Port Corpus Christi commissioners on Tuesday approved a grant agreement with the U.S. Maritime Administration outlining the terms and conditions for the use of funds to start construction of the […]
Non-vessel-operating common carrier Shipco Transport has opened offices in Pakistan, with its head location in Karachi and branch facilities in Lahore, Faisalabad and Sialkot. The Pakistan operation will […]
Unions representing Hong Kong dockworkers will hold talks with two contractors and mediators from Hong Kong’s Labor Department on Wednesday, according to a report from Radio Television Hong Kong.
General cargo at the Port of New Orleans totaled 7.55 million tons in 2012, 8.6 percent more than in 2011. Volume was boosted by steel imports, which were […]
Rickmers Chennai Rickmers-Linie said it will add a another ship to its fleet. The 19,100- deadweight-ton Pacific Winter, to be renamed Rickmers Chennai, is a sister ship to […]
About 14,500 rank-and-file members of the International Longshoremen’s Union who work at ports along the East and Gulf Coasts are voting today on whether to ratify a new six-year master […]
Strike at Hutchison container terminal in Hong Kong continues as government steps in to try to resolve problems between 500 dockworkers and employers, with service providers suggesting strike is affecting […]
The United States Australasia Discussion Agreement said its members have adopted a guideline calling for a general rate increase of $200 per 20-foot container and $40 per 40-foot container […]
Drewry is forecasting that companies in the container shipping industry will have a collective operating profit (earnings before interest and taxes, or EBIT) of $6.2 billion in 2013, compared […]
Hapag-Lloyd and CMA CGM will launch a new service between the Mediterranean and the U.S. East Coast service in June. Hapag-Lloyd said the new MAS service will use […]
The U.S. Commerce Department on Friday reported U.S. exports of goods and services in February reached $186 billion, an increase of $1.6 billion from January. Imports of goods […]
Shusen Wei, 45, a citizen of China, pleaded guilty Friday in Miami federal court to charges stemming from his involvement in the smuggling of a carved rhinoceros horn from […]
Hong Kong’s High Court has extended an injunction first obtained April 1 on striking dockworkers, barring them from entering container terminals in Kwai Chung where the port’s container terminal is […]
“Given that market conditions are extremely fragile, we believe that, to keep the industry in the black, leading container operators will have to maintain stringent capacity management and pricing discipline,” […]
Consolidators International (CII) and the Swiss forwarding company Cotrafi-Gondrand Tahiti have signed an exclusive agreement for the Los Angeles-based company to handle air and sea freight from the United […]
CSAV, the Chilean container shipping company, said it will invest $570 million in its business, building seven new ships and paying back a $258 million loan at a steep discount. […]
The White House has not named a political nominee since former Commissioner Alan Bersin departed about 15 months ago. Career agency officials have continued to push through organizational and programmatic […]
Six U.S. government agencies on Wednesday joined together to kick off a new pilot program to expand federal export assistance to small businesses. The program, U.S. Global Business […]
The U.S. Export-Import Bank has entered a new marketing partnership with the state of Illinois to help the Midwest state’s businesses boost export sales and jobs. The so-called […]
Brian Conrad, TSA executive director, doesn’t expect the westbound transpacifc trade in terms of rates and volumes to change significantly because of the merger. The market “is still going to be driven […]
Evergreen Marine Corp. said it had a profit of 128.5 million New Taiwan dollars (NT) ($4.3 million) compared to a loss of 3.1 billion NT in 2011. The […]
