The Israeli ocean carrier reported a $28 million loss in the fourth quarter, much larger than the $7 million loss in the fourth quarter of 2014 despite year-over-year volume growth […]
A televised broadcast of the first ship to transit the widened Central America waterway will follow testing of new locks earlier in the month.
A televised broadcast of the first ship to transit the widened Central America waterway will follow testing of new locks earlier in the month.
The German container carrier attributed its swing to a $127.5 million profit in 2015 from a $675.6 loss in 2014 to the merger with Chilean carrier CSAV, internal cost-cutting, and […]
APL expects to benefit from CMA CGM’s decision to maintain its longtime brand.
TRAXENS seeks to make its container-tracking technology an industry standard.
Undoubtedly, you’ve seen trucks carrying oversize loads accompanied by “pilot” or “escort” cars decked out with flags and caution signs. The lead car generally has a pole that is several […]
Keith Andrey, VP of global freight forwarding for UPS, says carriers are also more interested in offering intermodal pricing this year in order to secure cargo volumes in a historically […]
The European shipper group says a proposal by the European Commission to reform the way liner carriers announce general rate increases does not go far enough and the competition watchdog […]
South Korean shipping conglomerate Hyundai Merchant Marine’s attempt to renegotiate charters could affect owners such as Greece’s Danaos.
Premium Transportation Services, which does business as Total Transportation Service Inc., cited industry, political and legal headwinds as reasons it filed for federal bankruptcy protection in Delaware on Monday.
International Union of Marine Insurers says there has been an increase in damage to engines from “cat fines,” with incidents costing anywhere from $300,000 to $1 million, adding that “the […]
The Rotterdam-based ocean carrier doubled down on its West Africa operations by acquiring the multi-purpose division of Maersk Line subsidiary Safmarine.
The Pacific Northwest port posted increases in volumes of steel, project cargo, grain and automobiles in 2015.
Maritime Administrator Paul Jaenichen, Sr. told the House Subcommittee on Coast Guard and Maritime Transportation he sees the United States moving from “amber” to “red” on the national security scale […]
Groups representing shippers and other businesses say they want to avoid a repeat of the disruptions and slowdowns at West Coast ports that contributed to severe cargo congestion during the […]
Mayor Ras Baraka sent a letter to Secretary of Labor Thomas Perez and several other federal agencies complaining that too few minorities and women are being hired for dockworker positions […]
Containerized cargo volumes in February benefited from strong growth in imports that “indicate consumer confidence,” Port of Los Angeles Executive Director Gene Seroka said in a statement.
In a letter to the United States Coast Guard, a group of 49 shipper organizations from the agricultural sector say it is unreasonable for shippers to be required to tell […]
Port of Halifax will remain Atlantic Container Line’s largest port of call in North America and its gateway for Canadian cargo and freight bound for the United States Midwest, the […]
Weight tickets submitted by roll-on/roll-off carrier Farrell Lines to support their billing invoices were “recreated” by Damco employees, which constituted a failure to comply with the terms of a contract […]
After posting a $4.3 billion loss for 2015, Daewoo Shipbuilding & Marine Engineering Co., which just two years ago employed 55,000 workers, plans to further reduce its workforce from 42,000 […]
The record February volumes at the Southern California port reflected orders that were made prior to Lunar New Year lull, according to the Port of Long Beach.
The containership lessor is looking at opportunities for sale-leasebacks with liner companies, buying ships from private equity firms that are now look to exit the container shipping sector, and investing […]
If the quest for bigger and bigger containerships has run its course, future vessel ordering may instead be based on individual lines’ assessment of future demand growth, according to a […]
Maersk Group subsidiary APM Terminals has completed the purchase of eight of 11 terminals from the Barcelona, Spain-based operator and still hopes to acquire additional TCB terminals in Turkey and […]
The largest domestic tank barge operator in United States has expanded its fleet with the acquisition of 27 inland tank barges and 13 inland towboats, plus one tank barge and […]
Chris Welsh, Secretary General of the Global Shippers’ Forum told the ICHCA conference in Barcelona he wants an international forum to address the impact of ultra-large containerships and “super alliances” […]
The commercial engine manufacturer said an internal audit has revealed fuel consumption tests for around 2 percent of its four-stroke marine engines understated consumption by about 1 percent.
Despite a poor second half last year, the Hong Kong-based parent of ocean carrier OOCL expects to reap benefits from its new Middle Harbor terminal at the Port of Long […]
One shipper described the long truck lines at the Port of Oakland as a “debacle” as cargo volumes at the SSA terminal have climbed suddenly due to the rapid exit […]
A spokesperson for Hyundai Merchant Marine, however, dismissed reports of a combination between the two South Korean shipping conglomerates as nothing more than a “half baked rumor” just one week […]
Providing the verified gross mass of laden cargo containers is not a commercial matter, but regulatory matter, according to a letter sent to the United States Coast Guard by the […]
Jennifer Hedrick will replace Bruce Carlton as executive director and MCI USA will provide association management services to National Industrial Transportation League.
