The U.S. Commerce Department on Thursday reported that the country’s exports of goods and services dropped slightly to $188.9 billion, from $189.3 billion in August. Exports through the […]
U.S.-flag Great Lakes freighters carried 9.8 million tons of dry-bulk cargo in October, an increase of 14.4 percent compared to a year ago, according to the Lake Carriers’ Association […]
Hanjin Shipping said it had a loss of 317.6 billion ($297 million) South Korean won in the third quarter compared with a loss of 47.3 billion won in the […]
The Department of Defense said that Maersk Line Ltd., the U.S.-flag arm of Maersk based in Norfolk, Va., has been awarded a $73,677,038 firm-fixed-price contract for the time charter […]
The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service is considering which pests actually pose a risk to the country’s agriculture sector when found in imported goods […]
Quarterly revenue of $14.6 billion for the group was down less than 1 percent, and the company said increased profit was achieved at all its businesses except Maersk Oil […]
The American Institute for International Steel has appointed Richard Chriss as its new executive director, replacing David Phelps, who is retiring. Phelps served as the AIIS executive director […]
Piraeus Container Terminal (PCT), a wholly-owned subsidiary of COSCO Pacific Limited, and Piraeus Port Authority have proposed to amend a 2008 concession agreement relating to Piers 2 and 3 […]
Ocean liner carriers “have had little choice but to focus on cost savings and increased efficiency as their strategy,” said Christopher Koch, president and chief executive officer of the […]
The Port of Oakland said Friday it has completed construction of its shore power infrastructure that will allow ships to “cold iron” — plug into electricity generated on shore […]
Import volume at the nation’s major retail container ports grew 6.5 percent in October compared to the same month last year despite the government shutdown, and year-over-year increases are […]
Hapag-Lloyd said it had profit in the third quarter of 16.6 million euro ($22.31 million), compared with 45.6 million euro in the same period last year, but said freight […]
Hanjin Shipping said Young Min Kim, president and chief executive officer, resigned “to take responsibility for the company’s continuing losses and delay on financial support from major creditor banks.”
The Canadian Industrial Transportation Association is changing its name to Freight Management Association of Canada/Association canadienne de gestion du fret. Robert Ballantyne, president of the group, said the […]
Under the program, ocean carriers will earn $5 per TEU for each incremental container shipped through the port in 2014. The rate jumps to $15 per TEU if a […]
Since 2005, plant cargo into Atlanta has increased from fewer than 4 million plant imports to more than 200 million plants, according to officials. Atlanta is also the second-busiest […]
The U.S. Federal Maritime Commission has received 34 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 34 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Alpha Global Enterprise, […]
FMC reviews 34 OTI license applications
The U.S. Federal Maritime Commission has received 34 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 34 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from JZ Cargo Logistics […]
The U.S. Federal Maritime Commission has received 34 ocean transportation intermediary license applications and changes for review.
APL Turquoise, a ship deployed on APL’s Asia-Australia Express (AAX) service that connects Singapore, Port Kelang, Malaysia, and various ports in Australia was unable to offload cargo in Fremantle […]
“North Europe Global Port Tracker” projects a recovery in container cargo volumes next year, just as significant numbers of ultralarge containerships are being delivered.
The U.S. Maritime Administration said Thursday it will spend $1.4 million on two projects looking at use of liquefied natural gas as a fuel for marine propulsion. In […]
Minjie China COSCO Holdings Co. Ltd. said Thursday in a notice posted with the Hong Kong Stock Exchange that it “has been informed by the controlling shareholder, China Ocean Shipping (Group) […]
Matson said Wednesday it has signed a contract to have Aker Philadelphia Shipyard build two new 3,600-TEU containerships for an aggregate price of $418 million. The new ships […]
The Mexican military and federal police have taken control of the port city of Lazaro Cardenas. CNN said a government spokesman told it that “the Mexican navy, army, […]
Horizon’s president said the improvement was “driven largely by reduced vessel charter expense, increased non-transportation revenue, lower dry-dock transit and crew-related expenses, and reduced overhead.”
