Shipping

The effects of the South Korean carrier’s decision to file for court receivership at the end of August is being felt widespread across thousands of businesses throughout the world.

   Danish conglomerate A.P. Møller-Maersk is probably best known as the parent company of the world’s largest container shipping company, Maersk Line; the world’s third largest container terminal operator, APM […]

   The need for strict adherence to the terms of a letter of credit was made painfully clear in a recent federal appeals court decision to uphold a district court […]

Terrorism’s long view    American Shipper’s editor, Christopher Gillis, makes timely and cogent points in his August editorial about the need for continuing vigilance of security within international supply chains. […]

   Liner carriers’ obsession with ever-larger containerships in recent years left them fat with capacity during a persistently ho-hum global market and thus desperate to fill their vessels. For shippers […]

The Shanghai Containerized Freight Index fell 7.6 percent from last week to a reading of 794.10, as the short-term boost spot rates experienced in recent weeks from Hanjin filing for […]

The recent declaration of bankruptcy by South Korean ocean carrier Hanjin Shipping is a symptom of what ails the container shipping industry, not the cure, as some analysts seem to […]

In addition, the port authority’s commissioners approved a $3.4 million contract with Hatch Associates Consultants to develop a long range maritime master plan for future growth.

The World Trade Organization ruled in favor of the United States in a long, drawn out dispute with the European Union and four of its member countries over subsidies to […]

APM Terminals appointed A.P. Moller Shipping Services Chief Executive Morten Engelstoft to succeed current CEO Kim Fejfer, who will be taking up a new role at APM Holding A/S, according […]

Thirty-five of the 97 containerships operated by the now insolvent South Korean ocean carrier have completed cargo unloading, Korea’s Yonhap News Agency reported Friday.

At only 10 years old, the 4,530-TEU Viktoria Wulff, owned by Erste RHW Schiffahrts and flagged in Liberia, is the newest containership so far this year to have been sold […]

Sealed Air Corp. chose XPO Logistics to manage its warehouse in Sturtevant, Wis. effective Jan. 16, 2017, with UTi Integrated Logistics ceasing operations at the facility Jan. 15.

Meanwhile, at its London Heathrow hub, IAG Cargo is establishing a new freight facility, which is set to commence operations in 2018 and will be twice the size of its […]

The Port of New Orleans elects board chairman, while CHA Consulting names head of Transportation Group.

   The U.S. Federal Maritime Commission has received 37 ocean transportation intermediary license applications and changes for review.     The FMC received non-vessel-operating common carrier license applications from A-Logixtic Group, Houston […]

The U.S. Federal Maritime Commission has received 37 ocean transportation intermediary license applications and changes for review.

The U.S. Federal Maritime Commission has received 37 ocean transportation intermediary license applications and changes for review.

Meanwhile, the Port of Oakland said the softening of the U.S. dollar has resulted in an increase in the port’s loaded export volumes, which rose 8.8 percent year-over-year for the […]

Following the recent collapse of Hanjin Shipping, “there will be a wave of consolidation” in the industry and CMA CGM could participate even after its recent purchase of APL parent […]

According the Associated Press, the U.S. Treasury’s Office of Foreign Assets Control has granted permission to Boeing and Airbus to export commercial aircraft to Iran.

The firm’s maritime investment subsidiary will sell a portfolio of eight 8,500-TEU container vessels to an unnamed Asian finance syndicate, which plans to continue to use the ships for charter […]

Six armed men boarded the 1,708-TEU containership Windhoek yesterday while it was at anchor in West Africa, stealing money and valuables before fleeing the scene, according to a report from […]

MacAndrews and OPDR will acquire 4,000 new 40-foot pallet wide high cube containers.

The master developer and regulator of ports and industrial zones in Abu Dhabi saw a boost in net profits and revenues for the first half of 2016, and the amount […]

The air cargo space wholesaler opened a new office in Miami, which will handle local cargo, as well as transshipments from its global network on their way to South America.

The global real estate services firm has been named the exclusive leasing agent for a 244,000-square-foot warehouse in Jacksonville’s Southside submarket.

The Danish conglomerate said one division will focus on transport and logistics, while the other division will focus on energy.

The Danish conglomerate said one division will focus on transport and logistics, while the other division will focus on energy.

The Memphis, Tenn.-based integrator posted a net income of $715 million on revenues of $14.7 billion for the first quarter of fiscal year 2017, which ended Aug. 31, year-over-year increases […]

Edward Greenberg, the association’s general council, said the Federal Maritime Commission’s revision would offer “much needed flexibility” to non-vessel-operating common carriers when including rate and surcharge changes in their service […]

The Oakland International Container Terminal decided to make night gates permanent, financed through a $30 fee on all loaded import and export containers through the port.

In addition, the private equity firm launched a fully-owned subsidiary to manage shopping centers in India, focusing on turning around underperforming malls in the country.

