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Swayed by changing market conditions and trends, retailers continue to drive logistics services. In the wake of the 2009 financial crisis, U.S. liner imports fell 16 percent, exports […]
As China develops interior and urbanizes, its need to improve transport grows. Look for an increase in investment in and acquisitions of logistics companies by the Chinese in coming […]
Should the owner of a vessel be awarded damages for economic loss due to negligence in the absence of physical damage to its property? That issue was addressed […]
As medicines have become more specialized and their manufacture globally has advanced, the need for cold-chain transportation has skyrocketed. The demand for cold-chain providers who can not only […]
“K” Line said Friday it had recorded a loss of 5.7 billion yen ($54.8 million) as a loss provision related to the Japan’s Anti-Monopoly Act during the consolidated third […]
Drewry Maritime is forecasting that the majority of container shipping lines “will finish in the red for last year” and that freight rates remain historically weak. In a […]
The report found “supply chain analysis increasingly important for businesses. For the second year in succession, (business interruption) and supply chain risk ranks as the top peril in the […]
London Thamesport has welcomed the announcement of a new short sea container shipping service by A2B-online, a Dutch transport company specializing in full load, part load, and pallet consignments […]
NYK said it has increased its ownership of a car terminal company in Kazakhstan from 25 percent to 100 percent. NYK Holding Europe B.V., an NYK Group company, […]
The Justice Department on Thursday said two men were indicted by a federal grand jury in Las Vegas for violations of the federal renewable fuel program that allegedly netted […]
The U.S. Environmental Protection Agency issued a final rule this week to move ahead with the development of a national electronic manifest system to replace the existing paper-based system […]
The 20 largest container shipping companies lost an aggregate of $1.3 billion between 2008 and 2012 according to Dynamar, which attributes this increased volatility to the creation of the […]
The Japanese shipping company said the alliance will “organically connect TraPac’s expertise in top-level terminal operation with Toronto-based Brookfield’s knowledge of the infrastructure business in North/South America, Australia and […]
The Greenbrier Companies said Thursday that its Gunderson Marine division has received an order from Kirby Offshore Marine to build an articulated ocean-going oil and chemical tank barge, with […]
The Federal Maritime Commission wants more information on the proposed expansion of the G6 vessel-sharing agreement (VSA). Commissioners voted to ask for additional information from the G6 container […]
Pacific International Lines (PIL) will begin calling the Port of Seattle next month. Singapore-based PIL’s new Asia Pacific Northwest Service (ANW) will call Terminal 30 in partnership with […]
MOL is planning to sell a 49-percent interest in its TraPac terminal subsidiary to a Canadian company, Brookfield Asset Management.
Evergreen has taken delivery of an additional 8,508-TEU containership built at CSBC Corp.’s shipyard in Kaohsiung. The ship, Ever Lucid, will join one of the Taiwanese carrier’s Far East […]
INTTRA said the Chilean container shipping company CSAV will make INTTRA a preferred e-shipping platform for its shippers and freight forwarders. “By making INTTRA’s e-commerce capabilities and network […]
A bill that seeks to halt shipping fees charged by the Port Authority of New York and New Jersey has been passed by New Jersey’s Assembly and Senate. […]
The Maritime Administration kicked off a three-day “National Maritime Strategy Symposium” in Washington on Tuesday with calls to expand the U.S. flag fleet serving international trade. Secretary of […]
The manufacturing sector gained strength in the fourth quarter of 2013, with retail demand remaining sluggish, according to the investment banking firm Stifel Nicolaus. In a report issued […]
ILA members approved a national master contract that covers containerized cargo last April. But negotiations over local issues and handling of breakbulk cargo continued in some ports, including Baltimore.
The U.S. Senate Committee on Commerce, Science, and Transportation on Monday evening favorably reported President Obama’s nominees for several positions including: Paul Jaenichen, Sr., to be administrator of the […]
CMA CGM, Maersk, APL, OOCL, Emirates Shipping, Hamburg Süd and Regional Container Lines will cooperate on services between the Far East and Indian subcontinent starting next month.