The container terminal has a designed capacity of 2.8 million TEUs and is designed to service the world’s mega container vessels. The terminal is expected to commence operations in […]
Expeditors International of Washington said it had a profit of $92.4 million in the third quarter of 2013, 4-percent more than the $88.5 million earned in the same 2012 […]
Clean Energy Fuels Corp. said last week that it has placed a purchase contract on property in Jacksonville, Fla., where it hopes to build a liquefied natural gas (LNG) […]
NYK and its Nippon Container Terminals subsidiary are acquiring a 12.5-percent stake in Yang Ming’s Kao Ming Container Terminal Corp. (KMCT). KMCT was established as a build-operate-transfer project […]
Damco has opened a new warehouse in Semarang, Central Java. The warehouse is Damco’s fourth container freight station (CFS) facility in Indonesia and the second in Semarang. The company’s […]
Drewry said the P3 carriers are projected to maintain or improve headhaul vessel speeds, and the firm expects competitors “to follow P3’s speed improvement on headhaul routes in 2Q […]
The Port of Jacksonville and long-time tenant Trailer Bridge, Inc., have signed a new 10-year lease contract, which includes two additional five-year options. The agreement continues the company’s operations […]
The Shanghai Container Freight Index spiked upward on Friday, reflecting general rate increases being implemented by many carriers. Container spot rates increased for the sixth time in the past […]
Rickmers Holding GmbH & Cie. KG, parent of the Rickmers Group of shipping companies, has increased a corporate bond placed in June 2013 by 50 million euros ($67 million) […]
The Port of Long Beach is ready to meet California’s mandate for at least half of all container ships to run on shore-side electricity at berth beginning Jan. 1, […]
Hutchison Port Holdings (HPH) said it had profit of 966.3 million Hong Kong Dollars ($124.6 million) in the third quarter ending September 30, about 2 percent less than the […]
Non-vessel-operating common carrier Vanguard Logistics Services announced customers will be able to book their cargo to worldwide destinations from India on the NVO’s bill of lading and have 24-hour […]
“The timing of these increases is important, as prevailing spot market rates have a very strong influence on contract rates, for which negotiations are presently getting underway for 2014 […]
Evergreen said Sun Right, a 4,229-TEU chartered containership in its fleet, has sustained mechanical problems off the coast of California while on an eastbound voyage (Voyage No. 0607-119E) in […]
The Japanese classification society Nippon Kaiji Kyokai (Class NK) is proposing safety measures following its own investigation of the MOL Comfort casualty this summer and the deliberations of a […]
The American Institute for International Steel (AIIS) said U.S. steel exports increased in August compared to July by 5.5 percent, but were down compared to August 2012 by 2.1 […]
Marking the one-year anniversary of the U.S.-Panama trade agreement entering into force Thursday, U.S. Trade Representative Michael Froman highlighted significant increases in American shipper activity to the Central American country. […]
Japan’s three large shipping companies — NYK, MOL and “K” Line — all reported better results for the periods ending September 30, when compared to the prior year, largely […]
The U.K. P&I Club said a recent incident in which containers of crab shell meal caught fire due to self-combustion has highlighted safety issues with the substance, which is […]
China Shipping Container Lines Co. Ltd. said it had a net loss of 404 million yuan renminbi (RMB) in the third quarter ending September 30 compared to a net […]
International Bunkering, one of the world’s largest bunker and lubricant trading companies, has acquired U.S. bunker brokerage firm Glander International. All brand equities will be transferred from both […]
Bogatch-Genossar The New York/New Jersey Foreign Freight Forwarders and Brokers Association has named Lea Bogatch-Genossar, ZIM’s Americas, Canada and Caribbean Area President, their Person of the Year. She […]
By sharing vessel space, the carriers said they will increase total capacity in the trade by using two 2,500-TEU-capacity vessels, resulting in a more efficient operation and reduced carbon […]
