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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 […]
The U.S. Coast Guard began allowing ships to move through special zones of the Port of Houston’s ship channel Tuesday afternoon after being closed since Saturday due to an […]
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 […]
As of Monday evening, the Port of Houston remained closed due to the continuation of oil cleanup work underway in the shipping channel. Meanwhile, there are 46 outbound vessels […]
Four Fortune 100 companies and Burlington Northern Santa Fe Railway have formed the Alliance for American Competitiveness to push Washington to make strategic investments in infrastructure that support economic […]
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 […]
CMA CGM, UASC and China Shipping are introducing a new weekly container service between the Red Sea and the Far East. CMA CGM said the new Asia Southern Red […]
The Port of Houston’s Ship Channel remained closed Monday morning as the U.S. Coast Guard and other authorities continued to respond to a Saturday oil spill that resulted from […]
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 […]
Damen Shipyard Group has opened a new shipbuilding yard facility along Vietnam’s Cam River. The yard is built on a 43-hectare (430,000 square meters) site with direct access […]
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. Export-Import Bank and the Philippine government’s Department of Energy entered a memorandum of understanding Friday to exchange information related to matching development needs in the Philippines with […]
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 […]
Hong Kong-based Cathay Pacific Airways will officially start its twice-weekly Boeing 747-8 freighter service into Columbus, Ohio’s Rickenbacker International Airport when the first aircraft lands at 5 p.m. Friday. […]
NYK said that starting May 1, it will no longer provide chassis at marine, truck depot and intermodal rail facilities in Long Beach, Calif.; Los Angeles; San Diego, Calif.; and […]
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 […]
British Columbia said Wednesday that it, along with Port Metro Vancouver and the Canadian government, are “taking immediate and coordinated action” to try and end the truck driver strike […]
Ingram Barge Company said it has begun participating in the new barge freight component of the SmartWay Transport Partnership, a public-private partnership between the U.S. Environmental Protection Agency and […]
A group of U.S. and Uruguayan government officials, as well as local politicians and industry representatives, gathered in Philadelphia on Wednesday to celebrate the recent arrival of containerized shipments […]
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 Delaware Economic Development Office will issue a request for proposals later this month from the private sector on expanding the ramp area and load-bearing capacity at Dover Air […]
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 […]
Wallenius Wilhelmsen Logistics and “K” Line said Tuesday that they had received final cease-and-desist orders from the Japanese Fair Trade Commission along with surcharge orders.
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 team of Navy SEALs boarded and took command of the commercial tanker Morning Glory in the Mediterranean Sea, southeast of Cyprus, on Sunday evening, according to the U.S. […]
Supply chain commerce solutions provider Manhattan Associates said Monday that the global heating and air-conditioning provider Lennox International, has doubled its distribution footprint via a strategic redesign of its […]
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 […]
A news report on Friday erred on the Port of Cleveland’s stance on open lake dredge disposal. The Port of Cleveland did not approve a measure to immediately […]
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 […]
The WorldWide Alliance, a network of neutral non-vessel-operating common carriers, has expanded its less-than-containerload services by adding nine countries to its global coverage. Central America will benefit the […]
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 […]
Bloom INTTRA, a multi-carrier e-commerce network for ocean shipping, said Ken Bloom, its long-time chief executive officer, will step down from his job this year upon completion of a […]
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 […]
As the the second anniversary of the U.S.-Republic of Korea Free Trade Agreement (KORUS) nears, exports of U.S. manufactured goods to Korea have increased, and Koreans are buying more […]
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 […]
CMA CGM will begin calling the port of Buchanan in Liberia with its PC North service March 24, the company said. The French container carrier said it is […]
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 Federal Maritime Commission “unanimously voted to effectively allow the Ports of Seattle and Tacoma to move forward on a cooperative agreement to exchange information and work together to […]
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 […]
Florida Gov. Rick Scott visited the Jacksonville Port Authority on Monday to kick-off the beginning phase of the Intermodal Container Transfer Facility, which is expected to be completed in […]
Hanjin Shipping announced Monday that it will continue calling the Port of Portland on a weekly basis. Last fall, the Asian shipper told port officials, including terminal operator […]
Global Terminal in Bayonne, N.J., is upgrading its terminal operating system (TOS) by becoming the first company in North America to upgrade to version 2.5 of Navis’s N4 TOS. […]
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 […]
Investigators are trying to determine the cause of a fire that broke out Thursday on a barge that was being towed to Puerto Rico as part of Crowley Maritime’s […]
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, […]
Endeavour Capital has acquired Port Logistics Group, which currently operates more than 5 million square feel of warehouse space domestically, for an undisclosed amount.
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 […]
President Barack Obama on Tuesday released a $3.9 trillion budget for fiscal year 2015, with a 2.6-percent budget increase for U.S. Customs and Border Protection, a $10 billion freight […]
Non-vessel-operating common carrier Troy Container Line has entered a partnership with Basic Warehousing & Distribution for container freight station services in the Chicago area. Basic Warehousing’s Oak Grove […]
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.
Shippers have begun getting squeezed by truck capacity, according to an industry note by Cowen and Company. The firm said that during the South West Association of Rail […]
Rail Logistics, which owns and operates the “Cold Train” express refrigerated intermodal service on the BNSF Railway network between the Pacific Northwest and Chicago, has been acquired by Federated […]
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 […]
For the past few years, the supply chain leadership mantra has been “agility.” The economic downturn taught virtually every business, in every industry, the importance of building speed and […]
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.
Overcapacity, lackluster rates, terminal inefficiencies and potential labor disruption could upset liner carriers’ performance into 2015. At best, shippers and liner carriers in the transpacific trade are faced with […]
Water route could support more finished vehicle exports to United States. Global manufacturers are stampeding into Mexico to take advantage of affordable, quality labor and proximity to the U.S. […]
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 […]
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 […]
Obama puts agencies on notice to be team players, join unified trade data system. In less than three years, many bureaucratic headaches associated with importing and exporting cargo […]
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 […]
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 […]
I was recently speaking with someone at one of the larger U.S. freight brokerages when he mentioned in passing the size of the company’s IT department in terms of […]