The seasonally adjusted For-Hire Truck Tonnage Index equaled 141.8 for the month, up 5.7 percent from July and 5.9 percent compared with August 2015, following a 2.1 percent decrease the […]

Shipment volumes in August 2016 were relatively flat from the previous month, but expenditures slid 3.3 percent, while both were well below 2015 levels, according to the latest Cass Freight […]

The Greenbrier Companies, Inc. names president for Greenbrier International, while Transervice Logistics appoints New England business development director and Hoyer picks new Chemilog director.

The National Retail Federation, along with a coalition of 120 retail, manufacturing and agriculture groups, sent a letter to U.S. Secretary of Commerce Penny Pritzker asking her to continue to […]

The pilots of cargo plane operator Atlas Air Worldwide Holdings told the company they have “serious concerns” with the way a proposed contract with online retailer Amazon is currently being […]

The Memphis, Tenn.-based integrator’s subsidiaries – FedEx Express, FedEx Ground and FedEx Freight – will increase shipping rates Jan. 2, 2017.

The New York State Department of Environmental Conservation has informed Global Partners an air quality renewal permit for its oil terminals at the Port of Albany, approved more than four […]

The Cedar Rapids, Iowa-based trucking company has appointed Hugh Ekberg as group president and chief operating officer.

The Lonsdale Consortium, which comprises the Future Fund, QIC, Global Infrastructure Partners and OMERS, agreed to pay $9.7 billion Australian (U.S. $7.3 billion) to acquire a long-term lease to operate […]

State and city authorities in New York have filed a lawsuit in federal court seeking over $872 million from parcel giant UPS for the illegal delivery of more than 683,000 […]

The international express parcel carrier opened the Jakarta Gateway 530 at Indonesia’s Soekarno-Hatta International Airport.

The Westbury, N.Y.-based non-vessel-operating common carrier opened a new office in Durban, South Africa, operating as Oceanwide Logistics SA (Pty) Ltd. (OL South Africa).

Unishippers Global Logistics names chief executive officer, while the Transportation Intermediaries Association appoints chief of staff and Wabash National picks president.

   Additional information has been provided to American Shipper by Vermeer, which clarified that CEVA is not overseeing ocean shipments from Vermeer’s global headquarters in Pella, Iowa, as was previously […]

Patrik Berglund, chief executive officer of Oslo-based ocean freight rate intelligence platform Xeneta, said Hanjin Shipping’s insolvency has “turned the market on its head,” but the real question is “how […]

A spokesperson from Hanjin told American Shipper Monday that 28 of the ships it operates have completed cargo unloading.

Guido De Ciccio, senior vice president, Operations Western Region at Canadian Pacific, is retiring after 40 years with the Calgary-based Class I railroad, CP said in a statement.

The Norwegian e-navigation technology and services firm will represent the maritime industry in the European Union’s ENABLE project, which aims to study safety issues surrounding the use of autonomous vehicles […]

The Singapore-based ocean carrier, the parent of which was acquired by CMA CGM earlier this year, will purchase slots on the French line’s Victory Bridge loop between Europe, the U.S. […]

While spot freight rates measured by the Shanghai Containerized Freight Index from China to Northwest Europe and the Mediterranean continued to rise, prices to the United States either remained the […]

The Russian cargo airline has commenced a twice-weekly Boeing 747 freighter service from Moscow to Seattle-Tacoma International Airport.

The International Longshoremen’s Association has reversed an earlier decision, and agreed to once again work ships operated by the now insolvent South Korean ocean carrier.

Exporters that rely on U.S. Export-Import Bank financing to secure large international deals are frustrated that the bank’s board currently cannot approve transactions of more than $10 million without a […]

Truckload pricing dipped another 2.8 percent for the month compared to August 2015, the sixth consecutive month of year-over-year declines, according to the latest Cass Truckload Linehaul Index.

The United States Export-Import Bank said starting Sept. 21 it will resume offering short- and medium-term financing in Argentina after being closed in the South America market to transactions for […]

United Airlines and DHL Global Forwarding will increase the number passenger services with refrigerated cargo capacity, as well as grow available cold chain storage for temperature-controlled cargoes, the companies said […]

Intermodal pricing dropped for 20th straight month compared with the prior year period, according to the latest Cass Intermodal Price Index, and analysts with Avondale Partners expect the trend to […]

Meanwhile, several ports along the Great Lakes have highlighted their success throughout the 2016 shipping season.

The airfreight carrier on Oct. 2 will commence a new direct weekly service between Luxembourg and Aguadilla, Puerto Rico for refrigerated cargo, the company said in a statement.

CEVA Logistics said it has secured a three-year contract to manage the European parts distribution for agricultural and industrial equipment manufacturer Vermeer.

The U.S. government in 2015 issued an estimated $804 million in duty drawbacks, less than 10 percent of the amount available to shippers, but upcoming regulatory changes should attract more […]

Contract orders for containerships are down 84.1 percent year-over-year so far in 2016, which is “exactly what the shipping industry needs,” according to Peter Sand, chief analyst at the Baltic […]

The typhoon caused a 14,000-TEU containership to destroy two quay cranes at the Port of Kaohsiung’s sixth container terminal after the vessel slammed into them, and local port officials believe […]

The Canadian port said it is looking into creating a breakbulk and bulk import/export terminal on Kaien Island, following the loss of breakbulk and general cargo capacity in 2007 when […]

The Singapore-listed containership owner and operator is unable to meet on-going coupon and principal payments on $100 million Singapore (U.S. $73.2 million) on 8.45 percent notes due May 2017, the […]

Despite the Port of Los Angeles reporting that August was its strongest month for container volumes since October 2006, the Port of Long Beach posted an 8.9 percent year-over-year drop […]

Aljex Software has joined with Triumph Business Capital to provide two working capital services to brokers, carriers and third-party logistics providers.

