Drewry: Container rates fell 6 percent from March to July
Container pricing on major East-West trade lanes drops by 6 percent.
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Container pricing on major East-West trade lanes drops by 6 percent.
Maersk and MSC say they plan to initially operate 97 ships ranging in size from 4,000 TEU to 13,000 TEU in the 2M vessel sharing agreement on trades to […]
CMA CGM said average revenue per TEU decreased by 3.9 percent over the period. However, the company said, “Freight rates remained volatile overall, with the usual high level of […]
The container liner company Mediterranean Shipping Co. said its Terminal Investment Limited affiliate has acquired Global Infrastructure Partners’ 50-percent interest in a company that owns Exoglan, the largest container […]
Judge Susan Wigenton wrote in her decision “the eradication of racial and gender-based discrimination is a purpose of the compact” between New York and New Jersey that created the […]
Worldwide Flight Services said it will acquire Swissport’s cargo business at Copenhagen Airport. As part of the deal, Swissport will transfer all business activities, including assets, to WFS […]
Maryland’s Department of Transportation has terminated an agreement with CSX to build the Baltimore Rail Intermodal Facility at Morrell Park and has pulled all state funding from the project. […]
Maersk said that due to backlog of plastic scrap containers, it will no longer accept plastic scrap from the U.S. and Canada to Haiphong and Da Nang, Vietnam, effective […]
The U.S. Federal Maritime Commission has received 32 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from American General […]
The U.S. Federal Maritime Commission has received 32 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from BeyondVista Corp., […]
With millions of truck-driver job ads flooding the market, the survey found that 79 percent of the drivers polled agreed that salary was most important when choosing a job. […]
S&P said, “The stable outlook reflects our view of the HPA’s prudent management of its capital program to date and our expectation that it will not issue significantly more […]
Bruce Wargo, the president and chief executive of PierPass, said, “While port congestion has increased worldwide, the Ports of Los Angeles and Long Beach are handling these pressures better […]
Direct ChassisLink Inc., the Charlotte, N.C.-based chassis leasing company formed when Maersk Line decided to divest itself of its chassis fleet, has acquired REZ-1, a provider of domestic intermodal […]
The Port of Virginia handled 207,771 TEU in July, surpassing the monthly record set last October by 1,174 TEU. The port’s revenues during the month were $37.9 million, […]
The Port of Houston Authority said more steel moved across its docks in July than in any month since 2008. For the month, steel volumes reached 844,000 tons. […]
Two cargo terminals at the Port of Long Beach suspended vessel operations Wednesday because 10- to 15-foot high wave surges powered by Pacific Hurricane Marie endangered longshore workers. High […]
Maersk said it is raising rates Oct. 1 on transatlantic services from North Europe and the Mediterranean to the U.S. A general rate increase will be implemented on […]
Two New York state residents — Chenglan Hu, 52, and Hau Fei Zhang, 53 — pleaded guilty Wednesday to importing more than 100,000 counterfeit and hazardous children’s toys from […]
FreightWatch International put out a call to action for logistics firms to “ensure security protocols are up-to-date and in line with industry best practices for both in-transit and warehouse […]
ZIM said it has upgraded its service between the Mediterranean and West Africa. The weekly MAF service will operate six vessels with the rotation of Tarragona – Valencia […]
The ILWU and the PMA said that they had reached a tentative agreement on terms for health benefits, subject to agreement on other issues.
CEVA Logistics said it will expand its operations in San Diego by opening a new 125,000-square-foot logistics facility with 23 dock doors. The facility will combine two current […]
The International Longshore and Warehouse Union and the Pacific Maritime Association, which represents employers, said Tuesday that they had reached a tentative agreement on terms for health benefits.
The petitioners for this investigation are the American Sugar Coalition and its individual members. The product covered by this investigation is sugar derived from sugar cane or sugar beets.
