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 […]
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 […]
Consumers are an influential bunch, and just as they have pushed express companies to deliver products when and where they want them, so too are they having the same […]
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 […]
The chief executive officer and founder of the container shipping analyst SeaIntel Consulting, Lars Jensen, has launched a new company focusing on cyber security in the maritime industry.
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 […]
Donjon Shipbuilding and Repair, located in Erie, Pa., has entered a contract to construct a 185,000-barrel coastal petroleum and chemical barge for Seabulk Tankers. The barge will become […]
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.
The United States on Monday requested World Trade Organization dispute settlement consultations with India concerning domestic content requirements in Phase II of India’s National Solar Mission. The U.S. […]
About one in three containership sailings between China and North America were pulled by carriers during the week of Feb. 3-9, according to BlueWater Reporting, which has launched a […]
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. […]
“This initiative is charged with bringing together federal resources to help rural businesses and leaders take advantage of new investment opportunities, and access new … markets abroad,” the White […]
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 […]
The U.S. trade deficit also improved $63.1 billion from the past year to $471.5 billion. Merchandise exports to the 20 economies that have trade agreements with the United States […]
The U.S. Export-Import Bank said it’s now open for business in Burma to help finance short-term and medium-term U.S. export sales. “After a diligent review, the bank’s board […]
“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 […]
American Roll-on Roll-off Carrier (ARC), the largest U.S.-flag ro/ro carrier, recently delivered 29 Abrams tanks and 33 Bradley fighting vehicles to the port of Bremerhaven, Germany. The Abrams […]
The agency said its proposed a rule would require certain shippers, receivers, and carriers who transport food by truck and rail for either human or animal consumption take steps to […]
Question: What agency has the most significant role in protecting U.S. commerce from infiltration by drug smugglers, terrorists, thieves and even pests and harmful products? Answer: Customs and […]
This recent research is considered one of the largest real-world studies ever conducted with commercial truck drivers, and included 106 participants, 1,260 days of data and nearly 415,000 miles of […]
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 […]
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. […]
A chemical tanker collided with COSCO’s containership Fei He on Jan. 29 while arriving in Singapore from Tanjung Pelepas. COSCO said the ship sustained damage to the portside […]
Kuehne + Nagel has extended its logistics provider partnership with SAS Scandinavian Airlines (SAS Technical Operation) for another three years. K+N’s Copenhagen airport office provides door-to-door logistics services […]
Henningsen Cold Storage has started construction on a 2.7 million-cubic-foot expansion to its Portland, Ore., facility. Originally built in 2008, the facility supports many shippers requiring frozen and […]
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 […]
AutoInfo, Inc., the parent company of Sunteck Transport Group and E-Transport Group, will become Sunteck, effective May 1. As part of the re-branding initiative, the capacity division, which […]
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 […]
C.H. Robinson has opened an office in Innsbruck, Austria. The new office will help the company expand its European road transport services. Chucko Beslic, a nine-year transportation industry […]
The trade association warned, if left unchanged, the Renewable Fuel Standard volume requirements would “significantly damage the nation’s growing biodiesel industry and adversely impact soybean growers.”
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.
U.S. steel imports fell by 3.5 percent in December 2013 compared to the previous month based on a preliminary review of government data by the American Institute for International […]
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, […]
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 […]
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 issues profit warning
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 […]
By sharply reducing its debt and continuing to reduce expenses, container carrier Zim believes it will be able to stay on course, even if the container shipping industry continues […]
DP World said it has begun using a spreader bar on one of the cranes at its London Gateway terminal that is capable of lifting four 20-foot containers or […]
The competency of the crews is a major advantage of using the U.S. flag fleet when shipping goods around the world, but cost is a major drawback, according to […]
In a filing with the Tel Aviv Stock Exchange and Israel Securities Authority, Zim’s parent company Israel Corp. outlined a “term sheet” for a financial restructuring of the container […]
Hapag-Lloyd said it has signed a memorandum of understanding with the Chilean container shipping company CSAV about combining the container shipping operations of the two companies.
Opponents of a fee charged by the Port Authority of New York and New Jersey on cargo moving through the port are halfway toward their goal of having it […]
Seago Line will open a direct weekly call from Aarhus, Denmark, to St Petersburg, with the first call scheduled for Jan. 25. The service will depart on Saturdays […]
“This significantly younger fleet, combined with the fact that the P3 carriers will deploy significant larger vessels than the G6 carriers, means that the P3 alliance will have substantial lower […]
Car Carriers Investment AS, a 50/50 joint venture between a subsidiary of Klaveness Marine Holding and a subsidiary of J.P Morgan Global Maritime Investment Fund, intends to start a voluntary […]
Canada’s St. Lawrence Seaway Management Corp. (SLSMC) said the waterway saw a surge in ships carrying grain in December, but volumes were lower on the waterway in 2013 than […]
The ports of Seattle and Tacoma said last week that they have filed a discussion agreement with the Federal Maritime Commission that will allow them “to gather and share […]