The U.S. Environmental Protection Agency today said it’s withdrawing approval of the import and sale of up to 74,000 gas-powered on-and off-road motorcycles and all-terrain vehicles from China. […]
The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service today announced recent results of the agency’s efforts to support exports of U.S. agricultural products, and they’re expected […]
Along with previous funding, Georgia has allocated $231.1 million toward the state’s portion of the Savannah Harbor Expansion Project, which will deepen the harbor from 42 to 47 feet to […]
The agency announced Saturday that Richard A. Lidinsky Jr. has resigned as chairman and Commissioner Mario Cordero of Long Beach, Calif., who joined the FMC in June 2011, will take […]
In proposed legislation, the senator seeks a “merit-based” system for funding port infrastructure. “This bill changes the way we deepen ports and it sets aside money to make sure there will be […]
The logistics company Agility said it had net profit of 34.3 million Kuwait dinar (KD) in 2012 ($119.9 million), 27 percent more than in 2011. Revenue in 2012 […]
The United States on Friday announced it’s considering a Trade and Investment Framework Agreement (TIFA) with the Economic Community of West African States (ECOWAS). “A Trade and Investment […]
Walter Kemmsies, chief economist of Moffatt & Nichol, said Thursday he is forecasting import cargo volumes in the peak season this year could be 5 percent higher than in […]
News reports said Guillermo Luksic Craig died of lung cancer. Through its 83 percent stake in Quiñenco, one of Chile’s largest conglomerates, the Luksic family acquired a stake in CSAV in […]
The Baltic Air Charter Association (BACA) has elected Tony Coe, owner of Aviation Complete Ltd., as its new chairman. The association, based at the Baltic Exchange in London, […]
The consolidated cases — Asamarbunker v. U.S. 5th Cir. Nos. 12-40246 & 12-40248. Feb.1 — center on the arrest of two ships and their subsequent sale to satisfy outstanding […]
APMT said the Maasvlakte II facility, scheduled to open in November 2014 with an initial annual throughput capacity of 2.7 million TEUs, will be the most technologically advanced container terminal […]
The requirement under the Jones Act that ships moving cargo between two U.S. points be built and registered in the United States and crewed by Americans has attracted attention […]
Since the forced budget cuts took effect March 1, federal agencies in charge of overseeing trade into and out of the United States have had to make due with […]
Miasolé, a solar energy company in Santa Clara, Calif., was able to export its thin-film solar panels to a solar photovoltaic project in Rajasthan, India, with help of a […]
Hapag-Lloyd said it will begin operating its weekly Finland Express Service (FEX) to Baltic ports next week. Two ships with about 1,000 TEUs of capacity will call Bremerhaven, Hamburg, St. […]
Evergreen said it will launch a new service linking South China, the Philippines and East Malaysia in mid-April. In addition to providing regional transportation links for shippers in […]
In a press release issued by the dockworkers on March 26, ILA President Harold Daggett said “Our organizing mission will go global. We will really make our union an international […]
The Coalition of New England Companies for Trade (CONECT) hosts its 17th Annual Northeast Trade & Transportation Conference in Newport, R.I. on April 2-4. The two-and-a-half day conference […]
Big ships from Europe-Asia trade expected to enter the transpacific. By Chris Dupin The next couple of years could see big changes in transpacific liner services, as many large containerships […]
Even with slow steaming and economies of scale of bigger containerships, fuel is still a significant cost for carriers, amounting to about 60-70 percent of a voyage across the […]
The French liner carrier said it will manage and operate the terminal, giving customers the opportunity to clear their cargo through customs near Baghdad instead of the Umm Qasr seaport.
