The U.S. Maritime Administration is accepting applications until Sept. 30, 2016 for future marine highway projects. “Eligible projects should establish new or enhance existing marine highway services that […]
The Japanese shipping company bought a 30 percent stake in the Mexican logistics company CSI Group to expand its participation in Mexico’s burgeoning finished automobile trade in North America.
The Los Angeles City Council on Wednesday unanimously confirmed Gene Seroka, head of commercial in the Americas region for American President Lines, as the new executive director of the […]
There are plans to dredge the Yangtze and increase the navigation capacity of the Three Gorges Dam. People’s Daily reported China is also working on standardized ships for the Yangtze […]
The current officer supply is 610,000, a shortfall of 19,000. This shortfall is forecast to rise to 21,700 by 2018 given that there will be a need for an […]
Located in the Yinzhou Economic Development Zone, the plant will make various kinds of logistic equipment such as standard or special containers, CIMC said in a filing with the […]
The rate increase is substantial compared to current spot rates measured by the Shanghai Container Freight Index, which stood at $1,183 per TEU to North Europe and $1,761 per […]
The U.S. Department of Commerce will continue its investigations on imports of the containers, with its preliminary countervailing duty determination due on or about July 17.
The agency said “unprecedented collaborative efforts” have put the port “in a better position to handle both current volumes and any potential diversions from the West Coast.” Last summer, […]
Intermarine, the Houston-based project and heavylift carrier, said it will offer regular service from the U.S. Gulf and East coasts to the Mediterranean and Persian Gulf. “We are […]
The Federal Maritime Commission said it will hold a meeting on June 18 where it will be briefed by “U.S. harbor trucking representatives on trucking trends and conditions” in […]
It was the biggest news in the container shipping business for a year. The world’s three largest container shipping companies — Maersk, Mediterranean Shipping Co. and CMA CGM […]
Container carriers experience another difficult year with soft demand, excess capacity. 2013 was another tough year for the liner shipping industry, with the container operations of 15 public companies […]
The peril of not declaring the value of cargo in a bill of lading was illustrated in a recent court decision (Outokumpu Stainless USA v. M/V Vegaland. et al. […]
“We don’t want to see disruptions at the ports, but retailers are making sure they are prepared in case that happens,” NRF Vice President for Supply Chain and Customs […]
Concerned about a possible strike at West Coast ports as the International Longshore and Warehouse Union and employers negotiate a new contract to replace their labor agreement that expires […]
The Suez Canal Container Terminal (SCCT) in Port Said has seen around 50 ships head to other ports outside Egypt during recent weeks following industrial action in the form […]
SeaIntel said schedule integrity by global container carriers “continues to improve, but is still significantly below last year’s performance.” The consultant said global schedule reliability increased for the […]
The Federal Maritime Commission said the amendment to Agreement No. 012104 increases CMA CGM’s slot allocation, revises the number of vessels contributed by each party, and adds Savannah to […]
Waldemar (Val) Poulsen has been named president and chief executive officer of Rickmers-Linie (America) Inc., based in Houston, effective July 1. Before joining Rickmers-Linie, Poulsen was director/country manager with […]
John Atkins will to succeed Devine as president of GCT USA, effective July 1. Atkins is currently the chief operating officer for GCT USA, and he has held successively […]
The maritime law firm Chalos O’Connor LLP is closing, and its attorneys are moving to larger law firms. K&L Gates announced last week that Michael G. Chalos has […]
The European Commission is allowing the P3 Network and G6 shipping alliances to move forward. In a statement, Antoine Colombani, a spokesman for the Commission’s Competition Directorate said, […]
Jorge L. Quijano, chief executive officer of the Panama Canal Authority, said naval architects have created optimized designs that will allow ships carrying 14,000 TEUs to transit the new set of […]
CSAV, which is in the process of merging with the German carrier Hapag-Lloyd, noted that the results “were obtained in the context of a 10.6-percent reduction in freight rates […]
The vessel-sharing alliance has filed a discussion agreement with the Federal Maritime Commission that will allow them to discuss and determine whether to cooperate on trade lanes to and […]
The private equity firm Rotunda Capital Partners has acquired a majority stake in Amware Logistics Services, a provider of third-party warehousing and fulfillment solutions headquartered in Eagle, Colo.
