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Afederal judge found an insurer was justified in rescinding an ocean marine insurance policy because the insured misrepresented the value and condition of a dry dock it insured. (Catlin […]
Hub Group typifies the shift to more diverse services in this market space. In the railroad world, the moniker “hub” is well suited to Chicago, with its mass […]
Onslaught of safety regulations raises costs, supply uncertainty for truckers and shippers. Truckload capacity in the United States is at equilibrium, but it’s usually not difficult for shippers to […]
ACL’s added capacity will allow it to increase shipper cargo allocations. Andy Abbott, president and chief executive officer of Atlantic Container Line, said he’s looking forward to being able to […]
Shippers “call the shots” as to where container carriers send their ships, said Anil Vitarana, president of United Arab Agencies, the agent for United Arab Shipping Co. (UASC) in […]
C-SPAN’s “Washington Journal” left its Washington studio in August to broadcast an interesting program from the Port of Virginia. Over the course of three hours, the program hosted Reps. […]
Fault lines make unified voice for cargo groups elusive. With the globalization of business and the bigger regulatory role being played by international bodies, such as the International Maritime Organization (IMO), there […]
The city council voted 6-3 on Tuesday night in favor of a recommendation by Mayor Bob Foster that Thomas Fields be removed as president of the Long Beach Board of […]
The U.S. Federal Maritime Commission said it’s “accepting further public comment on the P3 Network Vessel Sharing Agreement” of Maersk, Mediterranean Shipping Co. and CMA CGM until midnight Friday, Nov. […]
Port Canaveral said it will receive $9.7 million from the state of Florida to help pay for expansion of its container facilities. A large cruise ship port, Port […]
Non-vessel-operating common carrier CaroTrans will start a new direct less-than-containerload service from New York to St. Petersburg, Russia, on Nov. 23. This fortnightly service has a 21-day transit. […]
What UASC calls the AWSI and CSCL labels its AAS2 will be merged with Yang Ming’s PSW4, and each of the carriers say they will continue to use those individual […]
OOCL Canada has arranged for inspections and is expected to arrive in Shanghai later this week. OOCL said it has made arrangements for boxes to be transferred to another ship, which will […]
China Shipping Group said Xu Li Rong has been named chairman and party secretary, replacing Li Shaode, who is stepping down due to his age. Xu Li Rong’s […]
Maersk Line said it’s “business as usual” at the Port of Lazaro Cardenas on Mexico’s west coast Mexico’s federal government and military took over the port city last week […]
MOL Group said it’s expanding its logistic services. The Japanese company noted “in recent years, particularly in the Mekong region, the group has aggressively developed its networks, and […]
The Port Equipment Manufacturers Association (PEMA) said it has released an information paper on the electrification of rubber-tired gantry (RTG) cranes in ports and terminals – “a key issue facing […]
The Korean Register and Russian Register of Shipping have recently entered an agreement to cooperate on shipbuilding. The aim is the continued development and promotion of the international […]
Yusen Logistics and Imperial Health Services have started a dedicated, temperature-controlled ocean freight consolidation service from Europe to southern Africa. This weekly service, which begins in January, will […]
A House Transportation and Infrastructure Committee panel specially created early this year to come up with recommendations for improving the nation’s freight transportation system released its final report on […]
The Intermodal Association of North America (IANA) this week announced a pilot program undertaken in collaboration with the Federal Motor Carrier Safety Administration (FMCSA), aimed at improving lag times […]
Robert Bugbee, president of Scorpio Tankers, has been named as the Connecticut Maritime Association (CMA) Commodore for the year 2014. The 2014 Commodore Award will be presented to […]
Senior officials from the United States and Caribbean Community (CARICOM) met Friday to discuss enhanced cooperation in multilateral fora, an increased focus on intellectual property protection, development of e-commerce infrastructure, and removal […]
