Anchorage, Alaska, is suing the federal government in the U.S. Court of Federal Claims over what it says is the U.S. Maritime Administration’s (MarAd) “breach and complete abdication of […]
The president of the Pacific Maritime Association said that while negotiations with the union may go past the July 1 expiration date for the current labor pact, he expects […]
The ICTSI Oregon terminal in Portland, Ore., on Tuesday closed after dockworkers represented by the International Longshore and Warehouse Union (ILWU) honored a picket line thrown up by longshoremen […]
The transpacific container trade could see increased rate volatility in the coming year, predicted Lars Jensen, the chief executive officer of SeaIntel Consulting. Speaking at the Journal of […]
Fred Smith, the chief executive officer of FedEx, said a rise in protectionism is one of the biggest reasons that world trade is no longer growing rapidly.
IT Minerals will spend $4.5 million to establish an importing, processing and exporting facility at the Port of New Orleans for minerals sourced from Mexico and other countries. […]
“K” Line said it will launch two new services this month to enhance service between Japan and the Philippines, Vietnam, Singapore and Indonesia. Hapag Lloyd and NYK will also […]
Many container trades are lopsided, with great numbers of loaded boxes moving in one direction but not the other. Such imbalance has led some companies to investigate the […]
Hanjin Logistics’ Ambrite asks if industry is losing its entrepreneurial passion. Globalization has been a boon for the shipping industry, resulting in a huge increase in cargo volume.
SeaLand will be Maersk’s intra-Americas brand. Earlier this year, Maersk Line announced it would spin off its intra-Americas service into a new independent unit and operate it under the […]
Plano Molding designs and manufactures plastic storage boxes, including tackle boxes for fishermen. When it needed steel molds for its Illinois factory it contracted with CMT International, a company […]
The governor of Oregon is once again getting involved in problems at the Port of Portland’s container terminal, Terminal 6, operated by International Container Terminal Services Inc. (ICTSI). […]
CSAV said it has called an extraordinary shareholders’ meeting for March 21, “when investors should approve the possible merger of CSAV’s containership business with those of the German shipper […]
The A.P. Moller-Maersk Group, helped by strong performance from its Maersk Line container shipping business and APM Terminals business, reported a profit of $3.78 billion in 2013, down from […]
INTTRA announced today that it will collaborate with GS1 US, an information standards organization, to develop and implement containerized shipping data exchange guidelines for supply chain and logistics.
The lawsuit, filed in 2010, accused carriers of violations of the federal False Claims Act because ocean freight fuel surcharges were imposed on portions of military household good shipments […]
Construction of the first of two new containerships for TOTE Inc. that will use liquefied natural gas (LNG) as fuel began Monday night at the General Dynamics NASSCO shipyard […]
Maersk said that on April 1 it will raise freight rates from North Europe to the United States (East, Gulf and West Coast) by $500 per container. Eastbound rates […]
A study commissioned by the New York Shipping Association said the port creates 165,350 direct jobs and 296,060 full-time jobs in the region. That’s up from 279,200 full time […]
Expeditors reported a profit attributable to shareholders of $83.5 million in the fourth quarter of 2013, a 1-percent drop from the same 2012 period. Revenue in the quarter was […]
Drewry predicts that “bigger east-west ships and larger alliances are likely to continue to allow key transshipment hub ports in the Mediterranean to outperform underlying organic market growth.”
Two New Jersey legislators are seeking to limit the ability of the Waterfront Commission of New York Harbor from regulating the supply of labor in the Port of New […]
Expansion of the CKYH alliance to include China Shipping or United Arab Shipping Corp. would narrow the economy of scale advantage the P3 alliance will have over its competitors, […]
The Navios Group is a powerhouse in the bulk shipping world. Recently, it has also taken an interest in the container shipping business. The Piraeus-based Navios Group […]
Avoiding a supply chain meltdown if West Coast dock labor negotiations sour. Negotiations between the Pacific Maritime Association (PMA) and International Longshore Workers Union (ILWU) on a contract that […]
In August 2013, FDA published a Federal Register notice asking companies to volunteer for the two-year program. The agency has since pre-qualified 13 companies to participate.
Cosco, “K” Line, Yang Ming, Hanjin and Evergreen have confirmed that the five parties have agreed in principle to establish a shipping alliance, but only on the trades between […]
The G6 Alliance today announced the 17 port rotations — 12 for the Asia-North America West Coast trade and five in the transatlantic — that it plans to start […]
APM Terminals said Thursday that it will form a 50-50 joint venture with Toronto-based Brookfield Asset Management to operate its terminal in Port Elizabeth, N.J.
NOL, the parent company of the container liner company APL, said it had a loss of $76 million in 2013, smaller than the $412 million loss it experienced in […]
The ports of Long Beach and Los Angeles said container imports last month were higher than in January 2013.
An examination by cargo surveyors of the Maersk container ship Svendborg Maersk showed that around 520 containers were lost overboard. Around 85 percent of those lost containers were empty.
The trend of wider cooperation by container carriers may continue with the world’s fourth largest container carrier, Evergreen, saying it is looking at the possibility of creating a new […]
“The two sides will establish a comprehensive strategic partnership and a resource-sharing mechanism in areas of shipping, terminal operation, logistics, shipbuilding, ship repair, etc.,” the liner companies said.
