“While we’ve always been a freight forwarder, the bulk of our business has been driven by northbound transportation into the Canadian market,” Purolator International President John Costanzo said of the […]
The parcel carriers will focus initially on international delivery services from China to the United States and plan to expand their joint offerings to other destinations in the near future.
The largest port on the U.S. East Coast saw its share of containerized cargo slip in the first four months of 2017, but may have a chance to gain market […]
The $512 million redevelopment project, of which ocean carrier Mediterranean Shipping Co. will contribute $222 million, seeks to make Port of San Pedro in the Ivory Coast a major transhipment […]
Port officials are hopeful the federal government will approve a $155 million grant to help increase clearances in the Howard Street Tunnel and other locations along the CSX railroad in […]
Oak Brook, Ill.-based Hub Group will pay $306 million for the contract logistics firm, which owns and operates more than 1,200 power units and 5,000 trailers.
The Monaco-based containership charterer will use the proceeds of a secondary stock offering for ship purchases and repayment of debt, Costamare said in a statement.
The SE8 service between Malaysia, Singapore and Vietnam will complement Yang Ming’s existing TSE loop, the Taiwanese ocean carrier said in a statement.
Recent data from the Baltic and International Maritime Council (BIMCO) and London-based maritime consultant Drewry suggests the underlying imbalance of supply and demand in container shipping may be improving.
The Pacific Northwest port is providing $595,000 to help build a $25 million bridge over a Union Pacific rail line in an effort to improve traffic between warehouses in Kent […]
Under a proposed reauthorization bill for the Federal Maritime Commission, container carriers would have to chose between belonging to shipping alliances or rate discussion agreements.
According to Angeliki Frangou, chairman and CEO of the Piraeus-based ocean carrier, thanks to a recovering market, Navios is “positioned to enjoy substantial free cash flow from an increase in […]
The Athens-based containership charterer said it saw time charter revenues plunge “mainly due to reduced employment opportunities and time charter rates.”
Increasingly high rents charged to chassis providers by the Port Authority of New York and New Jersey could hurt the port’s overall competitiveness, says Dennis Daggett, executive vice president of […]
The Senate Commerce Committee cited “labor-related concerns” with the Federal Maritime Commission’s pilot supply chain information portal project, but said supply chain innovation teams will continue work this summer, focusing primarily […]
“ShipRush services help e-commerce small and medium businesses and omnichannel retailers execute parcel shipments for last-mile delivery to customers,” Descartes said in a statement.
After disrupting the taxi cab industry, the famed ride-sharing company’s newly launched Uber Freight division is now accepting bookings for cargo moving in 53-foot dry and reefer vans.
Meanwhile, the Hamburg-based shipping company on Wednesday published a lengthy question and answer document explaining the firm’s plans to restructure its debt.
The troubled Taiwanese ocean carrier will charter the YM Wind and YM Wreath from Seaspan and GCI Group, respectively, in an effort to grow its overall fleet while reducing average […]
There is only a “negligible” chance of a Jan. 1, 2020 deadline for all ocean vessels to begin using low-sulfur fuel being postponed, according to Edmund Hughes, head of air […]
The U.S. Department of Justice and members of Congress are putting pressure on the Federal Maritime Commission to more closely examine ocean carrier antitrust immunity as it relates to joint […]
The Pacific Coast Council of Customs Brokers and Freight Forwarders Association says Kevin McAleenan, President Trump’s nominee for commissioner of Customs and Border Protection, has earned its support over 10 […]
Monitoring by the U.S. Federal Maritime Commission, however, shows individual ocean carriers within each vessel sharing alliance continue to “independently and vigorously compete on pricing,” according to Acting FMC Chairman […]
The Coalition for America’s Gateways and Trade Corridors kicked off its annual meeting in Washington, D.C., this week by highlighting 43 freight projects that need federal partnership.
South Korean ocean carrier Hyundai Merchant Marine said increased sales and reduced operating costs helped offset a 59.2 percent increase in bunker fuel cost.
A new discussion agreement filed with Federal Maritime Commission by ocean carrier group OCEMA and the Port Authority of New York and New Jersey would allow the parties to discuss […]
Intra-regional trade is leading the strong growth in container cargo traffic, up 17 percent compared with 7 percent growth in deep sea shipments, according to London-based maritime consultant Drewry.
The $14 million project to raise the height of four cranes at the Port of Oakland’s Ocean International Container Terminal will allow the facility to work larger containerships.
The inland intermodal terminal says products such as grains, hay and legumes could be loaded in Central Washington and shipped to Seattle and Tacoma by rail.
The transportation consulting firm will be tasked with evaluating the merits of possible round-the-clock charges or port-wide “peel-off” programs at 13 terminals in the ports of Los Angeles and Long […]
The Honolulu-based ocean carrier placed an order for two dual-fuel capable 2,525-TEU vessels with the Keppel AmFELS shipyard in Brownsville, Texas, with delivery expected in the first and third quarter […]
The Port of Oakland says the trend towards bigger containerships means that even though fewer vessels are calling the port, volumes are increasing, diesel emissions are down, and berths are […]
Navios Maritime Containers plans to raise $75 million through a private placement to help fund its acquisition of 14 ships from Rickmers Maritime.