“U.S. agricultural exports from 2009-2013 increased by a total of more than $230 billion – and the average volume of bulk commodities exported increased by nearly 4 million tons per […]
The global commodities shipper said it’s working with the classification society DNV GL, Royal Dutch Shell and international advisory firm Xyntéo to “evaluate possible ways to use LNG for dry bulk and […]
U.S. Southeast, Northeast offer growth opportunities for industry. In the domestic intermodal market, many analysts and industry players point to the U.S. East Coast as the burgeoning hot spot for […]
He will succeed John Reinhart, who will step down on Jan. 31, 2014, to become the CEO and executive director of the Port of Virginia. Bruner joined Maersk in […]
Representatives from the New York Shipping Association, Waterfront Commission of New York Harbor, and the Port Authority of New York and New Jersey issued a terse statement that said […]
Evergreen and Hanjin Shipping will start a new weekly service linking Korea, China, Vietnam, Singapore and Malaysia. The “New Ho Chi Minh Service” (NHS) will employ four ships, […]
The U.S. International Trade Commission has initiated four investigations to examine the impact of the African Growth and Opportunity Act (AGOA) trade preference program on the economies of sub-Saharan […]
Furniture retailer IKEA has acquired a 46-megawatt wind farm located in Alberta, Canada, from Mainstream Renewable Power. Terms of the deal were not disclosed. Mainstream has started […]
The U.S. Export-Import Bank has backed two small businesses employing 165 workers in Wyoming and Texas to export about $7 million worth of nitrogen pumps to an energy company […]
The U.S. Commerce Department on Thursday reported that the country’s exports of goods and services dropped slightly to $188.9 billion, from $189.3 billion in August. Exports through the […]
U.S.-flag Great Lakes freighters carried 9.8 million tons of dry-bulk cargo in October, an increase of 14.4 percent compared to a year ago, according to the Lake Carriers’ Association […]
Hanjin Shipping said it had a loss of 317.6 billion ($297 million) South Korean won in the third quarter compared with a loss of 47.3 billion won in the […]
Axel Mattern, the Port of Hamburg’s marketing chief executive officer, said he anticipates anticipates seaborne cargo throughput for the full year of up to 138.5 million tons. That would […]
The Department of Defense said that Maersk Line Ltd., the U.S.-flag arm of Maersk based in Norfolk, Va., has been awarded a $73,677,038 firm-fixed-price contract for the time charter […]
The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service is considering which pests actually pose a risk to the country’s agriculture sector when found in imported goods […]
Quarterly revenue of $14.6 billion for the group was down less than 1 percent, and the company said increased profit was achieved at all its businesses except Maersk Oil […]
The American Institute for International Steel has appointed Richard Chriss as its new executive director, replacing David Phelps, who is retiring. Phelps served as the AIIS executive director […]
Piraeus Container Terminal (PCT), a wholly-owned subsidiary of COSCO Pacific Limited, and Piraeus Port Authority have proposed to amend a 2008 concession agreement relating to Piers 2 and 3 […]
Business leaders question direction of Republican Party. The extreme conservative faction of the Republican Party — better known as the Tea Party — was largely responsible for the recent government shutdown […]
Ocean liner carriers “have had little choice but to focus on cost savings and increased efficiency as their strategy,” said Christopher Koch, president and chief executive officer of the […]
The Port of Oakland said Friday it has completed construction of its shore power infrastructure that will allow ships to “cold iron” — plug into electricity generated on shore […]
Import volume at the nation’s major retail container ports grew 6.5 percent in October compared to the same month last year despite the government shutdown, and year-over-year increases are […]
Hapag-Lloyd said it had profit in the third quarter of 16.6 million euro ($22.31 million), compared with 45.6 million euro in the same period last year, but said freight […]
At this pace, President Barack Obama and Vice President Joe Biden should be eligible to become honorary port directors. On Friday, the Port of New Orleans served as […]
Hanjin Shipping said Young Min Kim, president and chief executive officer, resigned “to take responsibility for the company’s continuing losses and delay on financial support from major creditor banks.”