FESCO Integrated Transport North America has launched a new regular container service from North America to St. Petersburg, Russia, from the ports of New York, Norfolk and Charleston with […]
China Cosco Holding Co. Ltd. said it had a net loss of 737 million yuan renminbi (RMB) ($121 million) in the third quarter, compared to a 1.1 billion RMB […]
NOL Group, the Singapore-based parent of the container liner company APL, on Wednesday reported a net profit of $20 million for the third quarter of 2013, down from $50 […]
Hanjin Shipping said Wednesday that it is receiving a loan of 150 billion Korean Won ($141.6 million) from Korean Air, a major shareholder of Hanjin Shipping Holdings. In […]
AGL Resources said its Tropical Shipping operation had earnings before interest and taxes (EBIT) of $2 million in the third quarter compared to a loss of $1 million in […]
The agreement would give the three carriers the ability to discuss and agree on the size, number and operational characteristics of vessels to be operated on transatlantic and transpacific […]
“I believe management has good intent; I believe the ILA has good intent. But the big umpire in the room is the Waterfront Commission,” said Dennis Daggett.
Mobile, Ala.-based ASF Intermodal has opened an intermodal drayage facility in Chicago, the firm’s first location in the Midwest. The new Chicago terminal is the first of several […]
A.P. Moller-Maersk has appointed Morten Engelstoft to chief executive officer of Services and Other Shipping. In addition, Engelstoft will take over the position of CEO for Maersk Tankers, […]
The Obama administration expressed “serious concerns” about the enforcement of Guatemala’s worker-rights laws, expecting “solid progress” toward implementing the country’s commitments over the next six months.
The National Shipping Co. of Saudi Arabia, Bahri, said it had net profit of 146.1 million riyal ($39 million) in the third quarter compared with 60.2 million riyal in […]
INTTRA said that it will roll out a cloud-based product early next year that will allow shippers — even and small- and medium-sized businesses — to get better visibility […]
The Waterfront Commission of New York Harbor will hold November hearings on the New York Shipping Association and International Longshoremen’s Association’s request to add longshoremen, and checkers and clerks […]
OOCL lifted 1,349,205 TEU in the third quarter, 0.9-percent less volume than in the same period last year, according to a filing by its parent company, OOIL, with the […]
The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service is amending its regulations to allow the cold treatment of imported fruits and vegetables upon arrival at the […]
“As I explored retirement options, we searched for a buyer that would provide the best home for our customers and employees,” said Jim Keller, president of KFS, in statement.
Officials at the Maasvlakte II terminal have negotiated a three-year collective labor agreement with two Dutch unions, FNV and CNV. The new terminal has been in the testing phase […]
The Port of Cleveland said it plans to start a regularly scheduled express ocean shipping service between Cleveland Harbor and Europe in April. It will be the only scheduled […]
The House of Representatives on Wednesday voted overwhelmingly, 417-3, to approve H.R. 3080, the Water Resources Reform and Development Act of 2013 (WRRDA). The House Transportation and Infrastructure […]
Federal Maritime Commission Chairman Mario Cordero said he is hoping for a favorable response from regulators in the Europe and China to his call for a global regulatory summit […]
If the P3 Network is approved by antitrust authorities, its members — Maersk, MSC and CMA — will have “two large competitive advantages over their closest competitors,” said SeaIntel […]
Starting April 13, 2014, the federal government will no longer print traditional lithographic (paper) nautical charts, but will continue to provide other forms of nautical charts, including print-on-demand charts and […]
“Improving Working Conditions in the Ready-Made Garment Sector” focuses on minimizing the threat of fire and building collapse in ready-made garment factories and on ensuring the rights and safety […]
The Indianapolis International Airport has recently commissioned what’s considered to be the largest solar project at a U.S. airport so far, with an output of 12.5 megawatts of electric […]
According to Drewry, the portion of containers that are 40-foot high-cubes has risen from 41 percent in 2007 to 49 percent, and this percentage is expected to grow by […]