The French ocean carrier will deploy the mammoth 18,000-TEU CMA CGM Benjamin Franklin and five sister ships in the transpacific trade between Asia and the United States West Coast starting […]
Providing the verified gross mass of laden cargo containers is not a commercial matter, but regulatory matter, according to a letter sent to the United States Coast Guard by the […]
The French ocean carrier will deploy the mammoth 18,000-TEU CMA CGM Benjamin Franklin and five sister ships in the transpacific trade between Asia and the United States West Coast starting […]
Local 63-Office Clerical Unit of the International Longshore and Warehouse Union reached seven-year labor deals with employers months ahead of the current contract expiration date this June.
A senior advisor for the World Shipping Council told the TPM 2016 conference in Long Beach, Calif. the group is troubled by the United States Coast Guard’s interpretation of the […]
After costly “mistakes” in the roll out of a unified IT platform, the freight forwarding division of Deutsche Post DHL Group has a clearer path forward, CEO Frank Appel told […]
The new feeder loop between the Caribbean and the North Atlantic Coast of South America will connect to the Israeli ocean carrier’s global service network through ZIM’s hub in Kingston, […]
Starting today, drayage drivers working for XPO Logistics subsidiaries XPO Cartage and XPO Port Services in the ports of Los Angeles and Long Beach plan to join truckers that have […]
Both the Shanghai Containerized Freight Index and the Ningbo Containerized Freight Index tumbled last week, continuing a worrisome trend for ocean carriers.
Consolidation among ocean carriers is needed if the industry is to right itself, and even that might not be enough to save some companies, according to a new study from […]
The Baltic Exchange confirmed it is in “confidential discussions with selected third parties regarding its future strategy and ownership,” and Singapore Exchange has reportedly submitted a non-binding bid for the […]
The French ocean carrier will also drop a call in Qingdao and add calls in Charleston, Tangiers, and Singapore to its Pacific Express 3 loop between Asia and the United […]
Disagreements have erupted between the children of Y.F. Chang, the deceased founder and chairman of the Evergreen Group, which owns ocean carrier Evergreen Line and EVA Air among others.
Most of the $179.7 million loss was due to impairment losses as the company sold off dry bulk ships operating in international market to reduce debt, according to the ocean […]
The new service from Semarang Airport will be faster and more reliable than trucking cargo 310 miles to the Jakarta airport, according to PT. Yusen Logistics.
The ever-increasing size of containerships and large scale vessel sharing alliances are causing more volatility in the industry, according to a report in the latest edition of Drewry’s Container Insight […]
Despite a down year in ocean shipping markets, profits at Hawaii-based Matson jumped 46 percent year-over-year to $103 million in 2015 following the carrier’s expansion into the Alaska trade.
Ocean carrier APL, a subsidiary of soon-to-be-acquired Neptune Orient Lines, said lower fuel costs and other cost savings were not enough to offset a reduction in volumes and base freight […]
Outer Harbor Terminals LLC, the joint venture between Ports America and TIL Group that is ceasing operations at the end of March, will pay rent, utilities and clean-up costs to […]
Capable of carrying 7,500 cars, the Japanese ocean carrier’s new roll-on/roll-off vessel, “Drive Green Highway,” features energy saving technology including solar panels.
With 30 percent volume growth in cargoes to and from the United States during 2015 and its acquisition of the container operations of APL, the French ocean carrier expects to […]
With a long history and diverse fleet, International Shipholding Corp. (ISC) is one of the more interesting U.S.-based shipping companies. The company was founded by Niels F. Johnsen in […]
Although one terminal operator leaves, there’s development elsewhere in the Port of Oakland.
In 2013 the produce company Sol Group hired APL to ship melons from Honduras and Guatemala to Los Angeles. The fruit company alleged APL failed to live up […]
N.C. port authority expects boost from new intermodal terminal.
The South Korean ocean shipping conglomerate is also seeking relief from financial creditors by selling off various assets and stock, as well as issuing $24.4 million in new shares being […]
Maersk Line said in a recent statement it would work with Indian authorities to help improve facilities in Alang, but Patrizia Heidegger, executive director of the NGO Shipbreaking Platform, says […]
The Chinese firm is now largest shipping company in the world and controls the fourth largest container fleet after Maersk Line, Mediterranean Shipping Co. and CMA CGM.
CMA CGM plans to bring the merged COSCO-CSCL into a new vessel sharing alliance on the major east-west trades that would rival the 2M Alliance of Maersk Line and Mediterranean […]
Carriers agree to detail charges in general rate increase announcements to meet European Commission concerns.
With the successful completion of testing of reinforcements to sill number 3 of the Cocolí locks, the expansion project is now 96 percent complete and moving toward a Q2 opening, […]
Lines are avoiding the Panama and Suez Canals on some backhauls from Europe and the U.S. East Coast despite having to speed up vessels in order to maintain transit times, […]
The key objective of the two-week National Transportation Safety Board mission in April will be to locate the voyage data recorder or “black box” dislodged from the TOTE Maritime general […]
The $1.5 million program at the Port of Oakland will provide an incentive to terminals to stay open longer as they handle business relocated from Outer Harbor Terminal.