Danmarks Skibskredit (Danish Ship Finance) says in its most recent Shipping Market Review that there continues to be a “massive” surplus in the supply of containerships, particularly large vessels. […]
The Israel-based container carrier ZIM said it had a net loss in the first quarter of $62 million, 45 percent smaller than the $112-million loss it had in the first […]
CMA CGM said it and NileDutch will upgrade a service between the East Coast of South America and West Africa. CMA CGM said larger vessels will operate in […]
CMA CGM, the third-largest container carrier in the world, had revenue of $3.94 billion in the first quarter of 2014, compared to $3.84 billion in the first quarter of […]
NYK said it took delivery Tuesday of a new car carrier, Aries Leader, which is the first post-Panamax car carrier in Japan. The ship, capable of carrying 7,000 units, was built […]
United Arab Shipping Company said Kuwait’s Burgan Bank has agreed to provide a loan for the acquisition of two 14,000-TEU ships, saying it had concluded a bilateral facility worth $190 […]
North American supply chains will be strongly affected over the next three months by the negotiations for a new contract between the ILWU and employers, said Noël Perry, managing […]
Sea Star Line, which operates a liner service between the U.S. mainland and Puerto Rico, said Thursday that effective June 2, it will introduce a new chassis program for […]
The private equity firm Lincolnshire Management is reportedly repurchasing the automotive terminal and processing company AMPORTS from Highstar Capital, six years after selling it to Highstar. Industry sources […]
The number of containerships in long term layup is decreasing, according to information service Alphaliner. In its May 13-29 newsletter, the Alphaliner said there are “currently 45 containerships […]
The P3 Network, an operational and vessel-sharing alliance planned by Maersk, MSC and CMA CGM in the major East-West trades, now expects to start operations in fall of 2014 […]
A.P. Moller-Maersk, the Danish conglomerate that owns Maersk Line, APM Terminals, Damco and other businesses, reported a profit of $1.2 billion for the first quarter of 2014, compared with […]
SeaIntel says the ships of the carriers in the new G6 Alliance will spend 3.4 percent more time in port, but increase average vessel capacity 8 percent when compared […]
ZIM says it is planning changes that will extend coverage and improve service between ports in the U.S. Gulf and East Coast with South America, the Caribbean and Central […]
The Maritime Safety Committee of the IMO on Monday approved changes to the Safety of Life at Sea convention that will require verification of container weights as a condition […]
An initial public offering of stock in Hapag-Lloyd is anticipated in 2015, according to executives at TUI, the German tourism company that is the former parent company of the […]
The Israeli container shipping company ZIM says it has finalized a financial restructuring plan that will leave it “strongly positioned for growth.”
Cargo volumes were up because of a rebound in March, when 280,519 TEU moved through the port. In January and February, container volumes were off by 0.4 percent and […]
After a five-year absence, a new company has begun ferry service between Portland, Maine, and Yarmouth, Nova Scotia. The 528-foot long roll-on, roll-off passenger (ropax) ferry Nova Star […]
The ports of Los Angeles and Long Beach have reported strong growth in container volumes in April. The Port of Los Angeles said container volumes in April were […]
Hanjin Shipping said it had a net loss of 224.5 billion South Korean won ($219 million) in the first quarter of 2014, compared to a net loss of 34.7 […]
The Israeli shipping line Zim says that its “marine operations, head office, agencies and customer service teams are all back to routine” after being disrupted by protests. “Further […]
Zim said Wednesday it will restructure its services between the United States and Mediterranean in cooperation with Hapag-Lloyd. Zim said the changes, aimed at introducing improved products and better […]
NOL Group, the parent company of the container shipping company APL and APL Logistics, said it had a loss of $98 million in the first quarter, compared to a […]
Hapag-Lloyd reported a loss in the first quarter of 119.1 million euros ($163.4 million) compared with a loss of 93.6 million euros in the first quarter of 2013, and […]
“The company does not rule out the possibility of deepening cooperation agreements with other players in order to achieve greater stability, both in fleet and in service coverage,” CCNI’s […]
The much-anticipated negotiations on a new contract between the International Longshore and Warehouse Union and their employers at 29 West Coast ports, represented by the Pacific Maritime Association, started Monday.
