“This initiative is charged with bringing together federal resources to help rural businesses and leaders take advantage of new investment opportunities, and access new … markets abroad,” the White […]
The proposed contract largely deals with work on automobile, cruise and forest product ships. A six-year master contract for working container ships was approved by the union last year.
The Port Authority of New York and New Jersey says construction to raise the roadway of the Bayonne Bridge is “well under way and continues to accelerate at a […]
Opponents of the practice of the demolition of old ships on beaches in Southeast Asian countries took their campaign to the headquarters of the German Shipowners Association in Hamburg […]
Tropical Shipping, a specialist in moving cargo to destinations in the Bahamas and Caribbean, had flat operating earnings in the fourth quarter, but a 50-percent increase in earnings before […]
Li & Fung said it is establishing a vendor-support services business unit to enhance factory and worker safety, raise standards, and improve operational efficiencies in its global supply chain. […]
MOL has confirmed press reports that it has filed a lawsuit in Tokyo against the shipyard Mitsubishi Heavy Industry over the break-up and eventual sinking of the containership MOL […]
A reauthorization bill for the U.S. Coast Guard introduced on Thursday includes provisions that its authors say will help strengthen the U.S. Merchant Marine and proposals that they say […]
The U.S. trade deficit also improved $63.1 billion from the past year to $471.5 billion. Merchandise exports to the 20 economies that have trade agreements with the United States […]
The U.S. Export-Import Bank said it’s now open for business in Burma to help finance short-term and medium-term U.S. export sales. “After a diligent review, the bank’s board […]
“Liner shipping is becoming less and less reliable as operators ignore service standards in the rush to cut costs. The bad news for shippers is that the situation is […]
American Roll-on Roll-off Carrier (ARC), the largest U.S.-flag ro/ro carrier, recently delivered 29 Abrams tanks and 33 Bradley fighting vehicles to the port of Bremerhaven, Germany. The Abrams […]
The agency said its proposed a rule would require certain shippers, receivers, and carriers who transport food by truck and rail for either human or animal consumption take steps to […]
Question: What agency has the most significant role in protecting U.S. commerce from infiltration by drug smugglers, terrorists, thieves and even pests and harmful products? Answer: Customs and […]
This recent research is considered one of the largest real-world studies ever conducted with commercial truck drivers, and included 106 participants, 1,260 days of data and nearly 415,000 miles of […]
The General Accountability Office recommended the transportation secretary, in consultation with the maritime industry, study and identify any potential problems in ensuring that U.S. mariners are adequately trained to […]
Drewry said as containerships get larger, carriers appear to favor skipping voyages rather than laying up vessels as a means to control capacity. “Whilst the number of vessels […]
The credit agency Moody’s says the U.S. port industry has a negative outlook because container-volume growth will lag behind the historic norm, putting pressure on the industry’s biggest customers. […]
A chemical tanker collided with COSCO’s containership Fei He on Jan. 29 while arriving in Singapore from Tanjung Pelepas. COSCO said the ship sustained damage to the portside […]
Kuehne + Nagel has extended its logistics provider partnership with SAS Scandinavian Airlines (SAS Technical Operation) for another three years. K+N’s Copenhagen airport office provides door-to-door logistics services […]
Panalpina did not disclose the identity of the company, but said it is now managing the assembly of semi-knocked down units for base stations at cell phone towers.
The Port Authority of New York and New Jersey confirmed a report that it is “considering all options for the future of ExpressRail, including its future privatization.” ExpressRail is […]
AutoInfo, Inc., the parent company of Sunteck Transport Group and E-Transport Group, will become Sunteck, effective May 1. As part of the re-branding initiative, the capacity division, which […]
A little more than two years after Maersk Line Ltd. and Rickmers-Linie (America) Inc. formed a joint venture to provide breakbulk and project cargo shipping with two U.S.-flag, multi-purpose […]
C.H. Robinson has opened an office in Innsbruck, Austria. The new office will help the company expand its European road transport services. Chucko Beslic, a nine-year transportation industry […]
The trade association warned, if left unchanged, the Renewable Fuel Standard volume requirements would “significantly damage the nation’s growing biodiesel industry and adversely impact soybean growers.”
