Mitsubishi Heavy Industries said it believes the breakup of the container ship MOL Comfort last year was not the result of the ship’s design or construction. The ship owner, Mitsui O.S.K. Line, […]
The volume of container cargo handled at the nation’s two largest ports moved in different directions last month. Container volumes were down slightly at the Port of Long Beach, while […]
A spokesman for the Pacific Maritime Association confirmed today that the employer group will begin contract negotiations with the International Longshore and Warehouse Union on May 12.
Maersk has provided additional details on the service it will begin offering May 19 connecting the U.S. East Coast with the West Coast of South America. Maersk will […]
The Global Shippers’ Forum said it will organize a new global campaign “to confront the imposition of unsubstantiated shipping surcharges, terminal charges and more than 20 other non-negotiable local […]
Air quality regulators in Southern California have proposed a rule that they say would “ensure emission reductions associated with sources operating in commercial marine ports” are achieved this year […]
The National Retail Federation has urged the Pacific Maritime Association and ILWU to speed up pending contract negotiations and reach a new deal well in advance of the June […]
Two Japanese companies — Mitsubishi Corporation and Kamigumi Co. — have jointly acquired a 25-percent share in TCV Stevedoring Company S.A., which operates the container terminal in Valencia, Spain.
Maersk said it will start a new service between the U.S. East Coast and West Coast South America on May 19. The rotation for the new service will […]
NYK Line said Monday it will charter eight 14,000-TEU container ships. NYK did not identify who it will charter the new ships from, but said they will be […]
An agreement has been announced for amendments to the Maritime Labour Convention to ensure the provision of assistance to seafarers in the event of their abandonment and for compensation […]
Shippers should prepare for longer transit times and more frequent use of skipped sailings or “blank voyages” by container carriers, according to recent research.
Prices for new dry freight containers increased in the opening months of 2014, according to Drewry Maritime Research. After declining gradually throughout 2013, and falling late in the […]
The International Union of Marine Insurance said the percentage of hull “total losses” fell to a record low last year, following a marginal increase in 2012, and said this continues […]
CMA CGM said it has begun offering a weekly shuttle service between Kingston, Jamaica and Port au Prince, Haiti. The French carrier said it will use the ship […]
The Port of Houston Commission has approved a $68 million construction contract with Orion Construction L.P. to fund improvements to the channels leading to the Bayport and Barbours Cut […]
HSH Nordbank, a large lender to the shipping industry, said that it “does not expect freight and charter rates and ship prices to start recovering before 2015, and then […]
The nation’s two largest ports, Los Angeles and Long Beach, should collaborate by combining into a single entity, according to a report issued by an independent private commission studying […]
A new study from Dynamar of the roll-on/roll-off shipping business, found that while the conventional deepsea ro/ro fleet is contracting, the vehicle carrier fleet is growing.
The Port of Baltimore said it handled record amounts of automobiles, containers and wood pulp in 2013. In total, the amount of general cargo at the port’s public […]
Crowley Maritime Corporation has acquired majority ownership of Accord Ship Management (HK) Limited and Accord Marine Management Pvt. Ltd., which provide third-party international crewing and technical ship management.
Mitsui O.S.K. Lines, Ltd. (MOL) and the owners of seven “C-series” container ships are seeking damages of ¥13.8 billion ($135 million) from Mitsubishi Heavy Industries in connection with the […]
MOL (America) said it will stop supplying chassis for store-door moves (where a container is delivered to a consignee or shipper’s place of business rather than a marine terminal) […]
A 2,840-TEU container ship, the Hansa Constitution, went aground in Hong Kong harbor on Sunday afternoon. A video posted to YouTube shows the 633-foot ship slowly coming to […]
Saltchuk Resources said it will acquire Tropical Shipping, a company that operates ships between the U.S. and Canada and the islands in the Caribbean and Bahamas, from AGL Resources, […]
CEO Lovetro says chassis pool operator “intent on providing a broader suite of services.” TRAC Intermodal, the largest chassis leasing company in North America, is looking to enter the […]
OOO “Garant-S” sued Empire United Lines and Michael Hitrinov, its president and owner, for losses arising from a third-party theft of Garant’s automobiles.