The Canadian Industrial Transportation Association is changing its name to Freight Management Association of Canada/Association canadienne de gestion du fret. Robert Ballantyne, president of the group, said the […]
The Russian merchant fleet welcomed its first very large crude carrier (VLCC) during a naming ceremony last Thursday at the Bohai Shipbuilding Heavy Industry shipyard in China. The […]
Under the program, ocean carriers will earn $5 per TEU for each incremental container shipped through the port in 2014. The rate jumps to $15 per TEU if a […]
Since 2005, plant cargo into Atlanta has increased from fewer than 4 million plant imports to more than 200 million plants, according to officials. Atlanta is also the second-busiest […]
The U.S. Federal Maritime Commission has received 34 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 34 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Alpha Global Enterprise, […]
FMC reviews 34 OTI license applications
The U.S. Federal Maritime Commission has received 34 ocean transportation intermediary license applications and changes for review.
The U.S. Federal Maritime Commission has received 34 ocean transportation intermediary license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from JZ Cargo Logistics […]
The U.S. Federal Maritime Commission has received 34 ocean transportation intermediary license applications and changes for review.
APL Turquoise, a ship deployed on APL’s Asia-Australia Express (AAX) service that connects Singapore, Port Kelang, Malaysia, and various ports in Australia was unable to offload cargo in Fremantle […]
“North Europe Global Port Tracker” projects a recovery in container cargo volumes next year, just as significant numbers of ultralarge containerships are being delivered.
The U.S. Maritime Administration said Thursday it will spend $1.4 million on two projects looking at use of liquefied natural gas as a fuel for marine propulsion. In […]
Minjie China COSCO Holdings Co. Ltd. said Thursday in a notice posted with the Hong Kong Stock Exchange that it “has been informed by the controlling shareholder, China Ocean Shipping (Group) […]
Biden Vice President Joe Biden and Secretary of Transportation Anthony Foxx toured CSX’s sophisticated Northwest Ohio Intermodal Terminal in Wood County on Wednesday, the latest stop by Biden to promote […]
Matson said Wednesday it has signed a contract to have Aker Philadelphia Shipyard build two new 3,600-TEU containerships for an aggregate price of $418 million. The new ships […]
The company’s first service began two weeks ago, and Schneider will have the new program, which links three cities in Mexico to Chicago via a new interchange point, fully […]
At a meeting with the New York Shipping Association and Waterfront Commission of New York Harbor over hiring additional longshoremen there was “a great deal of progress,” according to […]
C.H. Robinson saw its total revenues increase by 15.1 percent in the third quarter, jumping from $2.88 billion in the 2012 period to $3.32 billion. For the first nine […]
The Mexican military and federal police have taken control of the port city of Lazaro Cardenas. CNN said a government spokesman told it that “the Mexican navy, army, […]
Horizon’s president said the improvement was “driven largely by reduced vessel charter expense, increased non-transportation revenue, lower dry-dock transit and crew-related expenses, and reduced overhead.”