Reederei NSB, the owner of the containership MSC Monterey, said repairs on its cracked deck and hull have been completed.
Members of the G6 Alliance today announced the cancellation of two Asia-Europe sailings in response to seasonal changes in market demand.
The Taiwanese carrier said it had signed charter agreements with both Costamare and Shoei Kisen Kaisha for each to provide, on charter, five 14,000-TEU containerships to be delivered during […]
The Rotterdam-based law firm AKD said shipping and international trade and logistics operators may benefit from a recent decision by European Justice Ministers, which will improve their chances of […]
Man Diesel & Turbo engines will power the new combination container/roll-on, roll-off ships being built by Crowley Maritime Corp. for its Florida-Puerto Rico service, the manufacturer said. Each […]
Menlo Worldwide Logistics announced last week they are implementing a new product-picking regime involving “Pick to Light Carts” developed by warehouse system integration specialist Inther Logistics Engineering. Menlo’s […]
Strikes have stopped operations at some ports in Chile near the beginning of the country’s winter fruit export season.
Container Trade Statistics said that “in line with market expectations, the global containerized output contracted in November, reflecting the cyclical trough associated with the final quarter of the year.” […]
Hanjin told customers on Thursday that it will end its New Trans Atlantic (NTA) service between the U.S. East Coast and North Europe. “This decision comes in light […]
The liner carrier Hyundai Merchant Marine this week launched a webpage dedicated to North American intermodal services. The page allows customers to search for service availability and tariffs. […]
NorthPoint Development announced Wednesday it will lease from Smart Warehousing a distribution center spanning more than 575,000 square feet, Inland Port IV, which is to be built at Logistics […]
The U.S. Commerce Department on Thursday announced its so-called “Look South” initiative to help American companies increase their exports to Latin America. The Look South Initiative is specifically […]
UPS Canada announced Monday the opening of a 200,000-square-foot healthcare distribution facility at its Burlington, Ontario, campus. The new addition provides healthcare companies and pharmaceutical manufacturers increased access […]
Gold Star Line (GSL) is ending its Australia China Express Line service known as ACX on Jan. 26 after more than four decades of service. GSL said it […]
APL said it will reorganize along functional instead of geographic lines “to drive its business forward.” “The container shipping industry is undergoing profound changes, characterized by low growth […]
The carrier said Thursday it has received a draft cease and desist order and a draft surcharge order from the Japanese Fair Trade Commission indicating it, as one of several […]
Canadian Prime Minister Stephen Harper was in Inuvik in the Northwest Territories Wednesday to mark the start of construction of the country’s first all-weather highway to the Arctic Ocean. […]
The Suez Canal Authority has announced the names of 14 consortia that have qualified to draw up master plans to develop an industrial and logistics hub for the canal. […]
The new affiliate will have a structure similar to Maersk’s other regional carriers, which include MCC Transport on intra-Asia trades and Seago on intra-Europe routes.
The Port of Oswego Authority in New York has appointed Zelko N. Kirincich to executive director. He replaced Jonathan Daniels, who took over as executive director and […]
Yusen Logistics announced today it will expand operations in Busan, South Korea, to reduce lead time and lower transportation costs for customers located along the coast of the Sea […]
Ownership of the parent company of SSA Marine, which describes itself as the world’s largest independent, privately-held marine terminal operator, has changed hands. Carrix, Inc. and its parent […]
A BBC report over the weekend found that construction on a canal that runs through Nicaragua would probably not begin until next year, but the AP reported Monday reported […]
A.P. Moller-Maersk said it is divesting its shares in a Danish supermarket chain, receiving net proceeds of $3 billion and an accounting gain of about $2.5 billion through the deal.
Union Pacific Railroad announced yesterday a new intermodal service between Laredo, Texas, and Memphis, Tenn., to support growing transportation needs for the automotive manufacturing and intermodal marketplaces.