Terminals at the Port of Los Angeles “continue to demonstrate progress in moving larger container volumes per ship call,” according to Executive Director Gene Seroka.
The United States Coast Guard is scheduled to meet with the Federal Maritime Commission on Feb. 18 to hear shipper concerns about the new verified gross mass requirement enacted by […]
The key objective of the two-week National Transportation Safety Board mission in April will be to locate the voyage data recorder or “black box” dislodged from the TOTE Maritime general […]
The United States Coast Guard is scheduled to meet with the Federal Maritime Commission on Feb. 18 to hear shipper concerns about the new verified gross mass requirement enacted by […]
The port handled 35 percent more cargo in January than in the same 2014 period and said that, in addition to restoring regular service following congestion issues last year, restocking […]
A new position paper from the Agriculture Transport Coalition lays out options such as delaying enforcement of the SOLAS verified gross mass requirement or allowing weight variance, and requests a […]
Container carriers have offered to publish binding actual rates a month before they go into effect, according to a recent report from Reuters news service.
German ocean carrier Hapag-Lloyd has purchased two wide beam ships from NileDutch, and will charter two sister ships for use in South America as well as four wide ships for […]
Carl Kemp is returning to Long Beach, Calif. as vice president of the Pacific Merchant Shipping Association after a stint as senior advisor for legislative and public affairs at the […]
The Danish shipping conglomerate saw its earnings drop over 82 percent from the previous year thanks to what it called a “perfect storm” of falling container freight rates and low […]
A new position paper from the Agriculture Transport Coalition lays out options such as delaying enforcement of the SOLAS verified gross mass requirement or allowing weight variance, and requests a […]
The Northern California port says cargo business from Outer Harbor Terminal LLC, a joint venture between Ports America and TIL, will be transferred to other terminals and night and weekend […]
Volumes were up 10.4 percent from 2014, but on 7.4 percent fewer ships calling at the port, indicating that much of the cargo is arriving on larger ships, according to […]
The German ocean carrier’s “Watchdog” software flagged more shipments both because of an increase in business and stricter regulations following the explosions in Port Tianjin last year.
A $60 million upfront payment by Ports America and TIL gives the Northern California port limited recourse following their departure from Oakland Harbor Terminal, according to a research note by […]
The plummeting dry bulk rates are being blamed on an imbalance of fleet supply and demand, along with stagnant cargo trade resulting from the slowdown in China’s economy since last […]
Meanwhile, the intermodal transportation management provider and truck brokerage says it has closed its Hub Group Trucking terminal serving the Los Angeles, Calif. market.
A group of stakeholders at the Northern California port that includes cargo owners, terminal operators and labor representatives is exploring ways to measure turn time for drayage truckers as well […]
Construction and congestion issues resulted in fewer ships using shore power at the TraPac Terminal in the Port of Los Angeles, according to Executive Director Gene Seroka.
The Abu Dhabi-based express carrier, having already completed two deals in January, 2016, says it has plans for further expansion.
Commissioner Rebecca Dye will the lead Federal Maritime Commission effort to develop commercial solutions to supply chain challenges and related port congestion concerns.
Hanjin Shipping, Korea’s largest container carrier, reported a net profit of $6 million in 2015 compared with a loss of $396 million in 2014 despite lower revenues.
Executive Director Chris Lytle says the Port of Oakland is “deeply disappointed” with the action yesterday by Outer Harbor Terminal LLC, a joint venture between Ports America and Terminal Investment […]
A subsidiary of e-commerce company Amazon recently registered as a foreign-owned non-vessel-operating common carrier with the U.S. Federal Maritime Commission, a move that has sparked further speculation that the […]
Retail industry faces challenges along entire length of supply chain.
I’ve been told train spotters and ship enthusiasts are sometimes called “anoraks” in the United Kingdom, after the coats they wear while waiting to snap photos. I could have […]
Ship lessor NSB has found a way to increase TEU capacity of its panamax vessels.
Seahorse Shipping hopes to make “jumbo barge carrier” a reality.
This liability case emerged from the theft of a shipment of Sandoz pharmaceuticals in 2008. Exel, Sandoz’s logistics provider, hired motor carrier Southern Refrigerated Transport (SRT) to transport the […]
The Israeli ocean carrier says changes to its management structure and business groups should make ZIM more agile and attentive to customer needs.
South Korean shipping conglomerate Hyundai Merchant Marine may be looking to sell its subsidiary securities firm, tourism unit, port container terminals, or bulk carriers, according to various media reports.
The large roll-on/roll-off cargo vessel Modern Express has been listing at a dramatic 40 to 50 degrees in the Bay of Biscay and reportedly came within 27 miles of the […]