SSA Cooper buys APM Terminals’ Charleston stevedoring unit
APMT said the Charleston business was seen as a non-core asset.
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The outbreak of the COVID-19 pandemic had a negative impact on shipping industry growth in 2020. With the world in lockdown, demand for non-essential consumer goods (and the means to ship them) decreased. Shipment of manufactured goods also decreased as factories closed in an effort to slow the spread of the virus. On top of that, China — one of the world’s largest exporters — was at the center of the pandemic, leading several countries to stop trade with the nation altogether.
According to the United Nations Conference on Trade and Development (UNCTAD), maritime shipping industry growth will likely slow or remain flat in 2023, driven by inflation and the ongoing war in Ukraine. For the overall 2023–2027 period, UNCTAD predicts growth at an annual average rate of 2.1%, slower than the previous 30-year average of 3.3%.
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APMT said the Charleston business was seen as a non-core asset.
Deutsche Post DHL Group saw net profits fall 1.4% in first quarter 2015 despite an 8.8% increase in revenues.
Combined annual revenues from the trucking industry were over $700 billion for the first time ever in 2014, according to a new report from American Trucking Associations.
Ocean carriers AAL and Peter Döhle, both specialists in multipurpose heavy-lift cargo, have entered into a global cooperation agreement.
The railway’s new Canadian terminal will connect businesses in Montreal with markets in the eastern United States
The United States and Armenia have entered into a Trade and Investment Framework Agreement.
Third party logistics services provider Yusen Logistics (Americas) has opened a larger facility at the JFK International Airport Center in Springfield Gardens, N.Y.
Worldwide Express, Inmar appoint VPs, while Troy Container Lines announces retirement of VP Gimbert.
Union says it will strike APMT’s North Pier terminal, which handles 35 percent of Peruvian cargo, starting Wednesday.
Jacksonville, Fla.-based Caribbean Shipping Services operates primarily in the Puerto Rico market, specializing in refrigerated freight forwarding.
Ports plan to submit the agreement to the Federal Maritime Commission in June.
Daewoo Shipbuilding will build more mega-ships for the Danish ocean carrier, according to recent media reports.
The ocean carrier’s new China East Coast Express 2 will connect ports in China and Southeast Asia with the United States East Coast via the Suez Canal.
The ocean carrier’s Puerto Rico facility will serve new LNG-powered con/ro vessels coming into service in 2017.
The Northern California port blamed a decline in exports on a stronger dollar.
Drivers at the FedEx Freight service center in Chicago Heights, Illinois voted to reject union representation.
The airfreight carrier will begin twice weekly flights to Charles de Gaulle Airport May 22.
Bi-National Gateway Terminal has taken a 20-year lease on 49 acres at the edge of one of the airport’s four runways, where it will construct a major cargo-handling facility.
Third party logistics services provider Pilot Freight Services has expanded to Mexico City, where it’s operating under the name Pilot de Mexico.
Steel exports increased to 896,027 net tons in March, 2 percent higher than in February, but 13.8 percent less than the same period last year, AIIS said.
The Commerce Department has released the 11th edition of its guide to assist small and midsized enterprises with exporting.
Working with other universities, the MSU center will focus on research, education and training in safety and integration of UAS into the nation’s airspace.
Sunteck and Rand Logistics name senior executives, while TIACA and Shipbuilders Council of America top off boards.
Industry analyst Hackett Associates expects volumes to increase in coming months, but freight rates to fall.
U.S. rates dropped, but transpacific carriers plan significant rate increases in June and July.
The Israeli ocean carrier introduced a second weekly service between Asia and the East Coast of South America, expanding its port coverage in the trade.
The dedicated weekly feeder service will connect ports in Vietnam, Singapore and Malaysia.
The United Kingdom’s largest container port has commissioned two new Rail Mounted Gantry cranes at its North Rail Terminal.
The container/ro-ro ship has arrived in San Diego in advance of first voyage.
Limestone cargoes on the Great Lakes reached 1.8 million tons in April, a decrease of 9 percent compared to the month’s 5-year average.
Cargotec appoints head of MacGregor business area, ISS selects Port Manager for its new Anchorage office, and TRAC names chief commercial officer.
Appropriateness of detention and demurrage charges must be addressed on a case-by-case basis, says World Shipping Council.
Members of the Transpacific Stabilization Agreement are recommending two $600 general rate increases and a $400 peak season surcharge.
Husch Blackwell’s Carlos Rodriguez says congestion related practices are unjust and unreasonable.
A half dozen senators have asked the Obama administration to issue an emergency order to improve access to information for first responders to oil train derailments.
New Piraeus-Turkey-Black Sea Express loop aims to enhance the carriers’ feeder networks via Piraeus.
The port is preparing to expand container handling facilities in accordance with growth projections for 2021.
As West Coast port congestion started easing after new dock labor contract agreement, meat shippers found it easier to export to Asian buyers.
Heavy ice on the Great Lakes slowed some vessels and delayed others in April, causing iron ore shipments to drop 15% below average for the month.
Saddle Creek Logistics Services appoints director of business development, while Purolator International names eastern district sales manager.
The containership was released early Thursday morning after Maersk provided a letter of understanding related to the underlying cargo case.
Crew on Maersk Tigris remains safe and are in good spirits, according to the Danish ocean carrier.
Grand Alliance chassis pool will be terminated and Direct ChassisLink will contribute those assets to its expanded pool.
The joint project is, in part, a response to China’s investment in Pakistan.
The Commerce Department on Tuesday reported U.S. exports of goods and services increased by $1.6 billion, or 0.9 percent, in March.
Malaysian ship owner saw operating profits fall 7.2% despite an 8.7% increase in group revenues.