Singapore has bold plan to relocate container terminals. Port planning doesn’t get more audacious than this. Singapore, home to the world’s second largest container port, is simultaneously undertaking a […]
Navios Maritime Holdings controls a fleet of 64 dry-bulk ships, workhorses of the sea that carry commodities such as grain, soybeans and iron ore. However, during a recent […]
Rising U.S. oil and gas production expected to drive harbor and terminal upgrades over next several years. The boom in U.S. oil and gas production is having a beneficial […]
MarAd’s acting chief says “cargo will create a demand for ships, and ships create a demand for mariners.” A year after taking charge of the U.S. Maritime Administration, […]
The Practising Law Institute has published the Maritime Law Answer Book, written by Charlie Papavizas and H. Allen Black. Both are partners at the Washington office of the law […]
About $487 million will be spent modernizing the Saint Lawrence Seaway over the next five years, some on a new mooring system that will use vacuum pads instead of […]
A.P. Moller-Maersk said it has agreed to sell to NorSea Group the core business activities of its Danbor unit, involved in logistics and services for the wind and oil […]
Foxx U.S. Transportation Secretary Anthony Foxx on Friday appointed 10 new members to the Marine Transportation System National Advisory Council. Established in 2010, MTSNAC is comprised of 29 […]
Requirements for U.S. exports to be carried on U.S. flag ships is the subject of legislation moving through Congress. On Tuesday, the House of Representatives unanimously approved The Coast Guard […]
The Federal Maritime Commission said Wednesday it has concluded its review of the proposed amendment to the G6 Alliance Agreement and will allow the vessel-sharing agreement to expand into […]
The multipurpose, or breakbulk, shipping sector should see better times following a tough 2013, according to the London-based consultant Drewry.
Hamburg Süd said it did well in 2013 “under difficult business conditions,” and “subdued market growth and operational problems in the vastly overstretched ports in Brazil,” but it does not […]
Drewry Maritime Research says the container shipping industry “remains in an extended down cycle” due to the entry of new and larger vessels across all trades. The consulting […]
A.P. Moller – Maersk Group and China Shipping (Group) have signed an agreement that they said paves the way for new discussions on more collaboration and joint ventures.
The Government of Jamaica said it has signed a “framework agreement” with China Harbour Engineering Company (CHEC) for the development of a transshipment hub in the Portland Bight, according […]
Evergreen Line will join with members of the CKYH alliance — COSCO, “K” Line, Yang Ming and Hanjin — in operating container services to the United States East Coast. […]
Exporters and importers should be developing options to prepare for a possible disruption at West Coast ports this year, said Peter Friedmann, executive director of the Agriculture Transportation Coalition […]
David Samson, the chairman of the Port Authority of New York and New Jersey, has resigned, effective immediately, said New Jersey Governor Chris Christie on Friday afternoon.
