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 […]
The new DFW Connector, which is tied to the large Dallas/Fort Worth International Airport complex, officially opened for service Wednesday. The roadwork was part of a $1 billion project […]
The first four of 16 new gates that are being built for the Panama Canal arrived this week aboard the semi-submersible vessel STX Sun Rise. “This is an […]
Traffic is moving this morning on Dave Nesbit road along Port Canaveral’s southside after being shut down since May for reconstruction. The project involved road realignment, installation of underground utilities, […]
Menzies John “Jock” Menzies, chairman of Baltimore-based The Terminal Corp. and founder of the American Logistics Aid Network (ALAN), died suddenly this weekend at his home. He was 69. […]
“To put this growth into context, the 186 million TEUs which this growth represents is the equivalent of the entire throughput of all Chinese ports in 2012. Or to put […]
The Chilean container shipping company CSAV said it has priced a rights offering for 6.75 billion shares of stock it is selling at about 4.88 cents per share. […]
T. Parker Host Jr., the owner of the steamship agency T. Parker Host Inc., died on Sunday in Virginia Beach, Va., at the age of 88. After serving in […]
The private equity firm KKR said Tuesday it has formed a new business, Maritime Finance Co., that will focus on lending to the offshore oil field services and traditional […]
In this role, Tom Nightingale will be responsible for growing revenue and expanding GENCO’s logistics business. Today, the Pittsburgh-based 3PL firm manages more than $1.5 billion in freight annually.
Maersk said it will implement a general rate increase on Sept. 16 for cargo leaving Houston and New Orleans to Chile, Peru, Ecuador, Bolivia and Colombia. The rate will […]
Navios Group, composed of three New York Stock Exchange-listed affiliates – Navios Maritime Holdings Inc., Navios Maritime Acquisition Corp., and Navios Maritime Partners L.P. – said a new company, […]
“This convention is a milestone in maritime history,” said ILO director-general. “The product of tripartite dialogue and international cooperation, it enables decent working and living conditions for seafarers.”
SeaIntel Maritime Analysis said the proposed P3 Network of Maersk Line, Mediterranean Shipping Co. and CMA CGM will be a difficult for competing carriers to challenge on the Asia-Europe trade lane […]
“We are concerned that in using the trade laws to disrupt a number of legitimate, responsible and long-term supply relationships, the ITC has allowed domestic industry OCTG producers to misuse […]
Harold J. Daggett, president of the International Longshoremen’s Association, will meet with members of the union Monday evening. ILA members rejected the local contract by a vote of 520 to 483 on […]
Shipping industry analysts at the brokerage firm Jefferies wrote in a new research note that they “see risk of new shipbuilding orders delaying the recovery of the shipping industry […]
C.H. Robinson Worldwide has appointed Ivo Aris to director of global forwarding for its European operations. A 20-year industry veteran, Aris has held responsibilities in sales, operations, and […]
Senators Patty Murray and Maria Cantwell are proposing to replace the tax with the “Maritime Goods Movement User Fee,” which would apply to all entry points for U.S.-bound cargo, […]
A.P. Moller-Maersk reported a profit of $856 million in the second quarter ending June 30, 11 percent less than the $965 million earned in the second quarter of 2012. […]
The Suez Canal Authority said 68 ships crossed the canal with a record total load of 4.8 million tons on August 9, but concerns are rising about the impact […]
Nippon Kaiji Kyokai (ClassNK ), the Japanese classification society, said Wednesday that its analysis of the break-up and subsequent sinking of the containership MOL Comfort “is proceeding rapidly, and […]
The National Industrial Transportation League has requested assistance from the U.S. Government in obtaining clarifications on a value-added tax being imposed by the Chinese government.
