The so-called “BRIC” countries of Brazil, Russia, India and China are still generating attractive cargo growth, says the current edition of Drewry’s Container Insight Weekly. “Container traffic loaded […]
Speakers at the meeting of the International Union of Marine Insurance in London last week, warned that as use of low-sulfur fuel in ships increases, the likelihood of chronic engine […]
Hapag-Lloyd said it had raised 250 million euros (about $337 million) through the sale of bonds to institutional investors. The bond, which has a maturity of five years, has a […]
The U.S. International Trade Commission on Friday determined that the domestic shrimping industry is not harmed by imports of frozen warmwater shrimp from China, Ecuador, India, Malaysia, and Vietnam, […]
Rickmers Group and funds affiliated with Apollo Global Management have created a joint venture to invest in containerships. The joint venture will initially focus on used vessels and […]
Draft amendments to require mandatory verification of gross weight of containers under the SOLAS convention were agreed to on Friday by the IMO’s Subcommittee on Dangerous Goods, Solid Cargoes and Containers.
Company and port authority officials noted the Florida port is closest to Mexico’s fast-growing vehicle manufacturing areas served by the ports of Veracruz and Altamira and offers the quickest transit times to […]
Gov. Pat Quinn of Illinois on Thursday praised construction of a new intermodal container terminal at Archer Daniels Midland Co.’s major agricultural processing and headquarters complex in Decatur as a […]
The U.S. Export-Import Bank this week authorized a pair of direct loans totaling $33.6 million to Abengoa of Seville, Spain, that will facilitate the export of American heat-transfer fluid […]
U.S.-flag Great Lakes carriers carried 10.5 million tons of dry-bulk cargo in August, an increase of more than 1 million tons, or 10.6 percent, compared to a year ago, […]
The U.S. Department of Agriculture said the fiscal year 2013 Food for Progress and McGovern-Dole International Food for Education and Child Nutrition allocations will benefit more than 10.5 million […]
The United States announced the country-specific and “first-come, first-served” in-quota allocations under its tariff-rate quotas (TRQs) on imported raw cane sugar, refined and specialty sugar and sugar-containing products for fiscal […]
The Guysborough district has finalized the sale of waterfront lands in Melford, Nova Scotia, where Melford International Terminal Inc. (MITI) and its partner Maher Terminals are planning to build a box terminal.
Third party logistics services provider OIA Global has acquired majority control of Bellville International Ltd., a freight forwarder based in London. Bellville International is the holding company for […]
Mediterranean Shipping Co. has announced a rate hike on export cargo from the United States, Canada, and Mexico to North Europe, including the Baltic and Scandinavia, of $100 per 20-foot […]
Chilean liner carrier CSAV said because of China’s “Golden Week” holiday in October seven sailings have been canceled.
The development of the port located on the Aguadulce peninsula at the port of Buenaventura will be done in three phases. The first phase will yield an annual capacity of 450,000 […]
Salvage crews righted the wrecked cruise ship Costa Concordia on Tuesday, more than 20 months after it capsized off the coast of Italy’s Giglio Island. Crowley Maritime’s Titan Salvage is […]
The so-called “Maritime Goods Movement Act for the 21st Century” was developed to eliminate incentives for shippers to bypass U.S. ports and move their goods through Canada and Mexico ports instead.
Shippers voiced concerns about bigger containerships and larger carrier alliances last week during a panel discussion at the South Carolina International Trade Conference. Pointing to the proposed P3 […]
The International Air Cargo Association said the new regulations, which take effect on July 1, 2014, fall outside industry goals of “a common, unified approach to global security standards.”