Maersk Line will offer service to Georgetown in Guyana and Paramaribo in Suriname using its “Calypso feeder,” starting next month. The company said it will serve the markets […]
A joint venture between Rickmers Group and Apollo Global Management has purchased six Panamax container vessels from Hamburg Süd for $176 million. The ships, have been chartered back […]
Maersk Line said it will begin offering service this month between East Coast ports in North America and South America by transshipping cargo through Algeciras, the Spanish port on […]
Drewry said the container ship capacity on ultra large container vessels (ULCVs, or ships with capacity of more than 10,000 TEU) will increase by 31.4 percent this year, followed […]
New Jersey’s Commissioner of Transportation said last week he had tried to arrange for a waiver to the Jones Act so that he could arrange a shipment of road […]
In this decision (Estes Express Lines v. U.S. Federal Circuit. No. 13-5056. Jan. 3.), the U.S. Court of Appeals for the Federal Circuit reversed the Court of Federal Claims […]
International Shipholding Corp. (ISC) — the parent company of several shipping companies including Central Gulf Lines, Waterman, United Ocean Services and CG Railway — said it will return its […]
Ocean transportation intermediaries question FMC’s push for new regulations. The U.S. Federal Maritime Commission is continuing its review of proposed changes for regulating ocean freight forwarders and non-vessel-operating common […]
In December, Jim Newsome, president and chief executive officer of the South Carolina State Ports Authority, suggested ports may respond to the planned P3 Network of Maersk, Mediterranean Shipping […]
The UK’s Imperial Tobacco Group is considering listing shares in its European logistics division on the stock market, according to reports by media outlets including Reuters and the Wall […]
The Government Accountability Office is recommending the Maritime Administration take steps to improve its process when it selects companies to scrap ships. MarAd uses a two-step process by […]
Commerzbank said Thursday, as it reported its year-end results, that it had reduced the size of its shipping portfolio by €4.5 billion ($6.14 billion) — approximately 24 percent — to €14 […]
CSAV said it plans to raise up to $600 million by selling additional stock capital in order to finance ships and complete its proposed merger with Hapag-Lloyd. The […]
Wilh. Wilhelmsen Holding ASA Group (WWH), the Norwegian company that is a part owner in Wallenius Wilhelmsen Logistics and several other roll-on/roll-off cargo companies, said it saw positive growth […]
The Port of Portland, Ore. will pay container carriers an incentive to move containers through the port. Commissioners voted 7-1 Wednesday in favor of the plan to pay […]
Rep. John Garamendi, D-CA, withdrew a proposed amendment to the Coast Guard Reauthorization Bill that would have required all export of liquefied natural gas (LNG) to be carried on […]
MOL and its car carrier affiliate Nissan Motor Car Carrier Co. (NMCC) will pay a $1,275,000 penalty under a compromise agreement announced by the Federal Maritime Commission (FMC) on […]
The container leasing company Textainer reported strong growth in revenue last year, but a drop in profit. Textainer said it had a profit of $45.5 million in the […]
Riker McKenzie, Local 333 president, said the contract was rejected by a vote of 416-140. He added that members of the union will continue to work and while the […]
Athens-based Danaos, whose stock is traded on the New York Stock Exchange, said it had a loss in the fourth quarter of 2013 of $4.2 million compared to a […]
National Shipping of America, which operates a fortnightly service between Houston, Port Everglades, and Puerto Rico, is partnering with Rickmers-Linie (America) to expand breakbulk service to Puerto Rico.
Maersk Line is returning the 14 ships it had on charter from the German KG fund MPC Flottenfonds III. The ships ranged in size between 3,604 TEU and […]
The commissioners of the Port of Portland, Ore., will consider a program to spend up to $4 million on incentives to keep container carriers calling the port when they […]
The P3 carriers — Maersk, MSC and CMA CGM — have provided the Federal Maritime Commission with additional information on their proposed vessel sharing agreement, according to the FMC. […]
Total intermodal shipments increased 4.6 percent in 2013 to 15.5 million containers and trailers (of all sizes) and were up 7 percent in the fourth quarter to just shy […]
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 […]
“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 […]
Ports America Companies said it had refinanced debt facilities of both Ports America, Inc., (PAI) and MTC Holdings, Inc., (MTC) into a single, unified capital structure. The refinancing […]
International Shipholding Corp. (ISC) — the parent company of several shipping companies including Central Gulf Lines, Waterman, United Ocean Services and CG Railway — said it will return its […]
The Pacific Maritime Association (PMA) expects negotiations on a new labor contract with the International Longshore Workers Union (ILWU) to begin in mid-May. The current contract expires on July […]
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 […]
Liner carrier United Arab Shipping Co. said the total order is worth more than $2 billion including all options. The containerships will be delivered later this year through the first […]
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. […]
French liner carrier CMA CGM said it will launch a second service between the United States and Australia/New Zealand. The so-called PAD 2 service will start March 4 […]
Japan’s three large shipping companies on Friday reported their results for the nine month period which ended Dec. 31, 2013. All had increased revenues, but the profit picture was […]
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 […]
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 […]
The Federal Emergency Management Agency last August turned down a request by police in Newport News, Va., to fund a blimp to keep watch on the Port of Hampton […]
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.
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, […]
It will pay $86.9 million for each ship for a total of $434.5 million. They are to be delivered in 2016 and 2017. COSCO also noted that on Dec. […]
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 […]
The Port Authority of New York and New Jersey said 150 longshoremen “are in the process of being hired” despite ongoing litigation. Seventy five checkers will also be hired.
Hapag-Lloyd said Monday it will transfer the U.K. call of three services from Tilbury to DP World’s London Gateway terminal. Hapag-Lloyd said the three services are the Chile […]
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 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 […]