Container throughput at Port of Virginia terminals has increased 7 percent so far in the fiscal year that will end on June 30, according to recent figures from the Virginia […]
Trucking carrier Schneider National expects improving market conditions in the second half of 2017 driven by an improved freight market and electronic logging device mandate.
The container and dry bulk markets are seeing improvement thanks to high levels of vessel scrapping and an uptick in demand, but prospects for the tanker segment are less encouraging, […]
The American Petroleum Institute hailed the decision by U.S. Customs and Border Protection to withdraw an Obama-era proposal to withdraw Jones Act exemptions, but the Offshore Marine Service Association says […]
The troubled Taiwanese ocean carrier plans to raise more capital next month after reporting higher revenues and container volumes.
Ocean carrier Intermarine’s expansion follows a March announcement by Weco (formerly Nordana) that it was terminating a roll-on/roll-off service to the Mediterranean after 60 years of operation.
The Port Authority of New York and New Jersey will spend up to $70 million on a second environmental study and additional engineering work on a proposed freight rail tunnel […]
Norwegian fertilizer manufacturer Yara International is planning to build a small, battery-powered containership with capacity for between 100 TEUs and 120 TEUs to move containers from fertilizer its factory to […]
A Miami court found that a forum selection clauses in an ocean bill of lading trumped arguments for a more convenient location for the litigation.
Ocean carriers Crowley Maritime and TOTE Maritime Puerto Rico have both invested heavily in services to the financially troubled commonweath and will be watching closely as it endeavors to restructure […]
The Southern California port handled 558,014 TEUs for the month, benefitting from the return of a Hyundai Merchant Marine service and the launch of new South Korean container carrier SM […]
Both the Port of Vancouver in British Columbia and the Virginia Port Authority have hosted record-size container vessels at their terminals in recent days.
The state-owned shipping conglomerate will pay about $1.78 billion to have contracts for 14 containerships transferred from subsidiary COSCO SHIPPING Development Group, formerly known as China Shipping Container Lines (CSCL).
A small aircraft owned by Air Cargo Carriers that was carrying UPS packages ran off the runway into a wooded area after its wing struck the ground, according to early […]
The record tonnage, which caps 40 months of continuous cargo growth at the airport, comes as Hungarian capital hub nears completion of a new warehouse and office complex for DHL […]
Upon completion of the deal, several Maersk Line senior executives will join the top management team of German ocean carrier Hamburg Süd, the companies said in a joint statement.
Basel, Switzerland-based freight forwarder and third-party logistics provider Panalpina says Carelog’s strong foothold in ocean freight and roots in the western part of Denmark complements it own expertise in airfreight.
The Honolulu-based container carrier attributed the more than 60 percent decline in net income to the timing of fuel surcharge collections, lower volumes in its Hawaii and Alaska trades, and […]
New Jersey Governor Chris Christie said removal of the bridge’s lower roadway means larger ships will be able to call container terminals in Newark, Elizabeth and Staten Island.
Certain provisions of the merger agreement would have “jumped the gun” by allowing NYK, MOL and “K” Line to share competitively sensitive information or prematurely combine, according to the Federal […]
Certain provisions of the merger agreement would have “jumped the gun” by allowing NYK, MOL and “K” Line to share competitively sensitive information or prematurely combine, according to the Federal […]
During the quarter, COSCO SHIPPING Holdings Co., Ltd. reported a higher net profit, revenues and volumes compared to the corresponding 2016 period.
The world’s largest container carrier said its orderbook amounts to about 11 percent of its current capacity, but with scrapping and redelivery of chartered ships, it expects to grow in […]
In segments described as liner or containership operations, NYK, MOL and “K” Line reported a combined loss of 77 billion yen (U.S. $691 million) for the fiscal year ending March […]
The Subcommittee on Coast Guard and Maritime Transportation will hear an argument that foreign carriers should not be permitted to collectively negotiate rates with domestic maritime service providers because it […]
The Athens, Greece-based containership leasing company recorded a net income of $23 million on voyage revenues of $105.5 million for the first quarter of 2017, a year-over-year decline of 34.2 […]
The Pacific Maritime Association has proposed extending the contract until July 1, 2022, with a 3.1 percent yearly wage increase over the base wage rate of $42.18 per hour.
The Pacific Maritime Association has proposed extending the contract until July 1, 2022, with a 3.1 percent yearly wage increase over the base wage rate of $42.18 per hour.
The boards of both Maersk Line and the Oetker Group, which owns Hamburg Süd, approved the sale and purchase agreement today.
The London-based shipping research and consulting firm said that even though freight rates fell seasonally in the first quarter of 2017, they are better than they were in 2016.
A Baltic Exchange spokesman said the exchange’s plan to expand its involvement in the container industry is “separate from and beyond” the weekly Ningbo Containerized Freight Index it rolled out […]
Ships carrying up to 9,800 TEUs can now call terminals west of the Bayonne Bridge without worrying about tidal conditions now that U.S. Coast Guard Sector New York and pilot […]
However, the Baltic and International Maritime Council said the performance of the new ocean carrier alliances that set sail at the beginning of the month will be key in 2017.
