, for eastbound and westbound service rotations.
The president of the International Longshoremen’s Association says a joint lawsuit by his union and two employer groups against the Waterfront Commission of New York Harbor will continue despite […]
Press outlets have reported the Hyundai Group has announced a major restructuring plan, that will include selling financial assets and support for its shipping company, Hyundai Merchant Marine.
Hanjin Shipping said it will raise 300 billion Korean won (KRW) ($283 million) by spinning off its dedicated bulk business into a joint venture.
“K” Line Next Generation Car Carriers The Japanese shipping company “K” Line said it has decided to double the number of next-generation car carrier vessels it is ordering. […]
The Federal Maritime Commission announced it reached compromise agreements with two Japanese companies for alleged violations of the Shipping Act by their roll-on, roll-off cargo operations. Under separate […]
‘Tis the day after Christmas, but no matter how carefully they hung their stockings, for many port executives funding for dredging and port infrastructure remains just a vision dancing […]
Kinder Morgan Energy Partners, L.P., said Monday it had entered into a definitive agreement to acquire American Petroleum Tankers (APT) and State Class Tankers (SCT) from affiliates of The […]
Maersk, in its Dec. 17 “Weekly Highlights” newsletter, has laid out contingency plans in connection with the upcoming Chinese New Year period. “We have endeavored to balance our […]
Canada’s Port of Sept-Îles on the Saint Lawrence Seaway said it set a new record earlier this month when it loaded 302,264 tons of iron ore on a ship, […]
A document on the Korean shipping company’s website said the plan involves repayment of debt; financial aid by shareholders and creditors; and a plan for improvement in operations.
The Danish foundation that controls the A.P. Møller-Maersk conglomerate, A.P. Møller og Hustru Chastine Mc-Kinney Møllers Fond til almene Formaal, has restructured. A.P. Møller-Maersk said the foundation, which […]
NOL Group has appointed 30-year logistics industry veteran Beat Simon to president of its APL Logistics subsidiary, effective March 1. Simon joins APL Logistics from Agility, where he […]
United Arab Shipping Co., which has nearly doubled U.S. cargo volumes this year, plans to consolidate most jobs, including employees from its U.S. headquarters of United Arab Agencies in […]
Ecu-Line, a non-vessel-operating common carrier based in Antwerp and subsidiary of the Avvashya Group in India, has partnered with FCL Marine Agencies in Rotterdam. FCL Marine is a […]
China has issued a new document to clarify value-added tax measures that went into effect in Aug. 1, which have caused concern in the shipping and logistics industry both […]
A report on large container ship safety, growing out of the loss of the container ship MOL Comfort, which broke in half June 17, has been released, setting visual […]
The deal will establish a joint U.S.-Libya Council on Trade and Investment, which will address issues including market access, intellectual property, labor, and environmental challenges, the Office of the […]
The U.S. Department of Agriculture and Brazil’s Ministry of Agriculture, Livestock and Food on Wednesday pledged to improve trade in beef and beef-related products between the two countries.
Let’s face it, shippers and non-vessel-operating common carriers are wed to their liner carriers, for better or worse. The economics of the container shipping industry are such the […]
In a new analysis, Drewry Supply Chain Advisors has found that “carriers continue to be spooked by the specter of imminent big ship deliveries and so are fighting to […]
This case arose out of a disagreement between Radiant Global Logistics’ Airgroup and fashion apparel shipper Donna Karan over a stolen shipment. The parties did not dispute any […]
Express carrier’s “turn data into insight” initiative is topped by ORION rollout. Anyone who has received a parcel delivery from UPS knows its drivers carry small handheld computers that […]
If the liner industry consolidates will that benefit or hurt shippers? Shippers and liner carriers enter 2014 amid potentially great change in container shipping. Last June, Maersk Line, Mediterranean […]
When Maersk Line, Mediterranean Shipping Co., and CMA CGM announced in June their intention to form the P3 Network, many analysts figured it was just a matter of time […]
When I read that two former executives at the state run-Vietnam National Shipping Lines (Vinalines) were sentenced to death Monday for alleged embezzlement, I was troubled.
