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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 […]
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.
CEVA Logistics will move its Panama City operation this month to a 4,400-square-meter warehouse near the Panama Tocumen International Airport. The firm will manage multiple customers from the […]
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 […]
“The two sides will establish a comprehensive strategic partnership and a resource-sharing mechanism in areas of shipping, terminal operation, logistics, shipbuilding, ship repair, etc.,” the liner companies said.
Maersk Line will offer service to Georgetown in Guyana and Paramaribo in Suriname using its “Calypso feeder,” starting next month. The company said it will serve the markets […]
A joint venture between Rickmers Group and Apollo Global Management has purchased six Panamax container vessels from Hamburg Süd for $176 million. The ships, have been chartered back […]
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 […]
The Intermodal Association of North America is recommending that the U.S. Department of Transportation include freight intermodal connectors as part of the nation’s Primary Freight Network.
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 […]
International Shipholding Corp. (ISC) — the parent company of several shipping companies including Central Gulf Lines, Waterman, United Ocean Services and CG Railway — said it will return its […]
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 […]
New services pop up around the country to move perishables by train. Class I railroads have done a masterful job since 2000 developing their intermodal franchises to the point […]
Industry experts advise taking control of process rather than letting it drive you. While the U.S. government’s ongoing initiative to reform its Cold War-era export control regulations promises significant […]
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 […]
