Tan Hua Joo also asserts that carriers are downplaying their scrubber strategies as they tell customers they must recover the higher fuel costs.
Mao Sun and Xing Er were flown from China to Denmark and then transported by truck to their new home.
The airline also had revenues grow by 13 percent to its strongest performance in five years.
The Taiwanese shipping company said it will have 14 new 11,000-TEU containerships that all are IMO 2020 compliant delivered between 2020 and 2022.
Head of Israeli maritime security firm Naval Dome says the “maritime sector is being targeted by highly motivated cyber criminals.”
Executive orders aim to foster oil and gas permitting, but Trump’s own trade policies also put kibosh on rapidly growing export markets.
The board of directors for the company, which is being acquired by DSV, also proposes that no dividends be paid to shareholders in 2019.
Claus Hemmingsen will leave the company with the closure of the Energy division, set to take place by the end of June.
Keelung, Taiwan-headquartered ocean container carrier Yang Ming has announced that it signed charter agreements on April 10 for four box ships of 11,000 TEU with ship-owning specialist Shoei Kisen Kaisa of Imabari City, Japan.
The requirement is part of a package of amendments under the revised annex to the IMO’s FAL Convention adopted in 2016.
Despite a 4.7 percent year-over-year decline in cargo movement, the port still recorded the second-busiest first quarter in its history.
ONE CEO Jeremy Nixon says the growing number of typhoons is “creating disruptions to vessels passing up and down within Asia.”
Could this be the year ocean carriers get shippers to pay up? It may be if they want a ‘get-on-the-boat rate’ and not just a ‘paper rate.’
Fincantieri Bay Shipbuilding is tapped to build the first U.S.-flag bulker for the Great Lakes trade in more than 35 years for Interlake Steamship Company.
Drewry’s white paper predicts, if the tariffs are imposed, a rush of U.S. imports of finished vehicles and auto parts in 2019 before declines in 2020 and 2021.
Keppel Offshore & Marine has secured a grant of up to $1.48 million for the vessel, which is expected to be finished in the fourth quarter of 2020.
Maersk Growth invests in Australian start-up, IncoDocs, that will automate the documentation process for small to medium trading companies.
The committee is made up of 35 voting members representing surface transportation users and providers and 14 nonvoting members from federal departments and agencies.
The Monica Wooden Center for Supply Chain Management & Sustainability at the University of South Florida will help “keep the United States at the forefront of this industry.”
Mike Wilson and Don Stephen are tapped as chief executive officers and Neil Dursley is named chief commercial officer.
The French shipping giant plans to delist CEVA from the Zurich Stock Exchange and set up an operational center in Marseilles.
CMPort said revenue grew by 16.9 percent and throughput climbed 6 percent year-over-year in 2018.
Outlook for U.S. container imports back to normal levels after 2018’s pre-tariff front loading, but with this administration, you never know.
The Hapag-Lloyd containership was verified as the source of tar balls located in a New York park, according to the Unified Command.
Australian mining giant Rio Tinto has admitted that there was a fire that damaged some of its iron ore export facilities at the port of Dampier last weekend. This story also includes a production losses update, a current cyclone weather update and an iron ore market analysis.
With new backing from Microsoft, start-up readies for technical and geographic expansion of optimization services for shipping assets.
Monthly retail imports are expected to grow to nearly 2 million TEUs in August, which would be the most since October, according to the monthly Global Port Tracker.
EXCLUSIVE: a fire at the Port of Dampier has seriously damaged iron ore miner and exporter Rio Tinto’s facilities. Iron ore exports from Dampier are likely to be severely disrupted. Iron ore prices will come under pressure, sources say, adding that dry bulk rates will “fall through the floor”.
The startup uses machine learning and AI to help ocean shipping companies optimize fleet performance and reduce fuel emissions.
Australia’s maritime officials are keeping a wary eye on the oceans around north west Australia as Cyclone Wallace menaces the Pilbara-region coastline. The harbour master for Port Walcott directed that the port be cleared. However, it was a narrow miss for iron ore export facility, Port Walcott, as the cyclone swerved away. And so the harbour master cancelled the direction to clear the port. Iron ore exports are, nonetheless, likely to disrupted. But it’s not over yet as, to the north east of Wallace, a “tropical low” is threatening to build up into a cyclone too.
The third annual survey by Drewry and ESC found shippers and freight forwarders were least satisfied with the clarity of prices and surcharges.
Shipping conglomerate looking to find its focus as other shipping companies have already focused on core businesses.
The Office of Foreign Assets Control added sanctions against two shipping companies and their vessel for transporting crude oil from Venezuela to Cuba.
To date, only three ports — Miami, Colombo and Hong Kong — have announced plans to form alliances.
Bertrand Schmoll is elected to board and Dean Milcos is promoted to CFO.