Steel shipments into the United States continued to grow in July, expanding by more than 6 percent from June and nearly 56 percent from a year earlier, according to […]
The agreement with the Pacific Northwest Grain Handlers Association ends a lockout at Portland’s Columbia Grain and Vancouver, Wash.’s United Grain facilities that had been going on for more than […]
In a letter to the president of Local 8 of the dockworkers’ union in Portland, Bill Wyatt, executive director of the Port of Portland, said the port authority had made […]
Maersk spokesman Tim Simpson speaks on the move to a Florham Park, New Jersey location.
The company said the sale of its terminal in Portsmouth, Va., has been concluded with a partnership comprised of affiliates of investment funds managed by Alinda Capital Partners and Universities […]
The 79-year-old chairman and former chief executive of the Pasha Group died last week in Lake Tahoe, Calif. The company has operated a ro/ro vessel in the U.S. mainland-Hawaii trade for […]
The Alabama State Port Authority on Monday completed the purchase of two industrial properties formerly owned by Walter Energy. The properties cost the port $25 million, and include […]
Classification services provider ABS has opened a new office in Beijing. The firm opened its first office in China at Shanghai in 1993. “Our Beijing office will […]
A retail trade association has once again called on the Pacific Maritime Association (PMA) and International Longshore and Warehouse Union (ILWU) to reach an agreement on an new contract […]
A coalition of trucking groups, led by the American Trucking Associations, asked the U.S. Transportation Department to remove the scores produced by the Federal Motor Carrier Safety Administration’s Compliance, […]
The U.S. Export-Import Bank has authorized a pair of direct loans to two wind power projects in Peru for the export of wind turbines manufactured in Hutchinson, Kan., and […]
The import restrictions challenged by the United States in this dispute include an import licensing requirement and restrictive trade-related requirements imposed by Argentina.
Oscar Hasbun, the chief executive officer of CSAV, said his company has “a reasonable expectation that we will be able to obtain the necessary approvals from regulatory authorities this […]
ZIM said a reduction in revenues was a result of discontinuing some lines, not having revenues from a container manufacturing plant sold in 2013, and a 3-percent drop in […]
UPS will open two package-distribution warehouses in the Dallas area by November, adding more than 700,000 square feet of handling space to the region. Officials await the opening […]
The U.S. Department of Agriculture said Friday that California citrus farmers may restart exporting to China this season. In April 2013, California-origin citrus was barred from entering China after interceptions of […]
Probably better known to French tourists and stamp collectors than many people in the logistics industry, the container carrier said nevertheless Reunion’s location puts it at “the crossroads between Europe, […]
Sea Star Line has placed an order for 100 new 40-foot and 50 45-foot refrigerated containers. The order comes in the third year of a five-year plan that […]
The Danish container carrier said its customers were unprepared for the Russian counter-sanctions and it is working with these shippers’ origin offices to “find the best and most cost efficient […]
International customs officials at the World Customs Organization in Brussels have recently agreed on 234 changes to the global system that categorizes products that are imported and exported around the […]
Econocaribe Consolidators of Miami has filed a complaint against another ocean transportation intermediary, Amoy International of City of Industry, Calif., at the U.S. Federal Maritime Commission, asking for reparations of […]
Globe Tracker International has formed a strategic relationship with Total Soft Bank Ltd. Globe Tracker, a Danish firm, specializes in global assets tracking, while Busan, South Korea-based Total […]
A group of U.S. sugar users said Mexico should not be used as “scapegoat” for the fluctuations in U.S. sugar prices. “Instead, the focus should be on reforming […]
Minyan Marine is just one of two companies investigating the possibility of using articulated tug-barges to offer short-sea services for domestic shippers of containerized cargo in the United States.