Members of the U.S. Federal Maritime Commission met with regulators from China and the European Commission on Tuesday as all three review plans by container shipping companies to form […]
A job dispute at Portland’s container terminal has been resolved. Work involving plugging in and unplugging refrigerated containers will be assigned to workers represented by the International Longshore and […]
Gulftainer said this week that it seeks to become one of the six largest container terminal operators in the world, establishing 35 terminals handling 18 million TEU by 2020. […]
According to reports, despite a loss of $67 million in the first three quarters of this year, Evergreen “might post a profit for the whole of this year thanks […]
The Federal Maritime Commission will hold its Global Regulatory Summit on shipping Dec. 17. The agency confirmed regulators from the People’s Republic of China (PRC) and the European […]
Labor unions representing port workers in New York and New Jersey are seeking to stop the Waterfront Commission of New York Harbor from amending its rules for repair and maintenance […]
Peter Keller, the president of Sea Star Line, will become executive vice president of TOTE, Sea Star’s parent company. He will oversee TOTE Shipholdings and the TOTE Maritime Division, […]
Hyundai Merchant Marine has provided details on the port rotations for the services it will offer next year in the Asia to North America West Coast and on the […]
The U.S. Commerce Department’s Bureau of Industry and Security has added 36 companies and individuals to the Entity List for “engaging in actions contrary to the national security or […]
The U.S. International Trade Commission said imports of silica bricks and shapes from China do not hurt domestic manufacturing, even though the Commerce Department determined earlier that they are […]
The Chinese city of Xian, which is in the Shaanxi province, plans to build an inland port that will focus on international logistics, according to a report by China’s […]
Siim Kallas, the vice president of the European Commission responsible for transport, told a Danish publication that the proposed P3 Alliance between Maersk Line, MSC and CGM CGA is […]
The South Carolina State Ports Authority’s James Newsome said he hoped the P3 would be approved in some form, but said ports that are in close proximity may file […]
The G6 carriers — APL, Hapag-Lloyd, Hyundai Merchant Marine, MOL, NYK, and OOCL — filed their agreement on Dec. 2, and it is slated to go into effect Jan. […]
The Asian Shippers Council (ASC) at its annual meeting on this week in Shenzhen, China, has objected to the proposal by Maersk, MSC and CMA CGM to form the […]
Intertanko said, “Vetting inspections of tankers by oil companies are proliferating in frequency, rising steadily in cost and, at an estimated $300 million a year, are well on the […]
Frank Peake was sentenced to serve five years in prison and made to pay a $25,000 criminal fine for his participation in a conspiracy to fix rates and surcharges for […]
APL Logistics today opened its first APL Logistics/Carmichael International Service customs brokerage office in Laredo, Texas. APL Logistics, the supply chain management unit of Singapore’s NOL Group, acquired […]
Two shipping analysts are warning of containership over capacity in commentaries released today. In the latest edition of its Container Insight Weekly, the London-based consultant Drewry said it […]
The Virginia Offshore Wind Development Authority, the City of Norfolk, and the Virginia Ship Repair Association have joined forces with Environment Virginia to promote the economic and environmental benefits […]
The United Nations Conference on Trade and Development (UNCTAD) has released its annual Review of Maritime Transport, a 204-page book that can be downloaded online. The 2013 review […]
The Federal Maritime Commission voted Thursday to approve a request for additional information from the parties to the proposed P3 Network Vessel Sharing Agreement — Maersk, MSC and CMA […]
The Port Authority of New York and New Jersey this week authorized $105 million for the design, construction and realignment of roadways in the Port Newark-Elizabeth complex in New […]
The U.S. Export-Import Bank has authorized a $640.7 million direct loan to Star Refineri A.S. of Istanbul, Turkey, which will finance the export of American-made oil refinery equipment and […]
The Federal Maritime Commission has released 83 pages of comments from shippers, ports, government officials and others about the proposal by Maersk, MSC and CMA CGM to create a […]
“Joint ventures are part of Zim’s ongoing strategy,” Rafael Ben-Ari, Zim’s vice president, shipping, said. “Our aim, as always, is to improve the services to our customers.” Any cooperative […]
Millard Maritime, a Gulf Coast port and cargo services provider, has partnered with HELM Fertilizer Corp. to handle fertilizer products at Millard’s facility in Theodore, Ala. HELM’s fertilizer […]
The U.S. Commerce Department on Wednesday reported that the country’s exports of goods and services for October reached an “all-time monthly high” of $192.7 billion, up from $189.3 billion […]
Sweden announced Dec. 3 the launch of a new trade facilitation training facility in Arusha, Tanzania. The Swedish government, through its development agency Sida, will provide an initial […]
A group of countries with a tradition in obtaining and importing illegally procured elephant ivory in Africa committed this week at the African Elephant Summit in Botswana to stiffer […]
Reportedly a stolen shipment of radioactive Cobalt 60 was recovered Wednesday in Mexico, but thieves who took the material probably exposed themselves to a lethal dose of radiation when […]
Hapag-Lloyd and CSAV said they “are currently maintaining discussions if a possible business combination or any other form of association would be of mutual interest.” The German and […]
The Port of Jacksonville said $12.4 million has been spent over the past 18 months improving the heavy lift cargo berth at JAXPORT’s Blount Island Marine Terminal. The project […]
Descartes Systems Group said it had a profit of $2.2 million in the third quarter, but said net income was negatively impacted by $600,000 by the integration of KSD […]
The president of the New York Shipping Association (NYSA) fired back at the Waterfront Commission of New York Harbor with a statement saying that the NYSA board of directors […]
Hapag-Lloyd said it will revise and enhance its Gulf Caribbean Service (GCS). It said the rotation of the current GCS is extended to provide Eastbound and Westbound calls for […]
The plant will produce about 180 metric tons per year, which will be packaged into large sacks and loaded on to trucks (25 truck trips annually) for shipment to […]
The Port of Antwerp Authority said it will invite expressions of interest for new opportunities to expand cargo handling capacity at its Deurganck dock, a request prompted by the […]
The Federal Maritime Commission said Monday it planned to host on Dec. 17 a global regulatory summit “in light of the increased networking among ocean common carriers.” Regulators from […]
Maersk said it will launch a new new weekly intra-America service, MesoAmerica Express (MAE), that will connect the United States and Puerto Rico with Mexico, Guatemala, Honduras, Costa Rica, Panama, Colombia, […]
The Federal Antimonopoly Service said the case was initiated upon materials obtained in the course of several dozens of unscheduled on-site inspections of economic entities — in particular, Russian […]
The six containership companies that belong to the G6 Alliance are planning to expand their cooperation to the Asia-U.S. West Coast and transatlantic trade lanes. The new services are […]
U.S. steel imports in October increased 8.4 percent compared to September based on preliminary data reported by the government and analyzed by the American Institute for International Steel. […]
In a letter to the FMC, ILA President Harold Daggett wrote, “Such a drastic consolidation of capacity naturally leads to questions as to the long-term impact of such an agreement […]
During the third quarter, Zim, the Israel-based container shipping company, had a net loss of $44 million, down from a $97 million loss in the second quarter of this […]