The trade data firm Panjiva said a survey of 100 of its users found about two thirds of them optimistic or very optimistic about the economic outlook in 2014.
U.S. steel imports fell by 3.5 percent in December 2013 compared to the previous month based on a preliminary review of government data by the American Institute for International […]
A new container terminal capable of handling 800,000 containers annually was dedicated at the Port of Mariel on Monday. Both Raul Castro, president of Cuba, and Dilma Rousseff, […]
The Baltimore Sun has reported that a federal arbitrator ordered a local of the International Longshoremen’s Association to pay about $3.8 million in damages after a three-day strike in […]
Hub Group said it had a profit of $69.1 million in 2013, compared to $68 million in 2012. Revenue was $3.4 billion in 2013, compared to $3.1 billion in […]
Matson said it has issued $100 million in 30-year final maturity senior unsecured notes pursuant to a previously announced private placement on Nov. 6, 2013. It said proceeds […]
DSV has launched an intermodal service between Turkey and the UK. One service offers departures three times a week direct by rail from Halkali train terminal in Istanbul […]
Members of the Transpacific Stabilization said they will seek further rate Eastbound rate increases in March and May, seeking to “build on the momentum” of a $300 per 40-foot […]
The use of alternative fuels beyond LNG will be adopted by more than 20 percent of shippers, according to a report released by DNV GL. “While LNG is […]
CMA Terminals, a wholly-owned subsidiary of the CMA CGM Group, will acquire a 25-percent share of ICTSI’s Lekki International Container Terminal Services LFTZ Enterprise (LICTSLE) in Nigeria, 37 miles […]
Hanjin Shipping said Tuesday that it had a net loss of 680.2 billion South Korean won ($631 million) and an operating loss of 242.4 billion won ($225 million) in […]
The Port of Hueneme has extended a contract with Global Auto Processing Services (GAPS) through Jan. 31, 2019. This is the fifth modification of GAPS contract since it first […]
Following last year’s spill of molasses from a pipeline in Honolulu Harbor, state legislators in Hawaii are suggesting that fines or settlements go into a fund to be used […]
It appears that the container shipping industry finished 2013 with strong container volumes. The Container Throughput Index of the Rhine-Westphalia Institute for Economic Research (RWI) and Institute of […]
China Shipping issues profit warning
China Shipping Container Lines has issued a profit warning to its shareholders. The liner company said Monday that based on a preliminary estimate by its finance department, it […]
The parent company of OOCL provided an early peek at what the end of 2013 might have looked like for the container industry as it released an unaudited fourth […]
By sharply reducing its debt and continuing to reduce expenses, container carrier Zim believes it will be able to stay on course, even if the container shipping industry continues […]
DP World said it has begun using a spreader bar on one of the cranes at its London Gateway terminal that is capable of lifting four 20-foot containers or […]
The competency of the crews is a major advantage of using the U.S. flag fleet when shipping goods around the world, but cost is a major drawback, according to […]
In a filing with the Tel Aviv Stock Exchange and Israel Securities Authority, Zim’s parent company Israel Corp. outlined a “term sheet” for a financial restructuring of the container […]
Hapag-Lloyd said it has signed a memorandum of understanding with the Chilean container shipping company CSAV about combining the container shipping operations of the two companies.