Neptune Pacific Line is not affiliated with Neptune Orient Line of Singapore, but is owned by the Los Angeles-based conglomerate Roll Global, which is best known for its food […]
Protests targeting ZIM Line are expected in Tacoma and Seattle later this week in the wake of demonstrations that disrupted cargo operations at the Port of Oakland. A […]
The port said the 12-acre project will result “in a modern and efficient intermodal container transfer terminal to facilitate the movement of marine and rail cargo, while enhancing safety […]
Member container shipping lines in the Transpacific Stabilization Agreement (TSA) are proposing an across-the board general rate increase of at least $600 per 40-foot container to all destinations, effective […]
NOL said it “continually evaluates all available options to improve the strategic positioning and performance of its businesses. These include considerations of a potential sale or initial public offering.”
An attempt by anti-Israeli protesters trying to block a Zim Line ship from discharging and loading cargo in the Port of Oakland has turned into a high stakes game […]
A ZIM vessel, as well as well as several others, awaits container handling in the Port of Oakland. The Oakland International Container Terminal’s manager hopes to resume movement of […]
A.P. Moller-Maersk Chief Executive Officer Nils Andersen said that during the second quarter, “we saw a relatively stable rate environment,” but that rates are low, and at some time, […]
CEVA Logistics has expanded its operations at Los Angeles International Airport, adding a 369,000-square-foot facility. The new building features 50,000 square feet of office space and 170 dock […]
The company said the next-day, cross-border service to the Toronto metro area is provided at no additional cost to customers with shipments traveling from Ohio, Indiana and Michigan.
Inbound containers were 363,394 TEU, down about 2 percent from July 2013; outbound containers were 163,295 TEU, up 4 percent; and empties were 190,719 TEU, up 2 percent.
Industry stakeholders, regulators and the general public are encouraged to take part in the forum, which will be held on Sept. 15 from 9:30 a.m. to 4 p.m. at […]
Drewry says the number of containerships afloat decreased in the first half of 2014 and could fall on an annual basis this year for the first time in at […]
The asset tracking solutions provider Globe Tracker International has begun a partnership with Refrigerated Transport Electronics, a developer and manufacturer of monitoring products for the intermodal refrigerated container industry, […]
Members of the International Longshore and Warehouse Union did not cross a picket line thrown up at the Port of Oakland Sunday evening by several hundred persons protesting Israeli […]
Recently formed Chit Chat offers classes in general logistics education, as well as detailed topics such as air export, ships and shipping, customs brokerage, and Incoterms.
Sabahaddin Akman, owner of the Istanbul, Turkey-based firm Ozay Pharmaceuticals, pleaded guilty to charges of smuggling misbranded and adulterated cancer treatment drugs into the United States, said the U.S. […]
California funds study of hybrid dray trucks powered by overhead wires to achieve cleaner air. The demise of the electric trolley car network that once crisscrossed Los Angeles is […]
Ask most American high school seniors what they plan to study in college, and you will likely get answers such as accounting, engineering, education and pre-med, to name a […]
Small Calif. firm wants to commercialize cheaper, clean-air alternative to electrifying berthed vessels. In an effort to reduce air pollution, West Coast ports and shipping lines have spent hundreds […]
As of mid-August, there has been remarkably little information coming out of talks between the International Longshore and Warehouse Union and Pacific Maritime Administration over a new contract to […]
CSCMP, universities work with companies to prepare graduates for growing field. As the field of supply chain management becomes ever more important as a competitive differentiator among the world’s […]
Last year might be one both shippers and transportation companies moving cargo through the Port of New York and New Jersey would like to forget. Congestion got so bad […]
Looming capacity shortage, regulatory demands and driver shortage triggers. After high spot rates during the first few months of the year, prices for van, refrigerated and flatbed transport came […]
U.S. dairy export growth is something for these shippers to smile about. Dairy exports have increased rapidly in the past two decades, growing from $982 million in 1995 to […]
Liner carriers are under enormous pressure to confront overcapacity and cleaner fuel requirements. While there are some signs that the economy is improving in the United States and Europe, […]
A new company, Minyan Marine, believes it has a winning formula for building a successful “marine highway” operation. While coastal shipping of containers or truck trailers are common […]
The Ontario Teachers’ Pension Fund, which owns marine terminal operations at ports in New York and Vancouver, Canada, is actively seeking to grow its portfolio of infrastructure assets. But […]
This decision involves a shipment of clothing moving from China to Mexico that “went missing” along the way. (U.S. v. C.H. Robinson. Federal Circuit Court of Appeals. No. 13-1168. […]
The company said its terminal in Odessa was being affected by the crisis in the Ukraine, with container throughput falling “considerably short of the previous year’s figures.”