Matson said it, not its customers or Hawaii taxpayers, will cover the costs associated with the Honolulu Harbor molasses spill response. On Sept. 10, Matson said a leak […]
The International Maritime Organization’s Subcommittee on Dangerous Goods, Solid Cargoes and Containers will meet in London this week to consider competing proposals to require verification of container weight prior […]
President Obama has nominated Paul “Chip” Jaenichen Sr., of Kentucky, to be administrator of the Maritime Administration. Jaenichen was named the acting administrator in June, following the resignation […]
RoadOne IntermodaLogistics said its QLS Logistic Services affiliate had acquired US Intermodal, which will serve as foundation for a new coast-to-coast agent drayage and brokerage business called US IntermodaLogistics. […]
The shipping company said the Icelandic Competition Authority exercised a dawn raid at its premises last week “on the basis of a ruling” from Reykjavík District Court. Eimskip received no […]
The U.S. Department of Agriculture will lead a trade mission to promote U.S. agricultural trade and investment in sub-Saharan Africa, Sept. 16-20. The trade mission launches USDA’s Sub-Saharan […]
Former Maritime Administrator William Schubert testified before Congress that “perhaps nothing is more important to the viability of the privately owned U.S. flag commercial fleet than adequate cargo preference […]
Richard P. Hughes, Jr., served as the union’s eighth president from July 2007 until July 2011. Prior to his election as ILA president, he served as both executive vice […]
A major rift between groups representing shippers has developed over proposals requiring verification of container weights prior to loading. The proposal is to be considered next week at […]
Capital Product Partners L.P., an Athens-based company whose securities are listed on NASDAQ, said it had acquired three 5,023-TEU containerships — the CCNI Angol, Hyundai Privilege and Hyundai Platinum […]
As much as 1,400 tons of molasses, or about 233,000 gallons of the liquid, may have entered the Honolulu Harbor, triggering a massive fishkill. Matson located a leak in […]
The official steel cutting ceremony for the fourth generation or “G4” ships took place this week at the Hudong Zhonghua Shipbuilding’s new shipyard on Chungxing Island near Shanghai. The five […]
The Bremen, Germany-based forwarding company Röhlig has acquired 100 percent of its longstanding agent Procargo in South America. “South America is one of the major growth regions in the […]
With the expansion of the Panama Canal, COSCO Container Lines, part of the CKYH Alliance, is exploring adding more services in the Gulf of Mexico and a new services to […]
The International Longshoremen’s Association will remain an affiliate of the AFL-CIO, and the dockworkers’ union president, Harold J. Daggett, will join four new vice presidents on the federation’s executive council.
Lowe’s Cos., the home improvement store chain, is assembling its own fleet of chassis to move containers to and from marine terminals. Dean Tracy, director of import logistics at Lowe’s, said […]
This year the port has seen 300 post-Panamax ships call and port CEO Jim Newsome said once the Panama Canal opens up, he expects the size of “work horse” ships […]
NCBFAA official warned FMC’s initiative “would – if implemented – significantly increase unnecessary burdens and expense on OTIs, raise significant due process concerns and create needless administrative burdens on the agency’s […]
U.S. small businesses currently exporting to the European Union will have the opportunity to voice their concerns on existing EU trade barriers through a series of cross-country roundtables arranged by […]
The U.S. Trade and Development Agency has awarded a grant for technical assistance to support the Colombian Ministry of Transport in its efforts to develop a plan to implement […]
The French carrier said on Oct. 1 it will raise freight rates on dry and reefer containers moving from North Europe to the U.S. East and Gulf coasts, Canada and Mexico […]
U.S. steel exports increased in July 2.2 percent over June, according to government data analyzed by the American Institute for International Steel. “NAFTA steel demand improved in July […]
“With the tolls going up as much as they did and the prospect of them continuing to go up, it was vital that the terminal be able to do something […]
Deborah Hadden will be responsible for directing the planning, development, marketing, operation, security, financial management, administration, and maintenance of non-aviation properties in the Port of Boston.
The G6 Alliance said it will cancel two sailings in early October as part of its vessel maintenance programme and in connection with the National Holiday in China. […]
The American Institute for International Steel called antidumping cases filed earlier this week with the U.S. government by a group of domestic reinforcing bar manufacturers against suppliers in Turkey and […]
DFDS said the liner carrier’s share in the company was reduced from 31.3 percent to zero after the sale of 4.65 million shares. Maersk remains a major player in the European short-sea market via its Seago […]
Nexus Consulting of Alexandria, Va., said the attacks were carried out by a terrorist group calling itself Al-Furqan and its followers are “seeking to disrupt the canal with extreme means, including deadly […]
Improperly weighed boxes present safety hazards for ships, their crews, other cargo on board, workers in port facilities handling containers, and on roads. These containers also lead to incorrect ship stowage and accidents.