Latin America’s growth is attractive, but carriers to the region face potential for overcapacity. In January, U.S. Commerce Secretary Penny Pritzker announced the government’s “Look South” Initiative focused on […]
Businesses that control freight have leverage to keep down additional costs. Global Shippers’ Forum (GSF), an umbrella organization of shippers groups such as the National Industrial Transportation League (NIT […]
While not the sole cause, lack of adequate infrastructure to keep up with the rapid growth in container traffic in Latin America is one of the contributing factors to […]
Is an offshore drilling rig — a vessel so large that it cannot pass through the Panama Canal — “merchandise” subject to the Jones Act’s restriction that cargo transported […]
The Kuwait-based logistics and infrastructure company Agility said it had a net profit of 11.24 million Kuwaiti dinar ($40 million) in the first quarter of 2014, 11 percent more […]
London-based Drewry has created a product that it says will allow shippers to share information about trends in contract shipping costs.
LNG container ships are coming to the European short sea trades. The Finnish short sea operator Containerships Ltd Oy, GNS Shipping/Nordic Hamburg, and ARKON Shipping said Wednesday they […]
FedEx said that effective next year, its FedEx Ground service will apply dimensional weight pricing to all shipments. Currently, FedEx Ground applies dimensional weight pricing only to packages […]
Maersk Line said it is making changes in its transatlantic services this month, ending its TA1 and TA5 services. “We will now be operating a consolidated transatlantic service […]
Matson said Monday that it had a profit of $3.4 million in the first quarter ending March 31 compared to $9.1 million in the first quarter of 2013. […]
The governors of New York and New Jersey have created a panel to “review the operations and procedures of the Port Authority of New York and New Jersey.”
The Transpacific Stabilization Agreement (TSA) is recommending a freight rate increase of $700 per 40-foot container on July 1 for “protein shipments” –refrigerated meat such as beef, pork and […]
The New York Shipping Association, the ILA and American Legion will hold a job fair focused on hiring honorably discharged veterans for port jobs in the Port of New […]
MSC said it will start a new direct service connecting India, the Middle East, the Red Sea and the United States.
The logistics security services firm FreightWatch International said in the first quarter of 2014, it recorded 206 full-truckload cargo theft incidents in the United States, with 82 thefts in […]
A safety feature that has been incorporated into the 70-acre expansion of the Global Container Terminal in Jersey City/Bayonne has set off a disagreement between the International Longshoremen’s Association […]
ArcelorMittal said it has signed a an agreement to sell its 78-percent stake in the European port handling and logistics company ATIC Services to H.E.S. Beheer, the owner of […]
A company owned by International Container Terminal Services, Inc., based in Manila, Philippines, and Anglo Ports, based in St. Leonards, Australia, have signed a contract for the design, construction, […]
The Port Authority of New York and New Jersey said it has completed a major roadway improvement project in the area around its major container terminals in Elizabeth, N.J. […]
Maersk Lines said that it will begin imposing a peak-season surcharge June 1 on cargo moving through the East Coast Canadian ports of Montreal and Halifax. Officials said […]
With negotiations on a new labor agreement between the International Longshore and Warehouse Union and employers represented by the Pacific Maritime Association due to start on May 12, the […]
Port Newark Container Terminal said it will add three super-post-Panamax ship-to-shore cranes this year that will be able to accommodate larger vessels and increase the terminal’s capacity.