However, the Bellevue, Wash.-based third-party logistics and multi-modal transportation services company’s revenues for the fiscal year, which ended June 30, rose 55.7 percent year-over-year to $782.5 million.

Hamburg-based ship management company Hammonia Reederei sold the 3,100-TEU boxship Westphalia for scrap at a “weak” price of $240 per light displacement ton, according to a report from maritime news […]

The President of South Korea, Park Geun-hye, said corporate responsibility and moral hazards are creating adverse effects on its national economy and the government will not blindly support companies in […]

The Taiwanese ocean carriers have added new functions to their online systems in response to the unexpected service disruptions caused by Hanjin Shipping’s insolvency.

The mid-Atlantic port handled 235,511 TEUs of containerized cargo for the month, an increase of 7 percent from August 2015 and the busiest month in the port’s history, the Virginia […]

The new Copenhagen-based company LinerGrid said it uses advanced mathematical simulations to provide container lines with information in order to make decisions.

Global port terminal operator APM Terminals, a subsidiary of Danish shipping conglomerate AS Moller Maersk, will invest $40 million in cranes at the Pier 400 facility in the Port of […]

The Atlanta, Ga.-based parcel giant said it expects to hire about 95,000 seasonal employees for the holiday season.

A new Dutch Customs declaration, VENUE, will help shippers more efficiently import and export their e-commerce traffic through Schiphol.

The Omani port, which is equipped to handle the ultra-large containerships that have been entering service on the Asia-Europe trade, saw container volumes jump 29 percent year-over-year for the first […]

HACTL Development Holdings Ltd. in Hong Kong has entered into an agreement with Liaoning Airport Management Group Co. to develop a regional air cargo hub at Shenyang Taoxian International Airport […]

The German freight forwarder’s new 30,960-square-foot facility, located in Laredo’s Killiam Industrial Park near the World Trade Bridge, will become a certified foreign trade zone in October.

Dachser appoints managing director of European logistics in Germany, while FourKites names senior VP of business development.

Third-party logistics providers like Expeditors International of Washington have traditionally benefitted from disruptions in direct shipper/carrier relationships, according to a recent client note from William Blair Equity Research.

The Panama Canal will not raise tolls, even though its primary competitor, the Suez Canal, decided it will slash fees by more than half.

The Federal Railroad Administration said it has released $25 million in grants for 23 rail improvements projects in 14 states and the District of Columbia.

Union workers with the French trade union CGT is joining with other labor groups to protest a bill it says contravenes conventions of the International Labour Organisation relating to collective […]

Major container ports in the United States handled 1.63 million TEUs in July, up 3.2 percent from June and 0.7 percent from July 2015, according to the monthly Global Port […]

The container leasing company said as of Sept. 2, approximately 4.8 percent of its total owned and managed fleet, in terms of TEUs, was leased to the South Korean ocean […]

Nadeem Velani, current vice-president of investor relations at Canadian Pacific Railway, will replace Mark Erceg as chief financial officer on an interim basis, according to a statement from the company.

In addition, the South Carolina Ports Authority announced Monday its plans to develop a second inland port in Dillon, S.C. to support growth of intermodal container volumes and expand access […]

Watco Supply Chain Services has purchased BCM Logistics, a Clearfield, Utah-based provider of door-to-door intermodal services, for an undisclosed sum, according to a statement from the company.

CRST International said the Gardner acquisition will add about $400 million in revenue, along with over 2,400 drivers and 500 non-driver personnel to CRST, which already has over 8,000 company […]

RoadOne IntermodaLogistics looks to expand its operations in southern New England and business with the marine terminals at the Port of New York and New Jersey through its recent acquisition […]

Ed McCarthy, formerly the chief operating officer for CMA CGM America, has been appointed to serve as the chief operating officer for the Georgia Ports Authority.

As part of its integration with fellow state-run ocean carrier China Shipping, COSCO Holdings sold the vessels Na Xi He, Bu Yi He, Yu Gu He, Ha Ni He, and […]

The United Kingdom logistics and industrial property specialist will see Evander Properties directors Jeremy Greenland and Neil Dickinson become shareholders and take on senior leadership positions in the company, Peel […]

Combined United States carload and intermodal cargo volumes fell 5.7 percent in August despite a 24.7 percent increase in grain carloads compared with the same 2015 period, according to data […]

The so-called “Freight Shuttle System” was conceived to resolve one of freight transportation’s most pressing needs, moving goods 500 miles or less.

Jerry Moyes, founder and chief executive officer of Swift Transportation Co., said he will retire from the 50-year-old nationwide trucking firm at the end of the year.