Balder, a self-unloading bulk carrier owned by the Norwegian shipping company Torvald Klaveness and managed by CSL, has become the first vessel to operate in the U.S. Emissions Control […]
The U.S. Export-Import Bank entered its first marketing partnership in Iowa to help the Midwest state’s small and midsized companies boost their export sales and jobs. The City/State Partnership with Iowa […]
Lars Mikael Jensen will become the chief executive officer of the P3 Network Center being created by Maersk, Mediterranean Shipping Co., and CMA CGM, if and when regulatory approvals for […]
The Containerization & Intermodal Institute (CII) will present its 2013 Connie Award to H. Winchester “Win” Thurber III, chairman and chief executive officer of Norton Lilly International, on Dec. […]
Just before Labor Day, the International Longshore and Warehouse Union cut formal ties with the AFL-CIO, expressing concern about jurisdictional battles with other unions as it prepares to negotiate a […]
Meanwhile, a federal judge signed a temporary restraining order last Thursday to get longshoremen at the Wando Welch and North Charleston terminals in Charleston to return to work following a brief walkout.
The carrier will use the new ships to replace aging tonnage. “It is our estimation that the car transport market and ro/ro cargo market will steadily grow, so we will continue […]
Hapag-Lloyd said its Brazil Express Loop 1 (BX1) service is being replaced with a new South America East Coast Service (SEC) that will use slots on the so-called “Tango” […]
Nippon Kaiji Kyokai (ClassNK), the Japanese classification society leading an investigation into the breakup and eventual sinking of the containership MOL Comfort said the analysis and investigation of the […]
Evergreen Line has announced a transatlantic general rate increase on all commodities both eastbound and westbound, effective Oct. 1. For the transatlantic westbound, the GRI will be $150 […]
United Arab Shipping Co. (UASC) has signed a contract with Hyundai Heavy Industries to have the Korean shipyard build it five 18,000-TEU ships and five 14,000-TEU ships. The […]
In its Outlook for U.S. Agricultural Trade released Thursday, the U.S. Department of Agriculture forecasts that agricultural exports will reach $140 billion in fiscal year 2013. If realized, […]
The U.S. International Trade Commission has started an investigation to examine a wide range of Indian policies that allegedly discriminate against U.S. trade and investment. The investigation, Trade, […]
Two Los Angeles-based consulting firms, MotorScience Inc. and MotorScience Enterprise Inc., and their owner, Chi Zheng, have agreed to settle alleged Clean Air Act (CAA) violations related to the […]
Speaking at the Port of Houston Thursday, U.S. Commerce Secretary Penny Pritzker highlighted new data that shows U.S. manufactured exports supported 6.4 million jobs in 2011. About 10 […]
The U.S. Export-Import Bank has authorized $1.5 billion in export financing for a pair of transactions to support the export of U.S. goods and services to Petroleos Mexicanos (Pemex), Mexico’s national […]
Members of the International Longshoremen’s Association will vote today, Aug. 30, on a new local contract. While union members have continued to work and are covered by the […]
Drewry Maritime Equity Research said valuations of the two big South Korean liners indicate they are in poor financial health. However, HMM, part of the giant Hyundai Group, said it was prepared […]
The International Longshoremen’s Association, and the group that represents their employers, the U.S. Maritime Alliance (USMX), have agreed to rescind an Aug. 6 letter that threatened containers would not […]
The Israel-based container shipping company said it had EBITDA in the second quarter of 2013 of $36 million, compared to a negative EBITDA of $6 million in the previous quarter and […]
CargoWise, a technology solutions provider to logistics service providers, said CMA CGM Logistics will adopt ediEnterprise through WiseCloud across its offices in 50 countries over the next 18 months, […]
The world’s third largest container carrier said Thursday it had a consolidated net profit of $268 million in the second quarter, up from $169 million in the same 2012 period.