Pilot Freight Services announced yesterday that its Raleigh station has moved to a new location adjacent to the Raleigh-Durham International Airport and minutes from Research Triangle Park. The […]
XPO Logistics has acquired Pacer International for $335 million, taking a large step into the intermodal arena. Pacer is the third largest provider of North American intermodal services […]
Yasumi Kudo, NYK Line’s president, said he has created an executive committee to oversee antitrust law compliance; he called on employees to “redouble our efforts to ensure antitrust law […]
The vessels, which have an average age of four years, will be delivered individually to Euronav over the coming months, once Maersk Tankers has fulfilled all existing contractual commitments.
Reederei NSB, the owner of the containership MSC Monterey, which sought protection in St. Mary’s Bay, Newfoundland, last week after developing a crack in its deck and hull, said […]
CMA CGM said one of its ships, the 5,770-TEU Rossini, lost 14 containers overboard off Ushant at the southern entrance to the western English Channel on the night of […]
Truck gates into the major container terminals of the Port of New York and New Jersey are closed today. Maher Terminals, the port’s largest, said it shut down its truck […]
The Shanghai Container Freight Index was set at 1,176.12 on Friday, Jan. 3, 62.39 points higher than a week earlier. The index is a weighted average of estimated […]
Kirby Corp., the nation’s largest tank barge operator and diesel engine services provider, said David W. Grzebinski has been elected president and chief operating officer, and that it plans […]
The liner carrier said its weekly service to Cuba will begin by using the country’s new shipping terminal in Mariel, instead of Havana. The service will start with the sailing of […]
Malcom Purcell McLean Jr., son of containerization pioneer Malcom McLean Sr., died at his home in Orange Beach, Ala., on Sunday, Dec. 29, after a prolonged illness. He […]
A Florida-based management consultant who previously was a port executive suggested that because Florida ports are receiving more assistance from the state they should “engage in an exchange of […]
SITC announced last week the completion of the second phase of its Vietnam development, a $6 million investment which includes a 44,800-square-meter depot, a 1,200-square-meter modern office building, and […]
COSCO Group said it held a ceremony in Ocean Plaza Dec. 30 for the signing of a shipbuilding contract with China State Shipbuilding Corporation for four 64,000 DWT dry […]
The first stage of a container terminal in Cuba at the Mariel Special Development Zone west of Havana will be opened this month by President Raul Castro and Dilma […]
Holt Logistics Corp. said it has completed a $2 million renovation to its 60,000 square-foot cold storage facility at Gloucester Terminal in Gloucester City, New Jersey.
Menlo Logistics’ European operations achieved a 16-percent, year-over-year increase in revenue in 2013, as the company added 50,000 square meters of warehouse space, it said recently. “Our growth […]
Owner Reederei NSB said that due to adverse weather conditions in the area, surveyors were unable to go onboard the 4,549-TEU containership MSC Monterey, which developed a crack in […]
A car carrier collided with a chemical tanker off South Korea’s southeast coast on Sunday, causing the tanker to catch fire, but press reports say 91 crew members on […]
The Panama Canal Authority says its expansion program to add a third set of locks is 70.7 percent complete. Several components are finished, while the construction of the new […]
The White House has reinstated Mali’s eligibility to receive trade benefits under the African Growth and Opportunity Act, meaning that 40 of the 49 potentially eligible countries in sub-Saharan […]
A bulk carrier that had loaded grain in Duluth and went aground in New York State at the eastern end of Lake Ontario, just days before the St. Lawrence […]
The amount of capacity on idle, unemployed containerships reached reached 718,000 TEU in mid-December, according to Alphaliner, and “is expected to continue to rise until the end of March, […]
The containership chartering company Seaspan Corp. announced Monday it has entered into an agreement to extend and refinance its $1 billion credit facility. “The refinancing provides multiple benefits […]
Canada Coast Guard said that four people were removed by helicopter from MSC Monterey, a containership chartered by Mediterranean Shipping Company, on Sunday after the ship reported hull problems.