Opponents of a fee charged by the Port Authority of New York and New Jersey on cargo moving through the port are halfway toward their goal of having it […]
Seago Line will open a direct weekly call from Aarhus, Denmark, to St Petersburg, with the first call scheduled for Jan. 25. The service will depart on Saturdays […]
“This significantly younger fleet, combined with the fact that the P3 carriers will deploy significant larger vessels than the G6 carriers, means that the P3 alliance will have substantial lower […]
Car Carriers Investment AS, a 50/50 joint venture between a subsidiary of Klaveness Marine Holding and a subsidiary of J.P Morgan Global Maritime Investment Fund, intends to start a voluntary […]
Canada’s St. Lawrence Seaway Management Corp. (SLSMC) said the waterway saw a surge in ships carrying grain in December, but volumes were lower on the waterway in 2013 than […]
The ports of Seattle and Tacoma said last week that they have filed a discussion agreement with the Federal Maritime Commission that will allow them “to gather and share […]
The Global Shippers Forum, which includes the U.S. National Industrial Transportation League as one of its members, wants the block exemption for the liner shipping industry in Europe, which […]
FMC says it will carefully review the proposed P3 Network and G6’s expansion. Last month the U.S. Federal Maritime Commission requested additional information about the proposed expansion of the […]
With U.S. infrastructure headed south, heavy equipment shipper sends 40 percent of cargo north. Stu Levenick, president of Caterpillar, said aging U.S. transportation infrastructure and related shipping inefficiencies raise […]
Swayed by changing market conditions and trends, retailers continue to drive logistics services. In the wake of the 2009 financial crisis, U.S. liner imports fell 16 percent, exports […]
As China develops interior and urbanizes, its need to improve transport grows. Look for an increase in investment in and acquisitions of logistics companies by the Chinese in coming […]
Drewry Maritime is forecasting that the majority of container shipping lines “will finish in the red for last year” and that freight rates remain historically weak. In a […]
The report found “supply chain analysis increasingly important for businesses. For the second year in succession, (business interruption) and supply chain risk ranks as the top peril in the […]
NYK said it has increased its ownership of a car terminal company in Kazakhstan from 25 percent to 100 percent. NYK Holding Europe B.V., an NYK Group company, […]
The Justice Department on Thursday said two men were indicted by a federal grand jury in Las Vegas for violations of the federal renewable fuel program that allegedly netted […]
The U.S. Environmental Protection Agency issued a final rule this week to move ahead with the development of a national electronic manifest system to replace the existing paper-based system […]
The 20 largest container shipping companies lost an aggregate of $1.3 billion between 2008 and 2012 according to Dynamar, which attributes this increased volatility to the creation of the […]
The Greenbrier Companies said Thursday that its Gunderson Marine division has received an order from Kirby Offshore Marine to build an articulated ocean-going oil and chemical tank barge, with […]
The Federal Maritime Commission wants more information on the proposed expansion of the G6 vessel-sharing agreement (VSA). Commissioners voted to ask for additional information from the G6 container […]
Pacific International Lines (PIL) will begin calling the Port of Seattle next month. Singapore-based PIL’s new Asia Pacific Northwest Service (ANW) will call Terminal 30 in partnership with […]
MOL is planning to sell a 49-percent interest in its TraPac terminal subsidiary to a Canadian company, Brookfield Asset Management.
Evergreen has taken delivery of an additional 8,508-TEU containership built at CSBC Corp.’s shipyard in Kaohsiung. The ship, Ever Lucid, will join one of the Taiwanese carrier’s Far East […]
INTTRA said the Chilean container shipping company CSAV will make INTTRA a preferred e-shipping platform for its shippers and freight forwarders. “By making INTTRA’s e-commerce capabilities and network […]
A bill that seeks to halt shipping fees charged by the Port Authority of New York and New Jersey has been passed by New Jersey’s Assembly and Senate. […]
The Maritime Administration kicked off a three-day “National Maritime Strategy Symposium” in Washington on Tuesday with calls to expand the U.S. flag fleet serving international trade. Secretary of […]
The U.S. Senate Committee on Commerce, Science, and Transportation on Monday evening favorably reported President Obama’s nominees for several positions including: Paul Jaenichen, Sr., to be administrator of the […]
CMA CGM, Maersk, APL, OOCL, Emirates Shipping, Hamburg Süd and Regional Container Lines will cooperate on services between the Far East and Indian subcontinent starting next month.