CMA CGM said it is investing in a new information system and has “entered into a strategic partnership” with SAP “to develop the first system totally dedicated to container […]
The Federal Maritime Commission has reached seven compromise agreements recovering a total of $617,500 in civil penalties. The agreements were reached with nine non-vessel-operating common carriers (NVOCCs) and […]
Cordero Federal Maritime Commission Chairman Mario Cordero is asking fellow regulators in the European Union and China to join with him in a global regulatory summit on the proposed […]
“This financing will expand the number of commercial biorefineries in operation in the U.S. that are producing advanced biofuels from non-food sources,” Agriculture Secretary Tom Vilsack said in a […]
The National Industrial Transportation League, the largest shipper organization in the country, is asking the Federal Maritime Commission (FMC) to closely examine the planned P3 Network that Maersk, MSC […]
Port officials will be meeting with Hanjin and terminal operator ICTSI Oregon in coming weeks. It said Hanjin will continue with weekly direct calls at Terminal 6 for the […]
The U.S. Grains Council (USGC) said that on last Friday, Oct. 18, the first-ever bulk shipment of U.S. sorghum to China berthed and began unloading at the Guangzhou Port […]
Shippers are a diverse group, and they can’t be expected to agree on everything. Still, we are surprised by the reception a proposal by the International Maritime Organization […]
DP World says London Gateway’s proximity to population can reduce costs. London Gateway, DP World’s new terminal, is scheduled to start regular operations Nov. 7 when the Southern Africa Europe […]
A group of large U.S. retail trade associations have asked the country’s lawmakers to renew the African Growth and Opportunity Act for at least 15 years “to ensure the […]
Legislation signed earlier this week by President Obama to reopen and fund the federal government through January 15, 2014, also contains a provision to fund the Maritime Security Program […]
Wells Fargo said today that it expects Matson will order ships or give a “material update” on new building plans by the end of the year, In an […]
Deep Water Now has been launched to encourage business and community leaders in the Northeast part of the state to support efforts to deepen the St. Johns River shipping […]
Green Marine, a voluntary marine industry environmental improvement initiative, and the American Association of Port Authorities signed a memorandum of understanding underscoring a new collaboration to advance the environmental […]
A U.K.-based provider of maritime research, Dryad Maritime Intelligence, is renewing calls for heightened vigilance by ships traveling near Somalia following the recent attack on two ships, including the […]
Liner carrier APL has put its newest containership, the 9,200-TEU APL Savannah, into service in the transpacific. The vessel, the fifth of a series of 12 on order, […]
Molasses was released in early September into Honolulu Harbor from a pipeline system operated by a Matson subsidiary, and the company said it is fully cooperating with regulators involved in responding […]
“Shippers are rightly worried about the potential of the P3 to eliminate effective competition in the world’s main liner trades,” said Chris Welsh, head of the Global Shippers’ Forum. “We […]
The companies have joined forces to establish Global Reefers NV, which they say will offer “the most efficient service on specialized reefers and container lines from Chile, Peru and Colombia […]
The Port Equipment Manufacturers Association (PEMA) has published an information paper on container weighing technologies. The paper’s release follows the International Maritime Organization’s recent decision to press forward […]
An influx of additional containership carrying capacity is hurting freight rates, especially the dynamics of the North-South trades, according to the London-based shipping consultants Drewry.
Drewry said the decision by ocean carriers to dump unwanted vessel capacity from their East-West schedules into North-South trade lanes “is now seriously hemorrhaging freight rate levels in North-South services.”
Container Trade Statistics says an aggregated volume data survey shows the container shipping industry “may be finally pulling out of one of its longest recessions in history.” “Overall, […]