Revenues were 34.3 billion NTD in the second quarter this year, compared with 29.9 NTD last year. Yang Ming also announced it has upgraded its southeast Asia service and […]
Aluminerie Alouette expects to ship close to 500,000 metric tons of aluminum to U.S. ports including Oswego; Toledo, Ohio; and Detroit on barges owned by McKeil Marine over the […]
Protesters are targeting Zim Line in a demonstration planned at the Port of Oakland Saturday. Several groups in the San Francisco Bay area had said they were going […]
Evergreen Marine Corp. had a profit of 412 million New Taiwan dollars ($13.7 million) in the second quarter of 2014, compared with a loss of 569 million NTD in […]
Reefer container volumes are forecast by Drewry to rise by 20.5 million tons by 2018 — 16.5 million tons by organic growth and 4 million tons at the expense […]
The company moved about 2.9 million TEU of container cargo in the first half of 2014 — 5.8-percent more than in the first six months of 2013 — but […]
Hatch Mott MacDonald said it will lead the design for the Eastport Development of Port Tampa Bay in Florida. The engineering company said the facility will initially handle […]
U.S.-flag Great Lakes carriers moved about 11.36 million tons of cargo in July, their highest monthly total in two years, according to the Lake Carriers’ Association, which represents 17 […]
The Port of Savannah handed 293,889 TEU in July, a 19.2-percent increase over the previous year, and an all-time high. “Improved confidence among U.S. retailers, newly added port […]
The shipping publication Lloyd’s List is reporting that Samsung will build a minimum of three 19,200-TEU ships for Scorpio Group, which will bareboat charter the ships to Mediterranean Shipping […]
Federal Mediation and Conciliation Services said it would neither comment on nor disclose the terms of the agreement on a contract with grain elevator operators.
“Steve has been integral in many of my successes. His combination of political, policy and communications know-how has been a tremendous asset,” said Bill Shuster, head of the House […]
C.C. Tung, chairman of OOIL, said that “there are underlying developments that support a degree of cautious optimism” about the outlook for the shipping industry.
APM Terminals Izmir in Turkey has recently ordered three ship-to-shore quay cranes capable of handling containerships larger than 10,000 TEU from ZPMC in China. In addition, the terminal […]
Third party logistics services provider Agility has entered a partnership with Shanghai International Port Group Logistics (SIPGL) to expand its East China ocean freight services. The agreement covers […]
Hapag-Lloyd officials have said the carrier will scrap older ships at “green recycling yards.” The company confirmed reports by Deutsche Presse-Agentur and broadcaster Deutsche Welle that it will […]
“DP World Vancouver is still experiencing an extremely high discharge volume of U.S. cargoes. This, combined with a Canadian cargo increase and rail car supply that does not meet […]
Pasha has said the ship is expected to enter service later this year, carrying containers and ro/ro cargo between Southern California and Hawaii, where today it operates the ro/ro […]
Russia’s import ban in response to sanctions from the U.S. and Europe over the war in Ukraine will hurt companies that ship a variety of agriculture products, according to […]
Hapag-Lloyd has announced several rate increases. Effective August 18, it will increase rates for all cargo and container type moving from the Far East to Mediterranean or North Europe […]
Moody’s put MOL’s Baa3 rating — the lowest of its investment grade ratings — under review on Monday after MOL reported earnings of 8.5 billion yen ($84 million) for […]