Reederei NSB, the owner of the containership MSC Monterey, said repairs on its cracked deck and hull have been completed.
Members of the G6 Alliance today announced the cancellation of two Asia-Europe sailings in response to seasonal changes in market demand.
The Taiwanese carrier said it had signed charter agreements with both Costamare and Shoei Kisen Kaisha for each to provide, on charter, five 14,000-TEU containerships to be delivered during […]
Strikes have stopped operations at some ports in Chile near the beginning of the country’s winter fruit export season.
Container Trade Statistics said that “in line with market expectations, the global containerized output contracted in November, reflecting the cyclical trough associated with the final quarter of the year.” […]
Hanjin told customers on Thursday that it will end its New Trans Atlantic (NTA) service between the U.S. East Coast and North Europe. “This decision comes in light […]
The U.S. Commerce Department on Thursday announced its so-called “Look South” initiative to help American companies increase their exports to Latin America. The Look South Initiative is specifically […]
Gold Star Line (GSL) is ending its Australia China Express Line service known as ACX on Jan. 26 after more than four decades of service. GSL said it […]
APL said it will reorganize along functional instead of geographic lines “to drive its business forward.” “The container shipping industry is undergoing profound changes, characterized by low growth […]
The carrier said Thursday it has received a draft cease and desist order and a draft surcharge order from the Japanese Fair Trade Commission indicating it, as one of several […]
The Suez Canal Authority has announced the names of 14 consortia that have qualified to draw up master plans to develop an industrial and logistics hub for the canal. […]
The new affiliate will have a structure similar to Maersk’s other regional carriers, which include MCC Transport on intra-Asia trades and Seago on intra-Europe routes.
Ownership of the parent company of SSA Marine, which describes itself as the world’s largest independent, privately-held marine terminal operator, has changed hands. Carrix, Inc. and its parent […]
A BBC report over the weekend found that construction on a canal that runs through Nicaragua would probably not begin until next year, but the AP reported Monday reported […]
A.P. Moller-Maersk said it is divesting its shares in a Danish supermarket chain, receiving net proceeds of $3 billion and an accounting gain of about $2.5 billion through the deal.
Yasumi Kudo, NYK Line’s president, said he has created an executive committee to oversee antitrust law compliance; he called on employees to “redouble our efforts to ensure antitrust law […]
Reederei NSB, the owner of the containership MSC Monterey, which sought protection in St. Mary’s Bay, Newfoundland, last week after developing a crack in its deck and hull, said […]
CMA CGM said one of its ships, the 5,770-TEU Rossini, lost 14 containers overboard off Ushant at the southern entrance to the western English Channel on the night of […]
The Shanghai Container Freight Index was set at 1,176.12 on Friday, Jan. 3, 62.39 points higher than a week earlier. The index is a weighted average of estimated […]
A Florida-based management consultant who previously was a port executive suggested that because Florida ports are receiving more assistance from the state they should “engage in an exchange of […]
COSCO Group said it held a ceremony in Ocean Plaza Dec. 30 for the signing of a shipbuilding contract with China State Shipbuilding Corporation for four 64,000 DWT dry […]
The first stage of a container terminal in Cuba at the Mariel Special Development Zone west of Havana will be opened this month by President Raul Castro and Dilma […]
The White House has reinstated Mali’s eligibility to receive trade benefits under the African Growth and Opportunity Act, meaning that 40 of the 49 potentially eligible countries in sub-Saharan […]
The amount of capacity on idle, unemployed containerships reached reached 718,000 TEU in mid-December, according to Alphaliner, and “is expected to continue to rise until the end of March, […]
The containership chartering company Seaspan Corp. announced Monday it has entered into an agreement to extend and refinance its $1 billion credit facility. “The refinancing provides multiple benefits […]