Agricultural shippers are questioning whether market conditions are such that a planned westbound rate increase announced by the Transpacific Stabilization Agreement (TSA) on Tuesday will stick, said Peter Friedmann, executive […]
Private equity investor Wilbur Ross is one of the backers behind a new shipping company planning to build eight 64,000-deadweight-ton dry bulk carriers. Nautical Bulk Holdings Ltd., a newly […]
The United States and Uruguay this week signed a memorandum of understanding to enhance trade facilitation between the two countries. Uruguay is an important emerging trading partner for the […]
Like many states, California has a “sunshine” law via the California Public Records Act (CPRA) that provides for the inspection of public records maintained by state and local agencies. […]
Gemini’s joint venture with logistics partner built on long-time trust. By Chris Dupin Gemini Shippers Association has forged a joint venture with Vizion Logistics to provide transport for smaller shipments […]
Liner carriers and their alliances grapple with the largest containerships. By Chris Dupin The container shipping industry has shown steady drive toward bigger ships over the past five decades. […]
As Thomas Edison is to the light bulb, Henry Ford to automobile manufacturing, Fred Smith to express shipping, and Jeffrey Straubel to electric cars, Jeff Bezos’ lasting impact may […]
Survey finds Europe ahead of U.S. shippers and carriers on embracing sustainability. By Chris Dupin While environmental sustainability is becoming an increasingly significant issue for customers and senior management, “cost […]
Geodis Wilson, the freight forwarding and heavy-lift shipping division of Geodis Group, has begun moving the giant gates that will be used in the new, third set of locks […]
Supply chain experts will gather for a view of the profession’s future, as well as its past. By Chris Dupin The Council of Supply Chain Management Professionals (CSCMP) will mark […]
A U.S. District Court granted summary judgment in favor of a truck rental company that said it should not be part of a cargo damage lawsuit. (Maass Flange Corp., […]
The 13 container liner companies in the Transpacific Stabilization Agreement’s (TSA) Westbound section plan to raise freight rates on all commodities and from all U.S. origin points by at least […]
Hamburg Süd christened a new containership in the United States for the first time over the weekend. The ceremony to name the 3,800-TEU Cap Corrientes was held on Aug. […]
The big four global container terminal operators remain PSA International, Hutchison Ports, APM Terminals and DP World, but with varying levels of activity according to Drewry’s Annual Review of […]
French liner carrier CMA CGM said it will raise rates from Europe to Latin America by 200 euros per TEU on both dry and refrigerated boxes, effective Oct. 1. […]
Cincinnati-based freight transportation broker Total Quality Logistics (TQL) has opened a new sales office in Houston. The Houston location will start with 13 employees, but TQL expects to expand that […]
Since the death of its founder, John “Jock” Menzies, on Aug. 17, the board and staff of the American Logistics Aid Network have vowed to continue efforts to guide and […]
U.S. steel imports increased 0.6 percent in July compared to June, according to preliminary data released by the federal government and analyzed by the American Institute for International Steel […]
The recently-approved contract between employers and the ILA encouraged retirement of some older longshoremen with a buyout package, and 300 longshoremen will retire in the Port of New York and […]
Seago Line, A.P. Moller – Maersk’s intra-European and Mediterranean carrier, said it will stop accepting cargo to and from Iceland on Oct. 1. “These changes follow an extensive […]
The U.S. Export-Import Bank has authorized a $105.4 million loan to Space Communication Ltd. of Ramat Gan, Israel, to finance the Space Exploration Technologies (SpaceX) launch of the Amos-6 […]
The Shanghai Container Freight Index fell 33.33 points to 1083.99 last Friday. The index, which measures spot rates from Shanghai to different parts of the world, was down […]
Richard H. “Dick” Suddath, founder of the Jacksonville, Fla.-based Suddath Cos., died Saturday morning. He was 94. “Many of you knew him in his more vibrant years, yet even […]
A new study says that increasing the depth of the shipping channels in the lower Mississippi River to 50 feet could create thousands of new jobs and billions of […]
To address public health concerns, the Trans-Pacific Partnership has proposed a regulation for trade in tobacco. “This proposal will, for the first time in a trade agreement, address […]
The Federal Maritime Commission said that on July 25 it revoked the ocean transportation intermediary license of Transporte Medrano, Inc., doing business as Medrano Express. “Medrano Express is […]
The Israeli carrier said this week it has launched a new service between Miami, Santo Tomas de Castilla in Guatemala and Puerto Cortes in Honduras, joining other carriers, including Evergreen and […]
Swire Shipping said it will begin offering service to both the east and west coast of South America through partnership arrangements with CCNI. “Inward and outward shipments to/from […]
