CEO Skou reports “good progress” on business transformation, but says new tariffs could potentially reduce expected growth in global container volumes by 1%.
Shipping line orders additional “smart container” equipment from Traxens that allows shippers to monitor cargo.
The sixth draft reduction of the year now is scheduled for June 12 instead of Tuesday.
Cooperation with Maersk and MSC is expected to reduce costs and improve service.
The new division will offer solutions for temperature-controlled transportation of pharmaceutical products.
Shuttle trains now move ocean containers between the Oregon port’s Terminal 6 and Seattle and Tacoma following a series of labor disruptions and shutdowns.
The investment company Caisse de dépot et placement du Québec reportedly is a partner in the Canadian deal and also is taking a piece of DP World’s investments in Chile.
A container top loader reportedly exploded Wednesday morning at Fenix Marine Services’ Pier 300 container terminal.
William J. “Bill” Shea Jr. will receive the 2019 Connie Award and J. Christopher Lytle will be honored with the Lifetime Achievement Award in California in September.
Credit rating agency says while traffic may fall, revenues are not likely to be affected in the medium term.
APM Terminals Inland Services will be integrated into Maersk Logistics & Services.
COSCO has yet to join the organization that seeks to enable digital standardization.
Results were better than expected, and the company points to a forecast of improving supply-demand balance in container shipping.
While the port’s focus is on containerized cargo, it says handling aggregate could provide a steady, divergent revenue stream.
The Korean carrier has reduced its operating loss and prepared for IMO 2020 but is still concerned about a global economic slowdown, Brexit and the U.S.-China trade conflict.
Commissioners voted 7-0 in favor of continuing negotiations with the Oakland Athletics for the lease of Howard Terminal as the site for a new baseball stadium.
The company’s Eagle Express X service will offer carriage of container cargo from Asia to Honolulu on alternate weeks.
The British Columbia port handled just over 1 million TEUs in 2018, but planners say it has potential capacity of 6 million to 7 million TEUs.
Reducing greenhouse gases is a key agenda item as the Marine Environment Protection Committee meets this week in London.
Negotiations are continuing between employers and the union with the help of Canada’s Federal Mediation and Conciliation Service.
Ports America, Ceres and SSA Marine plan a joint venture in Charleston and Savannah, while TOTE subsidiary and Luis Ayala Colon want to partner in San Juan.
A requirement for ships to go slow in order to reduce greenhouse gas emissions could be counterproductive, says the Coalition for Responsible Transportation.
CEO Rolf Habben Jansen said transpacific contract rates saw an average “three-digit increase” per TEU.
But the company says revenues are up and predicts an increase in operating revenue for 2019.
Effective May 28 the maximum authorized draft for vessels transiting the canal’s Neopanamax locks will be 43 feet, down from 50 feet at the beginning of the year.
Some shippers have not yet posted general average and salvage security.
The National Association of Manufacturers called on Congress to swiftly reauthorize the Ex-Im Bank after three board members were confirmed.
Members of the International Longshore and Warehouse Union have been negotiating with employers for 17 months to replace the contract that expired on March 31, 2018.
There is not enough time to front-load shipments if Trump acts later this week.
Macquarie Infrastructure fund selling facilities to the Singapore-owned terminal operator for an undisclosed price.
Toll Global Forwarding has been selected by the Port of Los Angeles to negotiate a lease for a prime warehousing location currently used by NFI’s Cal Cartage unit.
Bills in state legislature to limit containerships calling Houston could “crush” economic growth, say International Longshoremen’s Association and USMX.
Connecticut Port Authority partners with wind energy company Ørsted and the electric utility Eversource on $93 million of improvements in New London.
Port commissioners will decide whether to give the Oakland Athletics four years to complete studies and agreements for proposed baseball stadium that industry opposes.
FMC commissioners told during a meeting Wednesday there is “ample capacity” and freight rates have decreased.
When carriers cut ship speeds in the great recession, emissions fell. Now a group of companies says this phenomenon can be used to fight global warming.
Gains in international intermodal offset by losses in domestic container and trailer moves.
Sharp increase in profit, revenues and volumes reflect the purchase of a majority interest in Orient Overseas (International) Ltd. last summer.
DSV says it had “healthy top-line growth” and expects to close Panalpina acquisition in third quarter of 2019.
Orient Overseas (International) Limited announced the sale for $1.78 billion of Long Beach Container Terminal to a consortium led by Macquarie Infrastructure Partners.
Results of NYK, MOL and “K” Line suffer from loss by their joint venture, Ocean Network Express.
But because so many containerships are relatively new, the pool of candidates for scrapping is limited.
The port also is looking to speed up a project to widen its main shipping channel.
Ocean Network Express, the container shipping company owned by NYK, MOL and “K” Line, forecasts a profit in the current fiscal year.
CIT Group provides revolving credit line to the feeder ship company and shareholders vote to authorize additional shares.
The companies will increase the number of services on which Hyundai Merchant Marine shares space from one to three.