The ruling had its origins in a dispute between cargo interests and carriers involving the 2007 theft of four consignments of Canon cameras during road transport under CMR terms from […]
A spokeswoman from Hanjin Shipping said the liner has no plans to reduce its allocation on CKYH alliance services or sell terminals in the United States as a result of […]
The chairman of Hapag-Lloyd has suggested in an interview published in the German newspaper Hamburger Abendblatt that his company’s merger talks with the Chilean container shipping company CSAV could […]
Maersk said the Bay Bridge service will call both the Ports America terminal and SSA’s Oakland International Container terminal in Oakland, starting in mid-January, for eastbound and westbound service rotations.
The president of the International Longshoremen’s Association says a joint lawsuit by his union and two employer groups against the Waterfront Commission of New York Harbor will continue despite […]
Press outlets have reported the Hyundai Group has announced a major restructuring plan, that will include selling financial assets and support for its shipping company, Hyundai Merchant Marine.
Hanjin Shipping said it will raise 300 billion Korean won (KRW) ($283 million) by spinning off its dedicated bulk business into a joint venture.
“K” Line Next Generation Car Carriers The Japanese shipping company “K” Line said it has decided to double the number of next-generation car carrier vessels it is ordering. […]
The Federal Maritime Commission announced it reached compromise agreements with two Japanese companies for alleged violations of the Shipping Act by their roll-on, roll-off cargo operations. Under separate […]
‘Tis the day after Christmas, but no matter how carefully they hung their stockings, for many port executives funding for dredging and port infrastructure remains just a vision dancing […]
Kinder Morgan Energy Partners, L.P., said Monday it had entered into a definitive agreement to acquire American Petroleum Tankers (APT) and State Class Tankers (SCT) from affiliates of The […]
Maersk, in its Dec. 17 “Weekly Highlights” newsletter, has laid out contingency plans in connection with the upcoming Chinese New Year period. “We have endeavored to balance our […]
Canada’s Port of Sept-Îles on the Saint Lawrence Seaway said it set a new record earlier this month when it loaded 302,264 tons of iron ore on a ship, […]
A document on the Korean shipping company’s website said the plan involves repayment of debt; financial aid by shareholders and creditors; and a plan for improvement in operations.
The Danish foundation that controls the A.P. Møller-Maersk conglomerate, A.P. Møller og Hustru Chastine Mc-Kinney Møllers Fond til almene Formaal, has restructured. A.P. Møller-Maersk said the foundation, which […]
NOL Group has appointed 30-year logistics industry veteran Beat Simon to president of its APL Logistics subsidiary, effective March 1. Simon joins APL Logistics from Agility, where he […]
United Arab Shipping Co., which has nearly doubled U.S. cargo volumes this year, plans to consolidate most jobs, including employees from its U.S. headquarters of United Arab Agencies in […]
The first meeting of the Port of New York/New Jersey’s Port Performance task force is scheduled for today. The port authority earlier this month established the advisory group of […]
Ecu-Line, a non-vessel-operating common carrier based in Antwerp and subsidiary of the Avvashya Group in India, has partnered with FCL Marine Agencies in Rotterdam. FCL Marine is a […]
China has issued a new document to clarify value-added tax measures that went into effect in Aug. 1, which have caused concern in the shipping and logistics industry both […]
A report on large container ship safety, growing out of the loss of the container ship MOL Comfort, which broke in half June 17, has been released, setting visual […]
By Eric Kulisch and Jon Ross Liquefied natural gas seen as viable propulsion fuel for freight sector. Transportation industry interest in liquefied natural gas to power cargo vessels, barges, trucks and […]
The deal will establish a joint U.S.-Libya Council on Trade and Investment, which will address issues including market access, intellectual property, labor, and environmental challenges, the Office of the […]
“Establishing a company-owned chassis fleet gives Schneider complete control of assets used in an intermodal move and makes our service even more efficient for shippers,” stated Bill Matheson, president […]
According to the Cass Truckload Linehaul Index, truckload linehaul rates in November were 1.8 percent higher than in November of last year. Linehaul rates for the first 11 […]