The less-than-truckload holding company had $3.7 million in consolidated operating income during first quarter 2015, compared to a $32.4 million loss the previous year.
Growth in domestic container movements offset declines in trailer and ISO container volumes, according to the Intermodal Association of North America.
Transport America replaces retiring president, while CEVA Logistics selects COO of Global Air and Ocean Freight.
Agriculture Transportation Coalition urged Senate to press the FMC into taking action during a hearing Wednesday morning.
Announced on the heels of a port driver labor strike, Eco Flow will use “free-flow” to move containers out of terminals to off-dock yards.
Such an alliance could have a “competitive edge,” according to industry consultant Drewry.
Oil executive quoted as saying ship will be sold unless $10 million paid.
New Jersey Governor said he was “not unsympathetic to the merits of the bill,” but it was premature to consider withdrawal without a similar proposal in New York.
The ocean carrier benefited from better recovery of fuel costs and higher volumes in first quarter 2015.
The third-party logistics provider had revenues of $1.78 billion in first quarter 2015.
The ocean carrier expects to close on its acquisition of Horizon Line’s Alaska business in second quarter.
The carrier’s new Turkey Israel Express Service will connect the ports of Damietta and Port Said in Egypt with Mersin, Turkey and Haifa, Israel.
The stevedoring and ocean freight company’s new vessel Marjorie C can carry both containers and roll-on/roll-off cargo.
The truckload freight and logistics provider had net profits of $21.8 million in first quarter 2015.
Industry icon Joe Brunson founded the Winnsboro, Texas-based freight forwarder Team Worldwide in 1979.
The railroad will invest $4.2 billion across its network this year for track maintenance, signal systems and road and bridge repairs.
International Association of Ports and Harbors elects Americas region VP, while GAC appoints executive group vice president of Oil and Gas.
Ocean carrier Maersk Line says it has not yet received court judgment pertaining to the arrest of the containership by Iranian authorities.
The proposal, which modifies the pricing structure for dry bulkers, LNG and LPG vessels, will be implemented along with a customer loyalty program.
Suez Canal emergency response boats help put out the fire on a 13,102-TEU Hanjin vessel.
The airfreight carrier reported net profits of $3 million for the year on revenues of $2.1 billion in its yearly financial statements.
UPS appoints new global sustainability director, while Port of Prince Rupert adds board member.
U.S. Naval Forces Central Command has begun accompanying U.S.-flagged maritime traffic in the Strait of Hormuz.
Acquiring the Norwegian bulk liquid transport and logistics service provider will allow HOYER to expand its petroleum solutions business in Northern Europe.
Most ships should proceed to berth immediately or within a few days, according to the Marine Exchange of Southern California.
Ocean carrier China Shipping reported a nearly 306% year-over-year increase in net profits during first quarter 2015.
The railway reported net income of $310 million on total operating revenues of $2.6 billion in first quarter 2015.
CEO Steve Gunning said IAG will continue to explore asset light transportation solutions in 2015.
American Airlines Cargo will introduce services to Edinburg and Glasgow, Scotland, and Shannon, Ireland, in early May.
The third party logistics provider has started construction on a new 166,000 square-meter DC complex in Truganina, west of Melbourne.
The LTL carrier said the 64 new liquefied natural gas tractors will join its operation in Harrisburg, Pa.
Antwerp-based foodcareplus will provide a refrigerated less-than-containerload consolidation service for seafood products from Canada to Europe.
The railroad’s investment in the state will cover track maintenance, signal systems and road and bridge repairs.
Most businesses report minimal impact, despite claims from driver groups that the strike is causing “massive disruptions.”
Department of Transportation Secretary Anthony Foxx gave Marine Highway designation to projects on the Mississippi River, New York Harbor, and the Potomac River.
Container throughput at the port was up 2.3% year-over-year for first quarter 2015.
The port terminal operator reported 10.5% growth in operating profits despite an 8.3% dip in revenues for first quarter 2015.
The trucking company increased earnings per share 25% year-over-year, but still fell short of analyst estimates, according to investment advisor Stifel.
The South Korean government plans to add 15 berths to its Busan New Port to increase its container capacity by 15.8 million TEUs.
Nearly 1,000 new VW Jettas, Beetles and Golfs arrived at the port Wednesday.
The 3PL’s facility, located five minutes from the Portland International Airport, now includes a total of 154,675 square feet of space and 51 dock doors.
The new facility, which includes room for an additional 120 pallet spaces, will cater to increasing volumes of pharmaceutical and biotech shipments.
Ocean carriers NYK and “K” Line reported improved financial results, while MOL’s loss widened.
Roadrunner, Matchback Systems and Great Lakes Towing make executive and director-level appointments.
Maersk Line said the containership was fired upon and seized because of a dispute over 10 containers transported a decade ago.
Report from bond rating agency Moody’s predicts “minimal impact” to U.S. East Coast volumes when the expanded waterway opens next year.
Freight forwarding and logistics subsidiary CMA CGM LOG plans to expand into a dozen countries this year.
The third-party logistics provider had a net income of $106.48 million on revenues of $3.3 billion in first quarter 2015.
The French port increased total throughput 6.9% year-over-year in the first quarter, driven by strong growth in container and crude cargoes.
Vacancy at cargo facilities in proximity to the nation’s leading airports is low, driving up rents for those who use the space, according to a report from market analyst JLL.
The Port of Long Beach has completed the final environmental impact report for the Mitsubishi Cement facility modification project.
Number of ships at anchor has dropped from 28 on March 14 to one or none.
Rickmers, which manages the ship for Maersk said Iranian navy fired “warning shots” at Marshall Islands-flagged Maersk Tigris.
Los Angeles Mayor Eric Garcetti’s office says there are “plenty of trucks and drivers.”