The Pacific Merchant Shipping Association and longshoremen oppose the plan by the Oakland Athletics to build a ballpark on Port of Oakland property.
Jae-hoon Bae also will meet with employees, shippers and the head of the IMO during a visit to Europe less than a month after becoming head of the South Korean […]
European shippers and forwarders help advance standard framework for measuring the impact of logistics on emissions.
Developed by Maersk and IBM, TradeLens uses blockchain to promote exchange of shipping and trade data.
The Digital Container Shipping Association will focus on driving standardization, digitalization and interoperability in container shipping.
International Longshore and Warehouse Union opposes plan to automate the APM Terminals container facility.
Head of Israeli maritime security firm Naval Dome says the “maritime sector is being targeted by highly motivated cyber criminals.”
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.
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.
Subsidiary of CBX Global has opened four offices in China to provide solutions to customers’ varied problems.
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.”
Navis Smart will allow customers to take advantage of artificial intelligence and machine learning.
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.
DSV will acquire Panalpina in an all-stock deal to create the world’s fourth-largest freight forwarder.
Maersk appoints longtime employee Doug Morgante as VP of North American government relations; Marc Papenhoff joins InstaFreight as director of business development.
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.
Prime Minister May now has until April 12 to seek a longer extension to the negotiation process to avoid a “no deal” Brexit.
Funds will be used to repay debt and for capital expenditures, mainly on vessels.
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 International Transport Forum says its “views are grounded in data, evidence and economic research with the objective to foster efficient transport solutions that serve citizens.”
The Turkish port operator is one of the finalists trying to become the operator of one of the largest and most automated terminals in the U.S.
The fifth-largest container carrier wants to be “number one for quality” and increase digital initiatives.
CEO Rodolphe Saadé said the shipping line is reinforcing its efforts to “develop ever more efficient and environmentally friendly vessels.”
Container carrier trade association says an OECD International Transport Forum report should be disregarded by European regulators looking at shipping regulation.
Taiwanese carrier says results were “significantly impacted” by fuel prices and that it is “cautiously conservative” on its outlook for 2019.
The harbor commission delays a vote on permitting APM Terminals to automate its Pier 400 container terminal during a hearing that drew more than 2,000 people.
The South Korean shipping company will share the cost of installing scrubbers on its ships with the government and suppliers of equipment and fuel.
The shipping line carried a record number of containers and has entered into a cooperation agreement with Maersk and MSC on several trades it says will reduce costs.
The California Trucking Association is continuing to challenge a California Supreme Court decision that it says amounts to an “essential outright ban on independent contracting.”
The ITF and WSC issue reports to support their competing views as European regulators weigh extending antitrust protection for vessel-sharing arrangements.
World Shipping Council CEO John Butler says breakthroughs will be needed to reduce greenhouse gas emissions.
Maersk, which has been reducing its holdings in Total over the past year, says it sold shares worth about $1 billion.
Rodolphe Saadé, CEO of CMA CGM, is expected to be elected as chairman of CEVA during annual meeting in April.
A World Shipping Council study outlines benefits of vessel-sharing agreements as European regulators study whether to extend antitrust protections past April 2020.
Drewry says container carriers may try to mitigate the rising cost of fuel by slowing ship speeds and relying more on feeder ships.
Rates from Asia to the U.S. East Coast have fallen since the fourth quarter of 2018, and there are “several signs of slowing world trade.”
The ships will replace older ships and be used in the intra-Asia trade by Sealand, which operates feeder ships for Maersk.
U.K. Freight Transport Association doubles down on advice to members to plan for a worst-case scenario.
French container carrier increases ownership of Swiss logistics company after monthlong tender offer.
Pennsylvania-headquartered 3PL has grown operations from Atlanta to Southern California and wants to accelerate growth.
Lower labor costs make other countries alluring, but China’s transport infrastructure and container services make it hard to beat.
The Kaimana Hila, the sister ship to the Daniel K. Inouye, is expected to enter service in late April.
The Agriculture Transportation Coalition says replacing marine terminal with ballpark would be a step backward and limit potential export growth.
BP Marine says it conducted comprehensive testing of the new fuel that will comply with the IMO regulation that goes into effect next year.
Container volume growth will not outstrip global GDP to the same degree as in the past because many commodities once shipped in bulk already have shifted to containers.
E-commerce giant Alibaba says it will deepen collaboration with the parcel delivery company STO Express
Stevedoring company says the investment by Blackstone Infrastructure Partners is “growth oriented.”
Purchase will add a cloud-based terminal operating system for small container and mixed cargo terminals.
There are worries that the U.S. may be seen as an unreliable source of commodities such as soybeans.
Company plans to improve profits by canceling uneconomical charters and “reducing market-exposed fleets.”
Lars Jensen says while individual carriers and freight forwarders may be under threat, the industry is not.
While the companies agree on how to tackle the low-sulfur fuel mandate, they are pursuing very different corporate strategies.