Yang Ming said this week it will expand cooperation and upgrade its intra-Asia services as follows: Effective April 30, its Pan-Asia Service II (PA2) jointly operated with COSCO and […]
The rating agency Moody’s said it has revised its outlook for the global shipping industry to stable from negative, reflecting its expectation that the shipping industry’s aggregate (EBITDA) will […]
A pathologist in the Seychelles has concluded that the two security guards found dead on February 18 aboard the Maersk Alabama while it was docked in Port Victoria died […]
INTTRA announced Tuesday a strategic agreement with Catapult International to sell integrated rate and contract management capabilities to freight forwarders, shippers and carriers that use INTTRA’s global e-shipping solutions.
CIMC sold 203,200 TEU of dry containers in the quarter, a decrease of 35 percent from the first quarter of 2013, and 40,300 TEU of reefer containers, an increase […]
Reuters is reporting that Neovia Logistics, formerly Caterpillar Logistic Services, is exploring a sale “that could value the company at more than $1 billion.” Reuters cites “people familiar […]
A surplus of Panamax-sized containerships, already a creating problems for liner companies in the North-South trades where they are helping drive down rates, is likely to get worse when […]
Container carrier OOCL moved 1,352,050 TEUs in the first quarter of 2014, 8.9 percent more than in the same 2013 period. The results are among the first reported by […]
COSCO said it is scrapping 12 container ships and four bulk carriers to the breakers as part of a fleet decommissioning plan. According to a filing with the Hong […]
Shippers in Singapore said they support development of a massive new container terminal in the western part of the country. In an audacious move, Singapore, home to the […]
DP World said JBS, the Brazilian company that is the world’s largest supplier of beef and chicken, will switch all its U.K. imports from South America to DP World […]
Responding to complaints about delays in hiring veterans, the New York Shipping Association and ILA said that they are “fully committed to implementing the hiring plan as outlined in […]
As they negotiate a new labor contract to replace the one that expires July 1, representatives of the International Longshore and Warehouse Union and Pacific Maritime Association should be […]
The Port Authority of New York and New Jersey will offer incentives to boost automobile and truck shipments at its docks. The agency’s commissioners on Wednesday approved a […]
With negotiations due to begin May 12 on a new labor agreement between the International Longshore and Warehouse Union and employers, Maersk Line has told shippers they could face […]
CSAV officials said “dissident shareholders” owning only 2.7 percent of its stock have asked to exercise appraisal rights, meaning its planned merger with Hapag-Lloyd can go forward.
The Waterfront Commission of New York Harbor said that the New York Shipping Association and ILA are dedicating most of their efforts to employing new workers from their own referrals […]
The Port of Houston Authority said Tuesday that the U.S. Army Corps of Engineers has furnished it with a draft permit for the channel leading to its Bayport Container […]
McAuliffe The governor of Virginia said APM Terminals is hoping to sell its state-of-the-art container terminal in Portsmouth and that talks will begin soon, according to an article in […]
The China Shippers Association is maintaining its opposition to the P3 Network a month after the U.S. Federal Maritime Commission chose not to block plans by Maersk, MSC and […]
A new type of shipping container called the PASSBOX, is being marketed by Portare Systems for transporting aggregate and other sorts of bulk commodities including frac sand, grain and […]
Japan’s Tsuneishi Shipbuilding said its shipyard on China’s Xiushan Island, Tsuneishi Group (ZHOUSHAN) Shipbuilding, Inc., has received orders for four 1,020-TEU container carriers from the Hong Kong-based subsidiary of […]
Federal and local government officials, including Chip Jaenichen, the acting administrator of the U.S. Maritime Administration (MarAd), Guam Gov. Eddie Calvo, Sen. Tom Ada and port representatives participated in […]
Germany’s Hapag-Lloyd and Chile’s Compañía Sud Americana de Vapores (CSAV) signed a binding contract Wednesday to merge CSAV’s entire container business with Hapag-Lloyd. The relevant corporate bodies of […]