CMA CGM, the third-largest container carrier in the world, said it had a net consolidated profit of $408 million in 2013, 22.8 percent more than the $332 million it […]
China Cosco Holdings Co. said last week that profit attributable to equity holders in 2013 was 235.5 million Chinese Yuan Renminbi ($37.9 million) compared to 9.6 billion RMB in […]
Sluggish demand and increased capacity “led to a notable mismatch between supply and demand,” and freight rates on main trade lanes “showed no substantial recovery and continued to fluctuate […]
Stratford Land, a Dallas-based land investment and management company, has broken ground on RiverPort Business Park in Hardeeville, S.C. The property is located four miles from the I-95 […]
The Global Shippers’ Forum is calling for shippers to have a greater voice in global discussions as the debate on how to tackle maritime greenhouse gas emissions continues. GSF […]
Groups representing drayage drivers in the Port of Vancouver, British Columbia, said Wednesday they had reached a deal to end a month-and-a-half-old strike. “We did it,” said a […]
ZIM, the Israel-based container carrier, said it had a net loss in 2013 of $530 million compared with $428 million last year. Excluding extraordinary expenses, the annual loss […]
The U.S. maritime industry is “at the precipice of potential failure” said acting U.S. Maritime Administrator Paul “Chip” Jaenichen during testimony to the Coast Guard and Maritime Subcommittee of […]
SeaLand, the newly founded intra-Americas regional carrier of Maersk Group, said it has appointed the following executives to lead the company under Craig Mygatt, who was named earlier this […]
At a waterfront rally Tuesday, the president of the International Longshoremen’s Association along with several business leaders and government officials called for limiting the power of the Waterfront Commission […]
This year’s outlook for the container shipping industry is “bleak” and publicly-listed global container shipping companies “face a greater risk of financial distress, including possible bankruptcy, than at […]
Hapag-Lloyd said Wednesday that it had a net loss of €97.4 million ($134.3 million) in 2013, smaller than the €128.3 million net loss in 2012, adding that the outlook […]
COSCO Pacific, the container terminal and container leasing arm of COSCO, had a profit attributable to equity holders of $702.7 million in 2013 compared with $342.2 million in 2012, […]
Maersk Line, Limited and Rickmers-Linie (Americas) have ended their joint venture, Maersk-Rickmers U.S. Flag Project Carrier, which had operated two multipurpose ships, and have sold the vessels to Thorco […]
While the Port Authority of New York and New Jersey claims congestion at its marine terminals has eased in recent weeks, a coalition of business and labor leaders are […]
CMA CGM, UASC and China Shipping are introducing a new weekly container service between the Red Sea and the Far East. CMA CGM said the new Asia Southern Red […]
The Chilean container shipping company CSAV has reported that 84.5 percent of its shareholders approved a merger with Germany’s Hapag-Lloyd on Friday during a special shareholders’ meeting in Valparaíso. […]
Shipper groups praised the FMC for close examination of the P3 Network that Maersk, MSC and CMA CGM plan to set up later this year, as well as its […]
The U.S. Federal Maritime Commission said Thursday that its members voted not to block the P3 Network that Maersk, Mediterranean Shipping Co. and CMA CGM plan to start later […]
NYK said that starting May 1, it will no longer provide chassis at marine, truck depot and intermodal rail facilities in Long Beach, Calif.; Los Angeles; San Diego, Calif.; and […]
The container ship charter Global Ship Lease said a new capital structure it is creating will allow it to take advantage of opportunities to grow and possibly pay dividends to […]
British Columbia said Wednesday that it, along with Port Metro Vancouver and the Canadian government, are “taking immediate and coordinated action” to try and end the truck driver strike […]
Ingram Barge Company said it has begun participating in the new barge freight component of the SmartWay Transport Partnership, a public-private partnership between the U.S. Environmental Protection Agency and […]
The 15 container shipping lines in the Transpacific Stabilization Agreement said Wednesday that they have agreed to a general rate increase on April 15 of $300 per 40-foot container […]
The U.S. Federal Maritime Commission said its members voted not to block the P3 Network that Maersk, Mediterranean Shipping Co., and CMA CGM plan to start later this year. […]
The Japan Fair Trade Commission said Tuesday that surcharge payment orders against four car carrier companies — NYK, “K” Line, Wallenius Wilhelmsen Logistics and Nissan Motor Car Carrier Co. […]
Masamichi Morooka, chairman of the International Chamber of Shipping, told attendees of Shipping 2014, the annual conference of the Connecticut Maritime Association, that costs of complying with new regulations […]
The ports of Long Beach and Los Angeles have reported lower cargo volumes in February than in the same period last year. The Port of Long Beach said […]
Kirby Corp. said Monday that it has signed an agreement to order an additional 29 new inland tank barges with 30,000-barrel capacity this year. Joe Pyne, Kirby’s chairman […]
Wallenius Wilhelmsen Logistics and “K” Line said Tuesday that they had received final cease-and-desist orders from the Japanese Fair Trade Commission along with surcharge orders.