A showdown could be in the works next month over who has the right to repair chassis used to move containers to and from marine terminals. The International […]
Seaspan Corp., which builds containerships and charters them to liner companies, said it will build and charter 10 additional 14,000-TEU ships to Yang Ming. In January, Seaspan said […]
The Diamond State Port Corp., which operates the Port of Wilmington, Del., and Dole Food Co. said they have reached a deal for Dole to continue to use the […]
Members of the International Longshoremen’s Association (ILA) in the Port of Hampton Roads voted 520 to 483 on Monday to reject the terms and conditions of a new local […]
CSAV, the Chilean container shipping company, said that its board on Tuesday approved plans to sell, then lease back, two 6,500-TEU containerships. It said “the transaction is in […]
UNCTAD, the United Nations Conference on Trade and Development, has electronically published the latest edition of its liner shipping connectivity index. The agency notes that a country’s access […]
The Fairview Container Terminal at the Port of Prince Rupert in British Columbia is adding a fourth container crane, even as a member of the U.S. Federal Maritime Commission questioned […]
China’s first merchant ship to sail from Asia to Europe via the Arctic Sea departed Dalian last week. The Website SinoShip News reports COSCO’s multi-purpose ship Yong Sheng, […]
The London-based consultancy reported even though some cargo booked from Asia to Europe was rolled at the beginning of July “some ships still sailed light due to last-minute booking cancellations.”
Maersk Line has taken delivery of Majestic Maersk, the second of 20 18,270-TEU containerships being built for it by Daewoo Shipbuilding and Marine Engineering. Mikkel Elbek Linnet, a spokesman […]
Non-vessel-operating common carrier CaroTrans will offer a new direct, weekly less-than-containerload (LCL) and full containerload (FCL) export service from Houston to Rio de Janeiro, Brazil. The first sailing […]
MOL said it has completed measures to reinforce the hulls of three sister ships of the MOL Comfort, the 2008-built containership that suffered a hull fracture in the Indian […]
“K” Line Zhenhua Logistics (Shanghai) Co., Ltd. has opened a new warehouse in a Logistics Park of Shanghai Lingang New Town. The two-story, 43,890-square-meter warehouse is located on […]
The United States and an economic bloc of five East African countries have agreed to launch formal negotiations on a trade facilitation agreement, announced U.S. Trade Representative Michael Froman […]
Crowley Maritime Corp. has announced plans for a major expansion of its tanker fleet, saying it has entered agreements to have Aker Philadelphia Shipyard Inc. (APSI) build up to eight product […]
The Korean liner carrier reported a loss of 80.4 billion won ($72.4 million) in the second quarter of 2013 compared to a loss of 1.2 billion won in the same quarter […]
The firm said its analysis “shows that only Ambarli and Constanta currently have the operational capabilities to handle 10,000-TEU vessels, while Odessa will get the ability in the future, if the […]
Shipments of coal on the Great Lakes reached 2.9 million tons in July, an increase of 2.5 percent over June, and a jump of 7.3 percent compared to a year ago, […]
Orient Overseas (International) Ltd. (OOIL), parent company of container liner company OOCL, said it had a loss of $15 million in the first half of 2013 compared to a profit […]
The banana shipper, which operates Great White Fleet, reported in its second quarter results that reconfiguration of its European shipping system, initiated in the third quarter of 2011, provided more than $12 million […]
Matson, the leading container carrier between the U.S. mainland and Hawaii, reported a profit of 20.1 million in the second quarter compared to $7.8 million in the same 2012 […]
Maersk Inc. of the A.P. Moller-Maersk Group said Wednesday it had agreed to sell substantially all the assets of its trucking subsidiary Bridge Terminal Transport (BTT) to an affiliate […]
Freight forwarder Laufer Group International has opened a JFK International Airport office. The office will service customers for both ocean and air and report to Martin Karczewski, director […]
AIT Worldwide Logistics has opened an office in Toronto, Canada. This first Canadian location in AIT’s network is headed by independent contractor Branko Burazin. “The establishment of […]
Starting Aug. 19, trucks entering the secure area of a marine terminal in the Port of New York and New Jersey, must be registered in the port’s drayage truck registry (DTR) […]