Also in this week’s report: an ExxonMobil recommendation might be problematic for truckers; paying somebody to take natural gas away
Ports operator Cosco Shipping Ports (CSP) (HKEX: 1199) has agreed to build a 254,000-square metre (2,690,978-square feet) logistics park in the city-agglomeration of Guangzhou, which has a regional population of at least 64 million people. Guangzhou is one of the world’s busiest box ports with a throughput in 2018 of 21.92 million twenty-foot container equivalents (TEU).
Oscar Thwin, Todd Naramore and Jerry Critchfield all are named vice presidents.
The 3,504-TEU CMA CGM Fort de France is the first of four vessels in the company’s new dedicated fleet to the French West Indies.
The Owner-Operator Independent Drivers Association, which was among the plaintiffs of the class action suit filed last year, said it will appeal the ruling issued Thursday.
Pre-tariff front loading to the U.S. and seasonal slowdown contribute to weakness in ocean freight rates from world’s largest exporter.
Chairman Michael Khouri told Senate Commerce Committee members that the agency is concerned how ocean carriers will pass IMO bunker requirement costs onto shippers.
Cosco Shipping Logistics, JD Logistics and Orient Overseas International Ltd. (OOIL) indirect subsidiary “Gold Talent” have inked a complex joint venture deal to fund online international supply chain platform Eshipping with, ultimately, US$44.7 million of capital.
By sharing space and adding detection technologies at nine international mail facilities, the two agencies aim to stop more opioids and counterfeit drugs from entering the U.S.
Oil giant ExxonMobil (NYSE: XOM) has announced a multi-billion dollar upgrade of its Singapore integrated manufacturing complex to convert more fuel oil and other “bottom-of-the-barrel” crude products into higher value lube base stocks and distillates. The upgrade will also increase the capacity of the facility to produce an extra 48,000 barrels per day (b/d) of low-sulfur fuels to meet the International Maritime Organization’s 0.5 percent sulfur regulation (IMO 2020), which goes into effect on January 1, 2020.
In 2018 “logistics had to focus on the discipline of scarce resources management,” says CEO Bernhard Simon.
Drewry study finds lots of capacity at U.K. ports and feeder ships that could help out if the Port of Dover becomes jammed.
The transaction, announced on March 21, gives Noatum Logistics the largest international presence among Spanish logistics companies, the company said.
Investigators say Clayton Virgil Hall continued to operate his vehicle despite failing multiple controlled substance tests and never completing the return-to-work program.
The nominations of Heidi King to be the NHTSA’s administrator and Ann Marie Buerkle to be the commissioner of the CPSB were among the seven picks OK’d by a 14-12 […]
Subsidiary of CBX Global has opened four offices in China to provide solutions to customers’ varied problems.
The agreement comes less than a year after The Jordan Company bought GlobalTranz from a group of investors that included a Providence affiliate.
“All southern ports are working the same,” the Laredo Licensed U.S. Customs Brokers Association said in regard to lane reductions for commercial traffic at ports of entry.
The joint venture, which will be established in Shanghai with an initial investment of $38 million, will invest in online logistics platform E-Shipping.
More refiners make pledges to supply market for IMO-compliant fuel, but if those efforts fall short, diesel may be next best option.
ICS executive says “clouds of protectionism and slowing growth in key economies mean that the avoidance of over-ordering is now more important than ever.”
Terms of the deal were not disclosed, but the founder of the Idaho-based company and its existing management team will maintain a significant ownership in the company.
A federal indictment says fraudulent accounting practices between 2014 and 2017 resulted in a $245 million loss to shareholders.
Brisbane, Australia-based construction company Watpac has been contracted to provide design, engineering and construction services to EPIK, a South Korean liquefied natural gas (LNG) developer for the construction and placement of a floating storage regasification unit (FSRU) at the Port of Newcastle in New South Wales, Australia. Watpac is a subsidiary of Belgian multi-disciplinary engineering company, Besix.
Spanish logistics provider ChainGO Tech has joined the Blockchain in Transport Alliance. Read why the company joined the Alliance and what it hopes to achieve with its membership.
Head of its former energy business departs as almost all of the oil-related businesses are now separated from container ship giant.
Chairman makes mea culpa on previous energy bets as he pledges the focus will be making container shipping simple and easy.
Australia’s Competition and Consumer Commission (ACCC) has handed out a smack-down to the three main longshoremen companies in Australia, which were using their oligopoly market power to impose unfair terms on trucking companies. The stevedoring companies involved are DP World Australia, Hutchison Ports Australia and Victoria International Container Terminal.
DHL unit to enter a big auto supply chain business at Charleston.
Auto sales are declining, but the National Automobile Dealers Association still expects strong sales for 2019, plus the one area where Amazon is losing and opposition to Canada’s carbon tax grows.