The four drayage drivers working for XPO Cartage, a unit of XPO Logistics, were issued orders, decisions and awards in their favor amounting to $855,285.62.
CMA Terminals and India’s Adani Ports and Special Economic Zone signed a joint venture agreement to operate a the new CT4 container terminal at the Indian port for the next […]
Yang Ming’s shares have been suspended on the Taiwan Stock Exchange from last Thursday until May 3 as part of its financial restructuring and reverse stock split.
With a range of 200 miles, the drayage truck will operate from the ports of Los Angeles and Long beach to local warehouses.
The approximate $113 million acquisition of Rickmers Maritime Trust’s entire fleet of 14 Panamax-sized containerships will triple Navios Maritime Partners’ containership fleet.
Trac Intermodal sued two trucking companies, claiming they breached a contract by using its chassis to move maritime cargo.
Benoit de la Tour, president of terminal operating systems provider Navis, which is extending its reach beyond the terminal, stressed the need to simplify supply chain complexity, noting how the […]
The Hamburg-based maritime services provider’s owner, Bertram Rickmers, could see his stake reduced to 24.9 percent under the deal.
The invitation-only event will be held May 3 as part of the port authority’s effort to develop a master plan.
The weekly AL1 service, operated by “THE” Alliance, made its first call to the Packer Avenue Marine Terminal Wednesday with the 4,600-TEU YM Essence.
Shippers, carriers and terminals swapped accusations in their filings with the Federal Maritime Commission that their positions on detention and demurrage charges are being mischaracterized.
The American Maritime Partnership said it supports CBP’s notice published in January that it is revoking previous “letter rulings” that it said are inconsistent with the proper enforcement of coastwise […]
Federal Maritime Commissioner Mario Cordero, who will leave the agency in May to become Port of Long Beach Executive Director, said in addition to its regulatory role, the FMC has […]
The port said it expects to benefit from the new ocean carrier alliances that launched this month, along with a new non-alliance transpacific service.
The southeast Asian port said the station will facilitate the bunkering of ships as well as shore-based furnaces that use liquefied natural gas as fuel.
The wife of a seafarer who perished when the cargo ship El Faro sank in October 2015 near the Bahamas is asking Congress to establish new regulations aimed at preventing […]
The liner shipping industry will see “profound change” in the next two decades, as macro-economic & demographic shifts are altering trade patterns, industry consultant Lars Jensen said in his book, […]
The oil and gas industry said CBP’s proposed revisions on when Jones Act vessels must be used in offshore oil and natural gas activity will lead to less oil and […]
The Southern California port saw a surge of cargo following Asian Lunar New Year celebrations and because U.S. retailers shipped merchandise ahead of the new vessel alliance deployments that began […]
Federal Maritime Commissioner Mario Cordero will be appointed executive director of the Port of Long Beach, where he served as a harbor commissioner from 2003 to 2011.
Federal Maritime Commissioner Mario Cordero will be appointed executive director of the Port of Long Beach, where he served as a harbor commissioner from 2003 to 2011.
The Singapore-based containership lessor, which has a fleet of 14 Panamax ships, said it will wind up operations in the wake of defaulting on loans.
The refrigerated warehouse specialist now has over 165 facilities around the world with more than 145 in the U.S.
The third-busiest port complex in North America has spent billions raising the Bayonne Bridge and dredging New York harbor in preparation for larger containerships.
Shippers, forwarders and non-vessel-operating common carriers are concerned about carriers’ financial stability, quality of customer service and reliability, according to a joint survey by Drewry and the European Shippers’ Council.
The U.S. Maritime Administration (MarAd) estimated the nation has a shortage of around 2,000 mariners, and one logical way to overcome the shortage would be to add 40-45 vessels to […]
Hudong-Zhonghua Shipbuilding (Group) CO., Ltd in China will construct the 38,000-dwt vessels, which will be delivered in 2020.
Chinese conglomerate HNA Holding Group Co. offered to purchase CWT Ltd. for 1.4 billion Singapore dollars (U.S. $995 million).
Michael Khouri, acting chairman of the Federal Maritime Commission, said such pacts can help terminals improve service and operations to benefit the American shipper and consumer.
A planned container facility at the La Quinta Trade Gateway is no longer a viable option due to its proximity to a residential area.
The London-based shipping research and consulting firm is predicting imports from Asia to East Coast of North America ports will outpace those shipped to West Coast of North America ports […]
A Hapag-Lloyd spokesperson told American Shipper space is tight on the Europe to Asia trade right now from an uptick in volumes, which is abnormal for this time of year.
Furie Operating Alaska has agreed to pay $10 million for transporting an oil rig from the Gulf of Mexico to Alaska on a foreign-flag ship.
The Finnish logistics company said it has four LNG-fueled ships under construction, and is planning on expanding its fleet of LNG-fueled trucks from 40 to between 150-200.