The project at the port in northern Chile, which calls for the construction of a third berth and the expansion of another, will cost upward of $350 million. Iquique […]
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 […]
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 […]
The U.S. Export-Import Bank said one of its guaranteed bonds funded by the capital markets raised $40.7 million for the Brazilian airline VRG Linhas Aéreas S.A. (GOL) for engine-maintenance […]
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, […]
Fednav said it is the first shipping company to use drones to check ice conditions on the water during a commercial voyage, using video-equipped drones to scout ahead of the […]
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 […]
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 White House on Friday notified Congress of its intent to enter into negotiations on a new trade agreement in the World Trade Organization aimed at eliminating tariffs on […]
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 […]
The United States and the Philippines have agreed to a program of expanded engagement in coming months on bilateral, regional and multilateral issues after a two-day meeting Thursday under […]
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 […]
Georgia’s state legislature has approved Gov. Nathan Deal’s proposal for $35 million in additional dredging funds for the Savannah Harbor Expansion Project. Georgia has now allocated $266 million, meeting the […]
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 […]
The boards of third party logistics providers Coyote Logistics of Chicago and Access America Transport in Chattanooga, Tenn., have approved a merger agreement. Terms of the deal were […]
The U.S. Export-Import Bank has entered a cross-marketing partnership with the Finance, Credit and International Business Association, a division of the National Association of Credit Management, which represents thousands […]
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 […]
Distribution center operator St. George Warehouse has opened a new 160,000-square-foot facility within minutes of the Port of Savannah’s Garden City Terminal and close to Interstate 95. Company […]
FMC reviews 30 OTI license applications
The U.S. Federal Maritime Commission has received 30 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Air & Surface […]
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 […]
The Port of Cleveland approved a measure during its board meeting Thursday to immediately proceed with maintenance dredging in the Cuyahoga River and Cleveland Harbor before the start of […]
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 […]
As the wars in Iraq and Afghanistan have been winding down over the past several years, U.S.-flag carriers have had to increasingly diversify their cargo base toward other U.S.-flag […]
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 […]
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 […]
Russian intermodal transport operator Ruscon has started a scheduled flexitank container service to Kazakhstan. In the first quarter of 2014, about 40 containers arrived from Italy at the […]
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 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 […]
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 […]
The U.S. Commerce Department on Friday reported that the country’s exports of goods and services for January reached $192.5 billion, up from $191.3 billion in December. “U.S. exports […]
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, […]
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 […]
Harley Marine Services has awarded a contract to Portland, Ore.-based shipyard Vigor Fab to build two 83,000-barrel tank barges. These barges will be the ninth and tenth built […]
Singapore-based Odfjell Asia II Pte Ltd. and one of its senior crewmen pleaded guilty Monday in federal court in Hartford, Conn., for violating the Act to Prevent Pollution from […]
The vehicles were manufactured in China and imported into the United States between 2007 and 2013 without the required certification indicating that emissions would meet federal standards, EPA said.
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.
The U.S. Transportation Department on Friday proposed to approve United Airlines’ application to serve Tokyo’s downtown Haneda Airport from San Francisco. Under a U.S.-Japan agreement, U.S. airlines may […]
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 […]
Nothing stays the same, and that also goes for American Shipper. The 62-year-old publishing company, based in Jacksonville, Fla., has made a number of changes since the start […]
BIS wants to clearly define responsibilities for these transactions. Navigating U.S. export control regulations has always been a tricky task and it’s not uncommon for exporters and their freight […]
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 […]
With the release of a new corn seed from Syngenta and concerns over mixing genetically modified grains in shipments, the U.S. Grain Council urged its shipper members to exercise […]
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.
Clariant Corp., a maker of desiccant materials, said its Container Dri II desiccant products exceed new specifications from the Federation of Cocoa Commerce Ltd. for protection of cocoa bean […]
The Redwood City Port Commission on Wednesday approved a three-year lease with Boxer Industries for a carbon black pilot production facility. Boxer Industries, based in Silicon Valley, Calif., […]
Echo Global Logistics has acquired Comcar Logistics, a non-asset-based truckload brokerage based in Jacksonville, Fla. Founded in 2011, Comcar provides truckload brokerage to a range of customers, primarily […]
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 […]
BNSF Logistics and Tri Global Energy have entered into an agreement to align resources, market knowledge and industry relationships to support BNSFL’s development of the West Texas Wind Energy […]
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.”
The U.S. Justice Department on Monday asked a federal court in California to issue an injunction seeking to shut down operations of four California companies and six individuals related […]
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.
Pritzker U.S. Secretary of Commerce Penny Pritzker said Thursday that 21 U.S. companies will join her second trade mission, which will make three stops in the Middle East from […]
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.
Dachser USA has entered a newly expanded warehouse in Chicago, which will serve as its Midwest hub providing cross-docking, warehouse storage, distribution, and buildup and breakdown of air and […]
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 […]
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 […]