A team of Navy SEALs boarded and took command of the commercial tanker Morning Glory in the Mediterranean Sea, southeast of Cyprus, on Sunday evening, according to the U.S. […]
A two-and-a-half-week truckers’ strike at the Port of Vancouver, B.C., seemed unlikely to end Monday despite requests by port and terminal officials to return to work, and the port’s […]
The Shanghai Containerized Freight Index rose on Friday, reflecting a general rate increase suggested by the Transpacific Stabilization Agreement for March 15. TSA is recommending another increase May 1 […]
Hope for the best, prepare for the worst. That’s the kind of advice shippers are getting about the West Coast longshore labor situation, and it was mirrored in two […]
Bloom INTTRA, a multi-carrier e-commerce network for ocean shipping, said Ken Bloom, its long-time chief executive officer, will step down from his job this year upon completion of a […]
Allianz Global Corporate & Specialty reported a decline in shipping losses for 2013, with just 94 losses of ships of more than 100 gross tons worldwide, compared to 117 […]
COSCO Pacific said that through a strategic partnership with Hutchison Port Holdings Trust, it is acquiring a 40 percent interest in Asia Container Terminal Holdings (ACT) for $212.65 million. […]
Crowley said its Carib Energy subsidiary has been awarded a multi-year contract to supply containerized, U.S.-sourced liquefied natural gas (LNG) to its first industrial customer, Coca-Cola Puerto Rico Bottlers […]
CMA CGM will begin calling the port of Buchanan in Liberia with its PC North service March 24, the company said. The French container carrier said it is […]
A shipping association chairman is warning that exporters of forest products in containers through the Port of Vancouver may move their cargo to other ports, switch to using breakbulk vessels […]
The Port of New York and New Jersey is being severely impacted by a shortage of chassis needed to deliver and pick up containers at marine terminals, according to […]
Ship Finance International Limited said Tuesday it will acquire two 5,800-TEU container ships built in 2001 and 2002 in combination with long-term charters. “The vessels are expected to […]
Pilgrim Pipeline Holdings Inc. is proposing construction of a dual pipeline between Albany, N.Y., and northern New Jersey. One pipe would carry refined products such as gasoline, diesel, heating […]
The Federal Maritime Commission “unanimously voted to effectively allow the Ports of Seattle and Tacoma to move forward on a cooperative agreement to exchange information and work together to […]
The announcement Monday that two big fruit companies — Chiquita and Fyffes — plan to merge also means that two of the top 10 operators of conventional breakbulk reefer […]
Global Terminal in Bayonne, N.J., is upgrading its terminal operating system (TOS) by becoming the first company in North America to upgrade to version 2.5 of Navis’s N4 TOS. […]
U.S. steel exports were 963,060 tons in January, up 10.5 percent from December 2013, but 10.6 percent lower than in January 2013, according to U.S. government data.
The U.S. Department of Agriculture has expanded its Farm Storage and Facility Loan program, which provides low-interest financing to small and mid-sized producers. The program includes 23 new […]
OOIL Chairman C.C. Tung said that overcapacity will occur this year, stemming from tonnage growth, but that there will be higher demand than in 2013. OOIL saw revenue of […]
Investigators are trying to determine the cause of a fire that broke out Thursday on a barge that was being towed to Puerto Rico as part of Crowley Maritime’s […]
Sea Star Line has agreed to pay $1.9 million, and Horizon Lines has agreed to pay $1.5 million. The civil settlements resolve allegations in a lawsuit filed in federal […]
Hanjin Shipping America said it plans to relocate its Atlanta service center functions to its Phoenix service center and relocate claims functions from Atlanta to Phoenix. The changes are […]
Import container volume in March is expected to reach 1.28 million TEU at major U.S. retail container ports, a 12.4-percent increase over March 2013, as retailers begin to stock […]
Transpacific container volumes are expected to increase in the next several years, but increased capacity brought on by ships cascading from the Asia-Europe trade bring challenges as carriers seek […]
The Chilean shipping company CSAV will pay a $625,000 civil penalty under a compromise agreement reached with the Federal Maritime Commission. In addition to its container liner business, […]