Rickmers-Linie, a regular carrier at the Port of Philadelphia since 2008, will expand its service to the port when it begins its westbound round-the-world service that will connect markets in […]
COSCO Pacific said it had gross profit of $315 million in 2012, 22 percent more than in 2011. Revenue was $735.5 million, 23 percent more than in 2011. […]
The U.S. Export-Import Bank has entered a marketing partnership with the Monterey Bay International Trade Association (MBITA), a non-profit organization in northern California, to help small and midsized exporters enter […]
The U.S. Export-Import Bank has authorized more than $190 million in financing to support the export of Boeing 737-900ER aircraft to El Al Israel Airlines. “This transaction will […]
The National Shipping Co. of Saudi Arabia (Bahri) has sold its general cargo vessel, Saudi Diriyah, for scrap. The company received SAR 30.25 million ($8 million) for the […]
In May, Florida Coastal School of Law will start a number of programs in logistics and transportation law, including a Master of Laws (LL.M.) degree, as well as graduate […]
Under Hochberg’s leadership in fiscal year 2012, the bank for the fourth-straight year set export finance records in a number of key areas. Overall financing for the first time exceeded […]
A federal grand jury in San Juan, Puerto Rico, has returned an indictment against Thomas Farmer, a former executive of Jacksonville, Fla.-based Crowley Liner Services, for participating in a […]
The proposed merger between the container liner companies Hapag-Lloyd and Hamburg Süd has been called off. A brief statement from the shareholders of Hapag-Lloyd – the Albert Ballin investment group […]
Roy Schleicher, interim CEO at the Florida port, said because of the depressed economy, the port came to a “mutual agreement with Hanjin… that we would not pursue building their […]
Lead bill sponsor State Republican Rep. Gene Ward noted foreign-built vessels are allowed in the domestic Guam trade, and said an exemption for cruise ships was put in place in 2003 […]
The Port of New Orleans said its board of commissioners has given notice to AECOM Technical Services to begin the design of the port’s new Mississippi River Intermodal Terminal […]
Maersk Line on Friday said it will raise freight rates April 15 from Asia (excluding Japan) to European destinations by $500 per TEU, while its rates to Syria will be […]
The U.S. International Trade Commission ruled imports of stainless steel sinks from China are subsidized by the Chinese government and are harming domestic manufacturers of similar products since they […]
A fact-finding mission this week to Panama by representatives of the Terrebonne Parish Economic Development Authority (TEDA) and the Port of Terrebonne in Louisiana has port officials considering the […]
The Government Accountability Office Wednesday released a report on shipping between Puerto Rico and the United States and possible modification of the Jones Act requirement that vessels participating in the […]
The American Logistics Aid Network (ALAN) said last October’s Superstorm Sandy, which ravaged the U.S. Northeast, has shown the network’s strength, as well a highlighted areas for improvement. […]
CenterPoint Properties broke ground this week on a new ACE Hardware distribution center at Wilmer, Texas. The 450,000-square-foot facility will be situated on 31.3 acres within the 59.9-acre […]
The economic relationship between the United States and European Union is already the world’s largest, accounting for one third of total goods and services trade and nearly half of global […]
U.S. Commerce Department officials said progress was made to strengthen the economic relationship between the United States and Brazil, following the eighth meeting of the U.S.-Brazil CEO Forum, which […]
Chinese liner carrier COSCO has announced a general rate increase of $475 per TEU for all shipments from Far East (excluding Japan) and the India and Pakistan region to Northwest Europe and […]
UPS has appointed Cindy Miller to president of UPS Europe and Derek Woodward as president of emerging markets, effective April 30. Miller, currently president of UPS U.K., Ireland […]
The Government Accountability Office Wednesday released a report on shipping between Puerto Rico and the United States and possible modification of the Jones Act requirement that vessels participating in […]
The French liner company is anticipating similar profitability despite a poor economy in Europe and supply-demand equilibrium, which CFO Michel Sirat said is still “a bit shaky” for the container shipping industry.
“Halifax has been targeting this type of Asian service as part of our container growth strategy. This service plays to our port’s strengths including transit time advantages via the Suez […]
The terminal operator said higher revenue was “driven by strong growth in the Middle East, Europe and Africa region representing our ability to improve revenue from both our container and non-container operations.”