The McCain Foods subsidiary said the acquisition of A&S Kinard and Buckler Transport will propel it into the top 10 North American suppliers of dedicated truck services.
Navis Smart will allow customers to take advantage of artificial intelligence and machine learning.
The two intra-European transport brands will operate under the Containerships brand.
As the 2018 import overhang lingers for a while, box ship rates may also suffer.
The airline plans to increase to a twice-weekly frequency at Rickenbacker International Airport, which moved more than 5,000 tons of cargo for the carrier in 2018.
The Arizona-headquartered freight broker has made nine acquisitions since January 2017.
The Maersk subsidiary said it will focus on its container business, although the RAO Tankers business unit is not included in the sales agreement.
Major Australian miners BHP and Rio Tinto have both revealed that they were adversely affected by the recent category four Cyclone Veronica and that they have suffered iron ore production losses.
Global mega-box port operator China Merchants Port Holdings recorded a 6 percent increase in its world box throughput in 2018 compared to the year before. The Hong Kong Stock Exchange-listed port operator revealed its throughput details while disclosing that it had generated revenues of HK$10.16 billion (US$1.29 billion) in its annual report.
Ports, logistics and finance conglomerate China Merchants Port Holdings announced a massive jump in operating revenues and a rise in profits for the year ended December 31, 2018. Hong Kong Stock Exchange-listed China Merchants, which operates box and bulk ports primarily in China but also around the world, reported revenues of HK$10.16 billion (US$1.29 billion). That’s a 16.9 percent increase on the previous calendar year’s figure of HK$8.7 billion.
The sale of Gioia Tauro, the last remaining major transhipment hub to be operated by an independent terminal company in the Mediterranean, has been agreed today and is now subject to regulatory approval.
OOIL fleet boosts Cosco’s volumes and revenue, but rates were stagnant and high finance costs push profit lower.
Online retailer and supply chain services provider is expected to increase its ownership in Atlas Air and ATSG, with stock offerings that accompany additional plane leases.
DSV will acquire Panalpina in an all-stock deal to create the world’s fourth-largest freight forwarder.
EIA still sees no uniform international policy on how the IMO 2020 regulation will be enforced.
Shipowners and marine insurers are asked to look at vessel locator data to avoid sanctions fines.
Lack of buyer interest means offshore support vessel service will remain on Maersk’s books for foreseeable future.
Maersk appoints longtime employee Doug Morgante as VP of North American government relations; Marc Papenhoff joins InstaFreight as director of business development.
The German liner carrier is still assessing the cause of its containership’s punctured hull at the Global Marine New York Container Terminal.
Complaining about service quality, the shipper group says the current regulation that allows vessel sharing “does not fulfill its own objective” and should be amended or repealed.
Funds will be used to repay debt and for capital expenditures, mainly on vessels.
One of the biggest terminals on the west coast is showing better results after multi-year automation project as final auction nears.
The Coast Guard will require ships arriving from ports in the Seychelles to include an additional layer of security during their time in U.S. ports.
A major iron ore export port with 185 million tons iron ore capacity on Australia’s north west coast has been absolutely clobbered by the recent category four Cyclone Veronica, FreightWaves can exclusively reveal. Port Walcott’s operational ability is down by nearly 90 percent. Rio Tinto has declared force majeure to its customers. Major miner, Rio Tinto, which operates the port, is mostly staying silent. Dry bulk freight rates are likely to be hit, dry bulk sources say.
The 23,000-TEU ships, which are being built at Daewoo Shipbuilding and Marine Engineering, are among the 20-ship order made by HMM last year.
The surge in imports as shippers “pulled forward” cargo in December is reverberating into this year and has set a high bar that will be hard to match in late […]
The moves include a new vice president of customer care, chief transportation officer, acting chief executive and port director, board chairman, and global head of ocean procurement and tradelane management.
Sen. Susan Collins criticizes the president’s Transportation Department budget for offering “no path forward after the FAST Act expires.”
Italy’s buy-in on major project boost China’s place in world maritime trade, but Western powers decry what some call ‘vanity project.’
Washington insiders say maritime cyber attacks in the U.S. and around the world lack attention and funding.
CEO Frank McGuigan promises “a collaborative, high-tech workspace that attracts high-potential talent and is a place where employees can thrive.”
Scott Parker will succeed Art Garcia, who is retiring at the end of April.
TransX’s business includes truckload, LTL, intermodal, warehousing and freight forwarding, will continue to be based in Winnipeg, Manitoba, and operate independently.
The South Korean liner carrier’s announcement does not mention former leader C.K. Yoo, who told employees he was resigning in February.
Hapag-Lloyd is still working on a solution to transship the damaged containers to customers.