The container terminal has a designed capacity of 2.8 million TEUs and is designed to service the world’s mega container vessels. The terminal is expected to commence operations in […]
Expeditors International of Washington said it had a profit of $92.4 million in the third quarter of 2013, 4-percent more than the $88.5 million earned in the same 2012 […]
Clean Energy Fuels Corp. said last week that it has placed a purchase contract on property in Jacksonville, Fla., where it hopes to build a liquefied natural gas (LNG) […]
NYK and its Nippon Container Terminals subsidiary are acquiring a 12.5-percent stake in Yang Ming’s Kao Ming Container Terminal Corp. (KMCT). KMCT was established as a build-operate-transfer project […]
Damco has opened a new warehouse in Semarang, Central Java. The warehouse is Damco’s fourth container freight station (CFS) facility in Indonesia and the second in Semarang. The company’s […]
Drewry said the P3 carriers are projected to maintain or improve headhaul vessel speeds, and the firm expects competitors “to follow P3’s speed improvement on headhaul routes in 2Q […]
The Port of Jacksonville and long-time tenant Trailer Bridge, Inc., have signed a new 10-year lease contract, which includes two additional five-year options. The agreement continues the company’s operations […]
By Chris Dupin and Eric Kulisch Officials held a ceremony Friday to publicize the California Green Trade Corridor, a container-on-barge service that operates between the ports of Stockton […]
The Shanghai Container Freight Index spiked upward on Friday, reflecting general rate increases being implemented by many carriers. Container spot rates increased for the sixth time in the past […]
Rickmers Holding GmbH & Cie. KG, parent of the Rickmers Group of shipping companies, has increased a corporate bond placed in June 2013 by 50 million euros ($67 million) […]
The Port of Long Beach is ready to meet California’s mandate for at least half of all container ships to run on shore-side electricity at berth beginning Jan. 1, […]
Hutchison Port Holdings (HPH) said it had profit of 966.3 million Hong Kong Dollars ($124.6 million) in the third quarter ending September 30, about 2 percent less than the […]
Non-vessel-operating common carrier Vanguard Logistics Services announced customers will be able to book their cargo to worldwide destinations from India on the NVO’s bill of lading and have 24-hour […]
“The timing of these increases is important, as prevailing spot market rates have a very strong influence on contract rates, for which negotiations are presently getting underway for 2014 […]
Evergreen said Sun Right, a 4,229-TEU chartered containership in its fleet, has sustained mechanical problems off the coast of California while on an eastbound voyage (Voyage No. 0607-119E) in […]
The Japanese classification society Nippon Kaiji Kyokai (Class NK) is proposing safety measures following its own investigation of the MOL Comfort casualty this summer and the deliberations of a […]
International traffic has been in decline due to the contents of many 40-foot international containers being immediately transferred to domestic 53-foot units at seaports, but during the third quarter, international […]
The American Institute for International Steel (AIIS) said U.S. steel exports increased in August compared to July by 5.5 percent, but were down compared to August 2012 by 2.1 […]
Marking the one-year anniversary of the U.S.-Panama trade agreement entering into force Thursday, U.S. Trade Representative Michael Froman highlighted significant increases in American shipper activity to the Central American country. […]
Japan’s three large shipping companies — NYK, MOL and “K” Line — all reported better results for the periods ending September 30, when compared to the prior year, largely […]
After six months of work, an ad hoc panel of the House Transportation and Infrastructure Committee on Tuesday announced a series of recommendations for improving the nation’s freight transportation system, but despite […]
The U.K. P&I Club said a recent incident in which containers of crab shell meal caught fire due to self-combustion has highlighted safety issues with the substance, which is […]
China Shipping Container Lines Co. Ltd. said it had a net loss of 404 million yuan renminbi (RMB) in the third quarter ending September 30 compared to a net […]
International Bunkering, one of the world’s largest bunker and lubricant trading companies, has acquired U.S. bunker brokerage firm Glander International. All brand equities will be transferred from both […]
Bogatch-Genossar The New York/New Jersey Foreign Freight Forwarders and Brokers Association has named Lea Bogatch-Genossar, ZIM’s Americas, Canada and Caribbean Area President, their Person of the Year. She […]
By sharing vessel space, the carriers said they will increase total capacity in the trade by using two 2,500-TEU-capacity vessels, resulting in a more efficient operation and reduced carbon […]
FESCO Integrated Transport North America has launched a new regular container service from North America to St. Petersburg, Russia, from the ports of New York, Norfolk and Charleston with […]
China Cosco Holding Co. Ltd. said it had a net loss of 737 million yuan renminbi (RMB) ($121 million) in the third quarter, compared to a 1.1 billion RMB […]
NOL Group, the Singapore-based parent of the container liner company APL, on Wednesday reported a net profit of $20 million for the third quarter of 2013, down from $50 […]
Hanjin Shipping said Wednesday that it is receiving a loan of 150 billion Korean Won ($141.6 million) from Korean Air, a major shareholder of Hanjin Shipping Holdings. In […]