With an eye to recent political upheaval in Egypt, the latest edition of Drewry’s Container Insight Weekly contains a detailed analysis of what might happen to the container shipping […]
Crowley Maritime Corp.’s liner services group will now offer shippers a second weekly southbound sailing from Port Everglades, Fla., to Nassau, Bahamas, starting Saturday, March 23. The new […]
The National Shipping Co. of Saudi Arabia (Bahri) will add the Port of Jacksonville to its liner service schedule. The carrier’s newly built multipurpose vessel Bahri Abha will make its […]
DHL Express has increased its cargo capacity by 30 percent in Penang, Malaysia, with the introduction of its new A300 freighter service. Almost 61 percent of the exports from […]
Hanson Logistics, a St. Joseph, Mich.-based temperature-controlled warehouse provider, has started the third phase of its Chicago consolidation center, located in Hobart, Ind. The expansion is part of […]
The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service has recently amended its regulations to allow the import of fresh bananas from the Philippines to the U.S. […]
Data2Logistics, a supply chain information technology solutions provider, has launched its Shipper-Industry Benchmarking Program, providing a consultative review of a company’s freight shipping costs, comparing findings with industry benchmarks […]
Liner carriers Zim and Hapag-Lloyd both announced today that they were postponing or canceling containership orders. Zim said it had reached an agreement to immediately cancel orders for […]
Members of the CKYH – Green Alliance of container liner companies (COSCON, “K” Line, Yang Ming, and Hanjin Shipping) said Tuesday they will restructure their current Asia-U.S. East Coast loops, […]
Hapag-Lloyd said it had a net loss of 128 million euros ($166 million) in 2012 compared to a net loss of 28.8 million euros in 2011. The German carrier also […]
Liner carrier Zim will participate in three G6 services to U.S. East Coast. Zim, which has been jointly operating the SCE service with the Grand Alliance between Asia […]
The Business Development and Economic Relations Working Group of the U.S.-Russia Bilateral Presidential Commission on Monday reached agreement on an Action Plan for 2013-2014. The plan will serve […]
Chandra Brown has joined the U.S. Commerce Department as deputy assistant secretary for manufacturing. In this role, she will be responsible for identifying factors affecting competitiveness and barriers […]
French liner carrier CMA CGM said it had a net profit of $361 million in 2012 compared to a loss of $5 million in 2011. Consolidated revenue rose […]
After just a month and a half on an eight-week rotation, the ocean carrier Maersk Line has once again increased the speed of its weekly FM3 service between Asia and the […]
After two and a half months on a 10-week rotation, the ocean carrier Maersk Line has removed one of the two vessels added to its weekly Asia-to-South Africa Safari […]
Express carrier UPS has acquired the 49 percent interest that VN Post Express had in a joint venture, giving the company 100-percent control of its operations in Vietnam. […]
Echo Global Logistics, a Chicago-based provider of transportation and supply chain management services, has acquired Open Mile, a truckload brokerage headquartered in Boston. “Open Mile has developed leading […]
Hiab, part of Cargotec corporation, has received 1.4 million euros ($1.8 million) in funding from the European Union for a three-year research project with three universities in Poland and […]
The G6 Alliance, which announced earlier this year that it would expand beyond the Asia-Europe trade lane, has revealed port rotations for six services between East Asia and the U.S. East […]
“K” Line has not yet decided if it will own the ships or charter them from another company. “There are several options but our basic idea is to create an […]
The Shanghai Container Freight Index (SCFI) for exports from China jumped sharply last week. The overall SCFI rose 13.1 percent to 1,231.31, while the index for cargo moving to Europe was […]
Maersk Line’s Triple-E container ships will star in their own television mini-series. The shipping company said the Discovery Channel will broadcast a six-part series on the construction of […]
Friday, March 15, marked the one-year anniversary of the entry into force of the U.S.-South Korea free trade agreement and, so far, the White House is pleased with the results. […]
Commissioner William P. Doyle said the G6 Alliance will deploy more than 50 ships in the transpacific trade, with three strings through the Panama Canal and three through the Suez Canal, […]
Soren Skou, Maersk Line CEO, said if there’s insufficient demand by shippers for transport when its 18,000-TEU ships enter service later this year between Asia and Europe, the company will […]
The Japanese government announced it intends to join the Trans-Pacific Partnership negotiations. The TPP is a free trade agreement currently under negotiation between 11 countries, including Australia, Brunei Darussalam, Canada, […]
The Southern California ports of Long Beach and Los Angeles reported strong growth in cargo volumes in February, but noted the sharp increase may be due in part to […]
An effort by the state of Delaware to attract private investment in the Port of Wilmington has stalled. In a letter to Alan Levin, director of the Delaware Economic […]
China Shipping Terminal has signed a memorandum of understanding with to purchase a 24-percent share of APM Terminals Zeebrugge. The transaction is scheduled to be finalized by the […]
Evergreen Line will team up with Hanjin and Simatech to launch a new service linking the Indian Subcontinent, Persian Gulf and East Africa from late March. Four 2,500-2,800 TEU vessels […]
